The world of decentralized technologies continues to evolve, and Layer 1 blockchains are at the forefront of this transformation. Among the emerging players, Ice Open Network (ICE) stands out as a high-performance blockchain designed for scalability and speed. Built with the future of Web3 in mind, Ice Open Network aims to bridge the gap between traditional web2 systems and the decentralized web3 ecosystem, offering users a seamless, secure, and efficient digital experience.
In this comprehensive overview, we’ll explore the current ICE price, market performance, supply metrics, and the foundational technology behind Ice Open Network. Whether you're a seasoned investor or new to crypto, this guide delivers actionable insights with real-time data to help you understand ICE’s position in today’s dynamic market.
What Is Ice Open Network (ICE)?
Ice Open Network is a Layer 1 blockchain engineered for high scalability and rapid transaction processing. Unlike older blockchain infrastructures that struggle with congestion and high fees, Ice Open Network is optimized to handle millions of transactions per second (TPS), positioning it among the fastest blockchains in the industry.
At its core, Ice Open Network is built to support a decentralized future—empowering billions of users to transition from centralized web2 platforms to a more open, user-controlled web3 environment. The network emphasizes privacy, data ownership, and censorship resistance, ensuring users maintain full control over their digital identities and assets.
With a focus on long-term adoption, Ice Open Network integrates advanced consensus mechanisms and sharding techniques to maintain both security and performance at scale. This makes it an attractive infrastructure solution for decentralized applications (dApps), DeFi protocols, and NFT platforms seeking low-latency and high-throughput capabilities.
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ICE Price Today: Real-Time Market Data
As of now, the ICE price stands at $0.00564, reflecting a -0.53% change over the past 24 hours. While the broader cryptocurrency market shows moderate movement, ICE remains in a consolidation phase following its previous peaks.
Key Price Metrics:
- Current Price: $0.00564
- 24-Hour Range: $0.00552 – $0.00575
- All-Time High (ATH): $0.0161 (reached on January 19, 2024)
- Current Position Relative to ATH: -65% below peak
- Market Capitalization: $38.29 million
- Market Share: 0.00% of total crypto market
Despite being down significantly from its ATH, ICE continues to maintain a stable presence in the ecosystem, supported by consistent development activity and growing community engagement.
ICE Supply Overview
Understanding tokenomics is essential when evaluating any cryptocurrency. Ice Open Network features a well-defined supply structure designed to balance availability and scarcity over time.
- Maximum Supply: 21,150,537,435 ICE
- Total Supply: 21,150,537,435 ICE
- Circulating Supply: 6.79 billion ICE (approximately 32.1% of max supply)
The relatively low circulating supply compared to maximum supply suggests that a large portion of tokens are likely reserved for future distribution—such as staking rewards, ecosystem development, or team incentives. This can influence price dynamics in the medium to long term, especially as more tokens enter circulation through planned releases.
ICE to USD Converter & Trading Volume
For investors tracking real-time value, the ICE to USD converter is a vital tool. With the current price at $0.00564, here’s how common holdings translate:
| ICE Amount | USD Value |
|---|---|
| 1 ICE | $0.00564 |
| 100 ICE | $0.564 |
| 1,000 ICE | $5.64 |
| 10,000 ICE | $56.40 |
Note: Values are approximate and based on live pricing.
The 24-hour trading volume for Ice Open Network is $5.17 million, indicating steady market interest. Healthy trading volume supports liquidity, making it easier for users to enter or exit positions without significant slippage.
Trending fiat pairs include ICE/USD, ICE/EUR, and ICE/GBP, reflecting global adoption across major financial markets.
Why Ice Open Network Matters in Web3
As blockchain technology matures, scalability remains one of the biggest hurdles for mass adoption. Ice Open Network addresses this challenge head-on with a robust architecture built for speed and efficiency.
By enabling millions of TPS, Ice Open Network opens doors for real-world applications such as:
- High-frequency decentralized finance (DeFi) platforms
- Instant cross-border payments
- Scalable NFT marketplaces
- Enterprise-grade dApps requiring low latency
Additionally, its emphasis on user privacy and data sovereignty aligns with growing global concerns about digital surveillance and centralized control. In an era where data is currency, Ice Open Network empowers individuals to own and manage their digital footprint securely.
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Frequently Asked Questions (FAQ)
What is Ice Open Network used for?
Ice Open Network serves as a foundational Layer 1 blockchain that supports decentralized applications requiring high throughput and low latency. It's ideal for DeFi, NFTs, gaming, and scalable enterprise solutions.
How does ICE compare to other Layer 1 blockchains?
Unlike older Layer 1 networks that face congestion during peak usage, Ice Open Network is designed for ultra-high scalability, targeting millions of transactions per second. This puts it in competition with other next-gen blockchains focused on performance and user experience.
Where can I buy ICE tokens?
ICE tokens are available on select cryptocurrency exchanges that support emerging blockchain projects. Always verify exchange legitimacy and security before trading.
Is Ice Open Network mineable?
No, Ice Open Network does not use a proof-of-work mining model. Instead, it likely employs a more energy-efficient consensus mechanism such as proof-of-stake or delegated consensus to validate transactions and secure the network.
What factors could affect ICE’s future price?
Key drivers include network adoption, partnerships, listing on major exchanges, technological upgrades, and overall market sentiment toward Layer 1 blockchains.
Can ICE reach its all-time high again?
While past performance doesn’t guarantee future results, a recovery to ATH is possible if Ice Open Network sees increased adoption, ecosystem growth, and favorable market conditions. Monitoring development progress and community engagement is crucial.
Final Thoughts: Is ICE a Project to Watch?
Ice Open Network represents a bold vision for the future of decentralized infrastructure. With its focus on speed, scalability, privacy, and user empowerment, it addresses some of the most pressing limitations of existing blockchains.
While currently trading well below its all-time high, the project's fundamentals—particularly its technological ambitions and structured token supply—suggest long-term potential. For investors interested in early-stage Layer 1 ecosystems with high growth trajectories, ICE may warrant closer examination.
As always, conduct thorough research and consider market risks before making any investment decisions.
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