ICP Price Prediction 2023-2032
- ICP Price Prediction 2023 – up to $7.80
- ICP Price Prediction 2026 – up to $26.16
- ICP Price Prediction 2029 – up to $77.41
- ICP Price Prediction 2032 – up to $253.35
Internet Computer is the first cryptocurrency backed by a protocol. So many crypto experts believe ICP is a good investment and could grow further and, with new developments, could get better. ICP, the native token of the Internet Computer network, is mainly used for processing the network’s power. Will ICP Price Prediction help us sail calmly in this turbulent crypto winter?
Limiting the influence of Big Tech firms like Google and Facebook by changing the Internet might be a farfetched dream but not impossible. We all want to establish a global web 3.0 that is “open and free” by banding together and connected by a protocol in millions of computers. Let’s find out if ICP is a good investment and if a resurgence is possible.
How much is ICP worth?
As of the latest data, the Internet Computer (ICP) is valued at $8.976, accompanied by a 24-hour trading volume of $495.52 million, a market capitalization of $4.07 billion, and a market dominance of 0.24%. Over the last 24 hours, the ICP price has experienced a decrease of -3.29%. The current circulating supply stands at 453.10 million ICP out of a maximum supply of 488.51 million ICP, with a yearly supply inflation rate of 65.22%, resulting in the creation of 178.86 million ICP in the past year. In the Layer 1 sector, Internet Computer holds the 14th position in terms of market capitalization. The market sentiment prediction is currently bullish, and the Fear & Greed Index registers a value of 70, indicating a state of greed in the market. These metrics provide an overview of Internet Computer’s current position in the cryptocurrency landscape, reflecting both its market performance and investor sentiment.
ICP price analysis: ICP/USD bullish at $8.976
- ICP price analysis is bullish today.
- The strongest support is present at $8.676.
- ICP/USD is trading at $8.976 at the time of writing.
On December 21, 2023, the Internet Computer (ICP) token underwent a sudden and notable surge in value, catapulting from $8.660 to $9.076 within a brief time frame. However, this bullish momentum was met with an unforeseen and significant downturn, leading to heightened selling activities. Despite the initially prevalent bullish market sentiment that had propelled the token’s price to $8.976, the abrupt and pronounced price fluctuations raised concerns among investors. Approaching the crucial threshold of $9.000, certain indicators suggested the potential for a reversal in the established trend. Ultimately, the token stabilized around the $8.976 mark, emphasizing the dynamic nature of the market during that specific timeframe and highlighting the unpredictable shifts that can occur in cryptocurrency valuations.
Internet Computer (ICP) token witnessed a rapid and substantial surge in value, escalating from $8.660 to $9.076 in a brief period. However, this bullish momentum was abruptly met with a significant downturn, triggering heightened selling activities despite the earlier prevailing positive market sentiment that had driven the token’s price to $8.976. The unexpected and pronounced fluctuations raised concerns among investors, particularly as the token approached the crucial $9.000 threshold, with certain indicators hinting at a potential reversal in the established trend. Ultimately, the token stabilized around $8.976, underscoring the dynamic and unpredictable nature of the cryptocurrency market during that specific timeframe, demonstrating the volatility and rapid shifts that can characterize digital asset valuations.
ICP price analysis for 1-hour: Recent developments
The pricing dynamics of Internet Computer (ICP) demonstrate significant volatility, primarily driven by the overarching sentiment within the broader cryptocurrency market. This volatility becomes particularly evident when employing analytical tools such as Bollinger Bands. Currently, the ICP price is situated below the upper band threshold, marked at $9.222, suggesting a resistance level at this specific price point. Conversely, in the event of a substantial price decline, there appears to be a stabilizing influence around $8.676, establishing a robust support level for ICP. These observations underscore the heightened sensitivity of ICP’s price to market sentiment, rendering it susceptible to significant fluctuations in both upward and downward directions. The utilization of tools like Bollinger Bands offers valuable insights into potential resistance and support levels, aiding investors and traders in navigating the dynamic nature of ICP’s price movements.
At present, the Relative Strength Index (RSI) evaluation for Internet Computer (ICP) registers at 46, indicating a neutral sentiment in the cryptocurrency market. Positioned within the central neutral territory on the RSI scale, reflecting a balance between buying and selling pressures, the ongoing upward trajectory of the RSI suggests a prevailing influence of buying activity over selling activity. This trend hints at the potential emergence of bearish market conditions. The analysis underscores the importance of vigilant monitoring of RSI trends as they provide valuable insights into the dynamics of the cryptocurrency market and potential shifts in sentiment, offering investors crucial information for making well-informed decisions. The equilibrium observed in the RSI highlights the delicate balance between buyers and sellers, emphasizing the need for careful observation amid the evolving conditions of the market.
