Where to buy Internet Computer (ICP) coin: it is oversold and prepping for a breakout | Invezz

Internet Computer (ICP) is continually being considered as being oversold by most analysts and they believe it is just a matter of time before it breaks out and goes parabolic.

The coin had been on the decline for most of 2021 and analysts think its price has already hit rock bottom; meaning the only way now is upwards now.

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To help investors and traders who are thinking of investing in Internet Computer (ICP), Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy Internet Computer (ICP) coin

As ICP is such a new asset, it's yet to be listed on major exchanges. You can still purchase ICP using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ICP right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and 'connect' your wallet to it.

4. You can now swap your ETH for ICP

Now that you're connected, you'll be able to swap for 100s of coins including ICP.

What is Internet Computer (ICP)?

Internet Computer (ICP) coin is the native token of the Internet Computer blockchain.

In a nutshell, the Internet Computer blockchain is the world’s first blockchain that operates just as the internet does.

The Internet computer blockchain provides a revolutionary way of building tokenized internet services, decentralized finance protocols, and pan-industry platforms and websites.

Besides holders trading the ICP token on crypto exchanges, the token is also used to facilitate Internet Computer network governance, power the Internet Computer network, and also reward participants that play important roles like voting.

Should I buy the ICP coin today?

If you are looking for a cryptocurrency that has declined enough and has now started showing signs of recovering from its fall, then the ICP coin is a great choice.

Nevertheless, you should be aware of the fact that the cryptocurrency market is extremely volatile and market sentiments could change within seconds.

Internet Computer price prediction

After the drastic fall that took place in 2021, analysts now believe that the price of the Internet Computer (ICP) coin shall rise again in 2022 especially going by the current market movements.

$ICP social media coverage