Amid a world of hype, Dfinity’s Internet Computer project exploded onto the scene this year after 5 years of largely secretive development. It promised an internet revolution replacing the trillion-dollar legacy internet and IT industry by allowing developers to install their code directly on a “public internet” without having to rely on third-party hosting firms.when they were listed on major exchanges in mid-May sending prices skyrocketing to a very quick all-time high of $700 on May 10.
Since then, ICP prices have virtually collapsed sinking to an all-time low of $24.29 on Dec. 4, a painful 96% down from its peak just 7 months prior. It has also lost 93% against Bitcoin in terms of satoshis.The once darling of crypto that many touted would kill Ethereum has actually done very little in terms of price movements this year while those around it have surged.had already fallen out of the market cap top ten on Jan. 1 and it continued to fall down the charts all year.
Block.one’s once-hyped token was trading at $3.25 at the time of writing, having slumped to the 50th spot by market cap. It is currently 86% down from its April 2018 all-time high of $22.71 and has lost 22% against BTC over the year.EOS/USD YTD - coingecko.
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