ICP 1-day price analysis: ICP obtains upward momentum at $8.976
The price dynamics of ICP underscore its vulnerability to substantial market fluctuations, marked by rapid and significant price swings occurring within relatively short time frames. This persistent volatility poses challenges in establishing and sustaining a consistent price trajectory for ICP. The utilization of analytical tools such as Bollinger Bands highlights a critical threshold around $10.664, where potential price support may play a role, potentially reinforcing its upward momentum. Another robust support level is identified at the lower boundary of the Bollinger Bands, approximately at $2.771, assisting in mitigating significant price declines. Currently, the price trends exhibit a favorable pattern below the Moving Average line, suggesting the potential for an impending change in direction. Investors are advised to closely monitor these technical indicators for valuable insights into ICP’s price movements and potential shifts in trends, enabling informed decision-making in the face of the cryptocurrency’s inherent volatility.
A comprehensive analysis of the Internet Computer (ICP) market indicates a state of moderate equilibrium, as reflected in its Relative Strength Index (RSI) reading of 69, placing ICP in the overvalued range and suggesting a prevalence of buyers over sellers. However, a more detailed examination of the RSI trend reveals that, despite the overvalued status, selling activity currently equals buying activity, implying a potential forthcoming period of price stability. This observation underscores the significance for traders and investors to closely monitor this evolving situation, as it may signify a shift in market dynamics that could influence future price movements for ICP. Staying attentive to such indicators is imperative for making well-informed decisions in the dynamic landscape of the cryptocurrency market, where subtle shifts in buyer-seller dynamics can have a substantial impact on asset valuations.
What to Expect from the ICP Price Analysis
In conclusion, the current valuation of Internet Computer (ICP) at $8.976 reflects the cryptocurrency’s susceptibility to market fluctuations, as evidenced by recent price swings. Despite experiencing a sudden surge on December 21, 2023, ICP encountered an unexpected downturn, stabilizing around $8.976. Technical analyses utilizing tools like Bollinger Bands and the Relative Strength Index (RSI) provide insights into potential support and resistance levels, with key thresholds identified at $10.664 and $8.676, respectively. The equilibrium observed in the RSI at 46 suggests a delicate balance between buying and selling pressures, signaling potential stability in the near term. Traders and investors are advised to remain vigilant and monitor these indicators for informed decision-making in the dynamic cryptocurrency market, where shifts in sentiment can influence ICP’s future price movements. The bullish market sentiment, coupled with a Fear & Greed Index at 70, adds complexity to the landscape, highlighting the need for careful observation and adaptability in navigating the volatile nature of the cryptocurrency market.
Recent News on ICP
Dfinity raised over $166 million from a group of investors like Andreessen Horowitz and Polychain Capital. Their investments had ballooned into billions of dollars at the time of listing. Internet Computer’s goal was to create a blockchain-based supercomputer that runs in a decentralized way. At the time of launch, the Financial Times claimed that the technology would disrupt cloud computing giants like AWS and Google Cloud.
Internet Computer is not dead, although it has fallen down a deep abyss. Some of the dApps in its system are no longer in development, while others have little or no activity. A look at its explorer shows that there is still some activity in the ecosystem. The question is whether that activity is worth over $1 billion, as ICP’s market cap suggests.
Exciting news has emerged for cryptocurrency enthusiasts as Ledger Live, the popular platform for managing digital assets, has announced the addition of support for the Internet Computer Protocol (#ICP). This means that users can now seamlessly send and receive ICP tokens using Ledger Live while ensuring the utmost security through their Ledger hardware devices. The successful integration of this feature is attributed to the dedicated efforts of @zondax, who have played a pivotal role in making this possible. The collaboration highlights the ongoing advancements in the crypto space and the commitment of various stakeholders to provide users with secure and efficient ways to manage their digital holdings. Furthermore, the announcement hints at the imminent release of iOS support for ICP on Ledger Live, adding to the excitement surrounding this development. For those interested in exploring this new functionality, further details can be found in Ledger’s official blog post.
