The Internet Computer (COIN: $ICP) token has seen its price rise by over 60% in the past 24 hours. This has led to the market cap rising to around $3.2 billion, pushing it into the top 30 list of crypto assets by market cap.

Internet Computer Protocol (ICP) Rises By 60%+ In 24 Hours

 ICP is the native token of Internet Computer Protocol. It is a public network that supports smart contracts and promises limitless power that will allow them to operate at web speed and scale, at manageable computing costs.

Internet Computer Protocol was created by Dfinity, and it claims to be the third generation of blockchains after Bitcoin. According to Dominic Williams, the founder of Internet Computer, it is the future of Web 3.0. It aims to cut the dominance of big tech, while offering a free and open internet that has unlimited capabilities.

However, it has not had the massive impact expected when it launched in 2016. Nevertheless, it remains a notable part of the blockchain world.

Internet Computer Bitcoin Integration

The project has continued to make massive strides in development. In 2021, it announced that it had integrated with Bitcoin, allowing smart contracts to operate with Bitcoin Balances. Later, it integrated with Ledger, the hardware wallet. The development efforts have paid off, and its value has grown massively in recent weeks.

Internet Computer 2.0, DFNITY 2.0 Upgrade

One of the catalysts for the massive price increase is a recent post from founder Dominic Williams, Internet Computer 2.0, DFNITY 2.0 upgrades. They include AI-Powered APP creation via the introduction of Caffeine, which is a platform that allows users to create and deploy full-stack apps.

Williams also revealed they had implemented DFINITY 2.0 reorganization, allowing the DFINITY Foundation to operate more like a tech venture, instead of a research institute.

The founder also revealed Mission 70, which is a plan to reduce network inflation by 70% in 2026. They also plan to launch Internet Identity 2.0, which is a redesign of the authentication service, making it easier to use.

They also plan to introduce cross-chain interoperability via Chain Fusion technology, enabling direct, trustless interaction between smart contracts on Internet Computer and other blockchains.

During the announcement, they revealed that Solana integration and Dogecoin integration via the Helium and Meridian Milestones, respectively, were now live.

Additionally, they have recently made an upgrade to compute and storage capacity, doubling the subnet storage to 2 TiB, allowing for bigger, data-heavy dApps. Other upgrades to compute and storage are in the works.

They have also made upgrades to the developer suite, making it easier to interact with tools like Cycles Ledger. Later in 2025, they plan to overhaul the Command Line Interface (CLI) tools.

Market Performance

As of press time, Internet Computer is trading at $5.86, which is a 99.2% discount from its all-time high of $700.65 on May 10, 2021. In the past 24 hours, the price of ICP has risen 54.1%, while in the past week, its price has risen 87.1%

Is Now The Time To Buy Internet Computer Protocol (ICP)

The Internet computer has seen massive gains in 2025 and is now up 25.59% in the past 30 days. With upgrades still rolling out, ICP could rise even higher by the end of 2025. However, once the hype dies down, it could potentially experience a correction. However, based on the current bullish momentum, adding ICP to your portfolio could potentially deliver short-term returns. 

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