Internet Computer (ICP) Hits All-Time High of $737
- DeFi Protocol
- Market Structure
Internet Computer (ICP) smashed an all-time high of $737 shortly after launch, riding the hype of being a 'world computer' blockchain. The DFINITY project promised to decentralize the internet, and CT was buzzing with moon predictions despite skepticism over its valuation. Prices later cooled off, but this peak marked ICP as a polarizing player in the 2021 bull run. It was a classic case of hype outpacing fundamentals, with many calling it overbought.