This tweet is highlighting the TRAX Class of 2024, a group of artists who are part of the TRAX decentralized music platform, which operates on the Internet Computer (ICP). The core idea behind this initiative is to leverage the principles of Web3 technology to empower musicians and creators in the music industry. By using blockchain technology and a decentralized platform, artists gain more autonomy and control over their music, allowing them to connect directly with their audience. The mention of Lewis Knaggs joining this class and releasing an acoustic version of “Feel Forever” exclusively on TRAX underscores the platform’s role in enabling artists to share their work while bypassing traditional intermediaries. This marks a significant shift in the music industry, where artists can explore new avenues for distributing and monetizing their content.
ICP Price Prediction 2023-2032
| YEAR | MINIMUM | AVERAGE | MAXIMUM |
| 2023 | $6.86 | $7.59 | $7.80 |
| 2024 | $11.04 | $11.35 | $13.04 |
| 2025 | $14.99 | $15.55 | $18.76 |
| 2026 | $22.04 | $22.82 | $26.16 |
| 2027 | $31.93 | $32.84 | $37.85 |
| 2028 | $45.16 | $46.80 | $55.18 |
| 2029 | $70.20 | $72.07 | $77.41 |
| 2030 | $101.11 | $104.71 | $119.48 |
| 2031 | $146.48 | $150.67 | $180.03 |
| 2032 | $215.05 | $221.08 | $253.35 |
ICP Price Prediction 2023
Projections for the 2023 ICP price predictions manifest a predominantly optimistic perspective, foreseeing a notable escalation from its present valuation. Forecasts indicate an anticipated zenith price of roughly $7.80, reflecting substantial growth. Conversely, the envisaged lower threshold is expected to hover around $6.86, with the mean market price envisioned at approximately $7.59.
ICP Price Prediction 2024
Based on our 2024 ICP price prediction, we foresee a potential upper limit of $13.04 for Internet Computer (ICP) in the year 2024. Through our calculations, an average projected price of approximately $11.35 is derived, while a potential lower limit is identified at around $11.04. These projections provide insights into the potential range of prices for ICP in 2024, aiding investors in their strategic decision-making.
ICP Price Prediction 2025
Subsequent to our comprehensive analysis, our ICP price prediction for 2025 envisions the cryptocurrency attaining a peak value of $18.76. The anticipated lower limit for ICP during this timeframe is expected to be approximately $14.99, while the calculated mean value is estimated at around $15.55. It is crucial to acknowledge that the potential for a substantial increase in Internet Computer’s value exists, particularly in the context of more widespread adoption of blockchain-based applications in the ensuing years.
ICP Price Prediction 2026
In our 2026 ICP price prediction, we observe an optimistic market sentiment, indicating the potential for a substantial increase in the cryptocurrency’s value. According to our analysis, ICP could attain its peak at $26.16, signifying a notable surge from its current trading price. Likewise, the projected floor price for ICP in 2026 is estimated to be around $22.04. Taking these factors into account, the expected average market value for ICP in 2026 is approximately $22.82, offering a positive outlook for investors with a bullish perspective on this digital asset.
ICP Price Prediction 2027
As per our 2027 ICP price prediction, there appears to be significant profit potential for investors, with the cryptocurrency potentially achieving a maximum price of $37.85. Over the course of the year, it is anticipated that ICP may maintain an average price of approximately $32.84, and the projected lower limit is estimated to be around $31.93. The potential for a price upswing in ICP can be attributed to its favorable features, which encompass reduced fees, increased transparency, enhanced security measures, and accelerated transaction processing speeds. These factors contribute to a positive outlook, suggesting a promising trajectory for ICP in 2027.
ICP Price Prediction 2028
Our ICP price prediction indicates that the cryptocurrency is poised to fluctuate within a range, spanning from a minimum value of $45.16 to a maximum of $55.18, with an average projected price of approximately $46.80. Acknowledged as one of the standout performers among digital currencies, ICP is anticipated to witness heightened demand in the foreseeable future, potentially leading to a substantial upswing in its market value. This optimistic market sentiment suggests a promising trajectory for the token, capturing the attention of investors and potentially propelling its value to unprecedented levels.
ICP Price Prediction 2029
Based on our thorough analysis for the year 2029, our ICP price prediction suggests a promising potential, reaching a maximum value of $77.41. This signifies a significant upward movement from its current valuation. Additionally, we anticipate that the average trading price for ICP will hover around $72.07, with a projected lower limit estimated at approximately $70.20 throughout the year. Collectively, these indicators paint a favorable picture for the anticipated trajectory of ICP’s price performance in 2029.
