According to CoinMarketCap rankings, a cryptocurrency called Internet Computer coin (ICT) has become the 8th most valuable major cryptocurrency in the world, as its market capitalization skyrocketed to $45 billion right after 1 day of market launch on May 10.
ICT was created to help anyone upload whatever content they want to the internet without having to go through tech giants like Amazon, Facebook or go through commercial cloud servers and services. .
Dominic Williams – the founder of this cryptocurrency project is said, ICT was founded with the idea of avoiding barriers for companies and helping to reduce costs. Users can build social media and other services to compete with the internet giants of the world.
ICT uses more optimal technology that allows their application to become more feasible, is the biggest competitor. Ethereum is also the target that many other cryptocurrencies want to overthrow.
As of 9:30 a.m. on May 12, Vietnam time, the digital currency market is simultaneously thriving. Bitcoin rose 3.23% to 57,309.9 USD/coin. Ethereum is up 8.89% to $4,236.66/coin. Dogecoin, the digital currency that has attracted strong attention recently, also increased by $7.22 to $0.494 per coin, after evaporating $22 billion in market capitalization.