The Internet Computer (ICP) is a unique and ambitious blockchain project developed by the DFINITY Foundation. Launched with the vision to decentralize the internet itself, ICP has had a volatile journey since its launch. Once trading above $750 during its all-time high in May 2021, the token is currently priced around $5.36 in May 2025.
So, is ICP a sleeping giant waiting to explode, or just another overhyped project? Let’s break it down.
What Is Internet Computer (ICP)?
ICP is a layer-1 blockchain designed to extend the public internet so that it can also serve as a platform for smart contracts and decentralized applications (dApps). Unlike other blockchains that run on cloud infrastructure, ICP aims to host web content, back-end software, and dApps natively on the blockchain—a truly decentralized Web3 experience.
Some of its core features:
Smart contract execution at web speed.
Data and app hosting without centralized cloud providers.
Scalable and secure architecture.
Backed by advanced cryptography and a globally distributed node system.
Key Statistics (as of May 2025)
Current Price: ~$5.36
All-Time High: $750.73 (May 2021)
Market Cap: ~$2.86 Billion
Circulating Supply: 533.5 Million ICP
Volume (24h): ~$63.3 Million
Market Dominance: ~0.08%
RSI (14D): 34.3 (approaching oversold territory)
Is ICP a Good Project?
Technologically, yes. #ICP is one of the few projects aiming to redefine how the internet itself operates. Its decentralized hosting, internet identity, and native dApp hosting provide features that go far beyond traditional blockchains like Ethereum and Solana.
However, its price has struggled due to:
Early overvaluation during launch.
Poor tokenomics and inflation.
Complex technology that may be difficult to adopt for casual developers.
