{"id":7360,"date":"2021-08-07T15:52:57","date_gmt":"2021-08-07T14:52:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7360"},"modified":"2021-08-07T15:53:06","modified_gmt":"2021-08-07T14:53:06","slug":"altcoin-market-icp-rises-nearly-30-doge-uni-and-dot-surge","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/altcoin-market-icp-rises-nearly-30-doge-uni-and-dot-surge\/","title":{"rendered":"Altcoin Market: ICP rises nearly 30%, DOGE, UNI, and DOT surge"},"content":{"rendered":"\n
Will ICP <\/a>recapture some of its former value?<\/h5>\n\n\n\n
\"Altcoin<\/figure>\n\n\n\n

Ethereum \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>may be enjoying the spotlight after a major network upgrade\u2014it recrossed the $3,000 threshold today just days after the London Hard Fork went live\u2014but that hasn\u2019t stopped other altcoins from surging likewise.<\/p>\n\n\n\n

Dfinity\u2019s Internet Computer Project token grew 26% overnight to hit $57, while many more top altcoins grew in the last 24 hours, according to crypto data aggregator Nomics.<\/p>\n\n\n\n

ICP shot up six places on the leaderboard of cryptocurrency market capitalizations. The ambitious blockchain <\/a>computing project is now back in the top twenty, sitting at 18th place with a market cap of $7.82 billion.<\/p>\n\n\n\n

ICP is the native token of Dfinity\u2019s Internet Computer Project, a smart contract platform that hopes to compete with the $370 billion cloud computing industry by bringing decentralized versions of killer apps like Whatsapp, eBay, Tik Tok, Linkedin, and Uber.<\/p>\n\n\n\n

ICP was immediately listed on Coinbase <\/a>Pro when it launched on May 7 this year. Within three days it commanded a market cap of $26 billion, making it the eighth-largest cryptocurrency at that point, just one place behind XRP.<\/p>\n\n\n\n

But ICP\u2019s bull run didn\u2019t last. The token spent the rest of May and most of June in freefall, dropping from a very brief high of $567 on May 10 to a low of $28.41 on June 26. The price stabilized after that, hovering mostly around the $40 mark in the weeks since.<\/p>\n\n\n\n

At the end of last month, Dfinity was hit with a class-action suit from an investor, who alleged that the company sold ICP as an unregistered security. Backers Polychain <\/a>and Andreessen Horowitz are also implicated in the case filed by Californian Daniel Ocampo.<\/p>\n","protected":false},"excerpt":{"rendered":"

Will ICP recapture some of its former value? Ethereum may be enjoying the spotlight after a major network upgrade\u2014it recrossed the $3,000 threshold today just days after the London Hard Fork went live\u2014but that hasn\u2019t stopped other altcoins from surging likewise. Dfinity\u2019s Internet Computer Project token grew 26% overnight to hit $57, while many more […]<\/p>\n","protected":false},"author":13,"featured_media":7364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81,25,71],"tags":[202,151,2027,2026],"class_list":["post-7360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","category-market-analysis","category-markets","tag-blockchain","tag-doge","tag-dot","tag-icp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/image-70.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7360"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7364"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}