ICP Price Prediction 2030
Aligned with our 2030 Internet Computer price forecast, there exists the potential for the ICP price to attain a maximum value of $119.48. This forecast is meticulously crafted, considering a diverse array of factors, including the overall performance of the market, the rate of ICP adoption, and advancements within the broader cryptocurrency sector. Additionally, our prognostication incorporates a significant reinforcement of the price support level, indicating a minimum estimated price of $101.11 for ICP. On an average basis, we anticipate that the market value of ICP will persist around $104.71. The synergistic interplay of these elements collectively contributes to fostering a positive outlook regarding the prospective price trajectory of ICP in the year 2030.
ICP Price Prediction 2031
Outlined in our 2031 Internet Computer prediction, we foresee a promising trajectory that has the potential to propel the cryptocurrency to a peak value of $180.03, indicating a substantial upsurge from its current market price. Throughout this timeframe, our anticipation is that the average price will revolve around $150.67, accompanied by a minimum projected value of approximately $146.48. The substantial growth potential within the digital currency landscape may act as a catalyst for significant user adoption, contributing to the observed higher price levels.
ICP Price Prediction 2032
According to our analysis for the year 2032, our ICP price forecast indicates substantial growth potential, projecting a peak price of $253.35. The average price for the cryptocurrency is expected to remain robust at around $221.08, indicating a predominantly positive trajectory. The projected minimum price is envisaged at $215.05, suggesting a relatively strong support level. In summary, the outlook presents a bullish scenario for ICP throughout the year, characterized by the potential for upward movements and periodic fluctuations.
ICP Price Predictions by CoinCodex
According to CoinCodex’s present Internet Computer price prediction, there is an anticipated increase of 9.87%, with the price expected to reach $9.79 by December 21, 2023. Their technical indicators suggest a Bullish sentiment, while the Fear & Greed Index registers at 67 (Greed). Internet Computer has experienced 18 out of 30 (60%) green days with a 12.10% price volatility over the last 30 days. According to their forecast, the current conditions suggest it’s a favorable time to buy Internet Computer. Looking ahead, the yearly high price prediction for Internet Computer in 2024 is estimated at $72.27. Further, the forecast anticipates the price of Internet Computer reaching as high as $62.87 in 2025. Extending this analysis, the Internet Computer price prediction for 2030 could potentially ascend to $66.79, assuming the same basis for projection. Investors should carefully consider these predictions and market dynamics before making investment decisions.
ICP Price Predictions by Wallet Investor
According to the analysis conducted by Wallet Investor, their prognosis for the future value of Internet Computer (ICP) suggests a potential depreciation. They characterize ICP as a less favorable, high-risk investment option, cautioning that current investments may face devaluation in the coming period. According to Wallet Investor’s forecast, the projected price for Internet Computer by the year-end is approximately $0.183. This forecast implies a challenging outlook for investors considering Internet Computer as part of their portfolio, indicating a higher degree of risk associated with potential depreciation in the asset’s value. Investors are advised to exercise careful consideration and risk management strategies when contemplating investments in Internet Computer based on these projections
ICP Price Predictions by Digital Coin Price
According to the price prediction provided by experts at Digital Coin Price, a sustained long-term increase is anticipated for Internet Computer (ICP). Their analysis suggests that by the end of this year, the price of Internet Computer could exceed $10. Looking ahead to 2026, the Internet Computer (ICP) price forecast is expected to reach approximately $23.43, indicating a potentially lucrative investment opportunity. These projections reflect a positive outlook on the future value of Internet Computer, signaling optimism among analysts regarding its growth potential. Investors considering ICP may find this forecast encouraging, as it implies a favorable trend and the possibility of significant returns over the specified timeframe.
ICP Overview
How can a project founded in October 2016 by Dominic Williams attract much interest from the crypto environment? More so, how can it raise a total of $121 million from contributors like Andreessen Horowitz, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, Polychain Capital, SV Angel, and Multicoin Capital, and several notable early Ethereum investors?
On May 10, 2021, DFINITY Foundation — founded by Dominic Williams– released the Internet Computer into the public domain, a major milestone that indicates that the Internet Computer currently functions as a decentralized global computer, as mentioned by the release of all of the Internet Computer’s source code into the public domain.
DFINITY claims that its Internet Computer is highly scalable and runs at web speed, with some functions taking only milliseconds. The network is governed by an open autonomous algorithmic software system called the Network Nervous System (NNS), and its native utility token is ICP (previously known as DFN).
After Bitcoin, which serves as digital gold, ad Ethereum driving the decentralized finance revolution, the project claims to be the third greatest breakthrough. Let’s see why that is.
More on the ICP Network
What is Internet Computer (ICP)?
Internet Computer is developed by a non-profit organization or NGO called DFINITY. DFINITY is one of the most successful foundations that attracted many investors’ funds during its initial stages. To understand what the Internet Computer does, you need to dive deeper into the technicalities of DFINITY, and the goals of its founder, Dominic Williams.
Williams founded DFINITY in October 2016. It attracted a lot of attention for its new implementation of blockchain technology. The Internet Computer, on the other hand, was launched in the year 2021, in the month of May by the Foundation.
The contributors to the DFINITY Foundation include Polychain Capital, ZeroEx, Aspect Ventures, and many more firms, including notable Ethereum supporters, in the early stages. The Foundation works on discovering more possibilities in the blockchain industry. There are a number of experts working under the Foundation. With their collective efforts, the Foundation has published 100,000 citations along with 200 patents.
Significance of ICP
In addition to Bitcoin and Ethereum, this is the third significant innovation in blockchain technology. The blockchain-based computer distributes and scales smart contract computation and the data gathered after computation, all at web speed. Furthermore, it facilitates the execution and storage of data with great efficiency and provides dynamic software frameworks to the developers of the ICP community.
To summarize, the ICP blockchain protocol will help to build better and more efficient platforms, decentralized applications, and websites, and produce a more tokenized version of these systems. Therefore, the Internet Computer protocol is a step further into the blockchain world.
Latest ICP Developments
2022 was a new slate for ICP. It raced from $25.36 on 1 January 2022 to $36.55 five days later. This came after the launch of the Terabithia bridge, a function designed to improve interoperability between Internet Computer and Ethereum. Terabithia is a cross-chain communication protocol and asset mirroring protocol. Users can use any ETH tokens, fungible or nonfungible, on the Internet Computer blockchain. This makes ICP a layer-two scaling solution.
Terabithia could be the next step for Internet computers to scale. This bridge allows smart contracts to operate between the two blockchains, meaning assets can be created that function on both Ethereum and Internet Computer. For example, ERC-20 tokens can exist on the Internet Computer blockchain.
By now being cryptographically integrated with the Bitcoin network, The Internet Computer can operate smart contracts on the flagship cryptocurrency’s ledger using canisters. Canister smart contracts can now create Bitcoin addresses, send, and receive Bitcoin, eliminating the need for “wrapped Bitcoin” when transferring BTC between blockchains.
Used on blockchain bridges as a quasi-bitcoin token, Wrapped Bitcoin has not proved to be the safest solution due to the frequency of bridge hack attacks. Chainalysis, a blockchain data intelligence platform, reported that $2 billion worth of crypto had been stolen on cross-chain bridges.
On the heels of these three critical developments – smart contract outcalls to web 2.0, integration with the Bitcoin network, and the ability to issue permissionless governance tokens – a bottoming process could be in the works for ICP.
Also Read:
- Dfinity opens the ETH bridge to connect its ICP innovation
- Bitcoin, Ethereum, Internet Computer Coin, and Filecoin Daily Price Analyses – 27 May Roundup
- Is ICP Crypto A Good Investment?
Conclusion
Internet Computer Project maintains its integrity. It would be vital to state that for the platform to surge on the exchange chart following the price increase and decline along with its market capitalization, clients must place their trust in it. By conducting your own research and studying Internet Computer’s technical analysis, you must make sure that you are consistently following internet computer forecasts, viewing the daily cryptocurrency values, and purchasing ICP coins. In reality, ICP is also gaining notoriety in the public eye as a vital participant in the blockchain business because of community tie-ups with colossi like Aspect Ventures, Polychain Capital, and Scalar Capital.
The overall health of the cryptocurrency sector will significantly impact the future of the internet. You must be sure that your investment approach is sound regarding ICP. This form of investing is inappropriate for people with an asymmetrical risk profile. It is still a great investment for individuals with a high-risk tolerance and sound financial standing. Along with being speculative, ICP exposes users to global technology and a dynamic ecology. Most Internet computer price predictions indicate a bullish long-term investment.
Be sure to do your own research and get professional investment advice. Remember never to invest more than you can afford to lose.
