This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
Cashless payments are quickly becoming a new norm for many people globally. It offers convenience to the consumers since they won’t have to carry cash all the time. Many people anticipate the growing dependence on cashless payment, which means that cryptocurrencies can see a rise in demand.
As a result, it will push the prices of various coins up. For now, most people see cryptocurrencies as an investment tool that allows them to make short- and long-term profits. Therefore, investors continue to search for coins that offer them a decent return in the coming years.
Coins like Internet Computer ICP can potentially help investors earn a decent return. One thing that you need to keep in mind when investing in the crypto space is that you need to conduct thorough research and do technical analysis. It will help you to make the right investment decisions.
This article will give you a price prediction analysis for the ICP coin. It will help you understand how the price of the ICP coin will play out in 2023, 2024, 2025, and 2030. Let’s start by getting a basic overview of this coin.
Table of Contents
- Internet Computer (ICP) Overview
- Internet Computer (ICP) Price Prediction 2023
- Internet Computer (ICP) Price Prediction 2024
- Internet Computer (ICP) Price Prediction 2025
- Internet Computer (ICP) Long-term forecast 2030
- Internet Computer (ICP) Price Analysis
- Internet Computer (ICP) Prediction Conclusion
Internet Computer (ICP) Overview
The ICP project was announced in 2016 and was launched in December 2020. It raised more than $165 million upon its launch. This project attracted many investors, and cryptocurrency funds like Polychain Capital invested more than $102 million.
On September 21, 2021, the DFINITY Foundation announced that it had partnered with Bitcoin. This will allow its smart contracts to directly operate on the Bitcoin blockchain. On August 4, 2022, DFINITY released the beta version of its Bitcoin API, which will allow its smart contracts to directly integrate with the Bitcoin network.
On July 13, 2022, DFINITY announced that the Internet’s blockchain had reached one billion blocks. On August 13, it noted that the International Consortium had surpassed 100,000 canisters.
The Internet Computer price is currently at around $4.17 USD. Its market cap is $1,087,021,519, and its circulating supply is 273,027,975. The ICP token is currently ranked at #39 and has the potential to reach a maximum value of $11.33 by December 31, 2023. Additionally, experts predict it ought to reach a minimum value of $9.10 during the same period. The average value of trading for ICP during this period is expected to be around $9.44.
Though the coin has seen a drastic fall in its value from its launch, experts believe it has the potential to rise again. It has helped many short-term investors earn a good investment return. So, if you are interested in making a profit in the short term, you need to keep an eye on the ICP coin.
However, most crypto coins, including the ICP, will likely benefit investors if they have a long-term investment plan for it. Let’s go over the price forecast of the ICP coin in the next few years to give you a slight idea about it.
Internet Computer (ICP) Price Prediction 2023
Experts believe that the bearish trend is likely going to continue throughout 2022. There is a good chance that they might see a bear run in the Q1 and Q2 of 2023. If that happens, the minimum level the ICP coin can reach is $13.80 in 2023.
However, positive market sentiments and other factors can help the ICP coin’s value reach a maximum of $16.25. The experts believe the average price range for the ICP coin is around $14.40 to $14.50. A vital thing to remember is that these prices are subject to change due to the high volatility.
As an investor, you should not base your investment decisions or strategies solely because of these price predictions. Keeping an eye on the changing market indicators is vital since it will help you know how the ICP coin’s price will react.
Internet Computer (ICP) Price Prediction 2024
There is a good chance that they might see wider adoption of blockchain technology and cryptocurrencies. As a result, the demand for the various coins can increase. The ICP coin can also see an increase in its value as the crypto coin becomes more and more popular.
According to our various price prediction tools, the average trading value of the ICP coin is likely to stay around $20.60 throughout 2024. The ICP coin can reach a maximum value of $24.36. On the other hand, the price can touch the minimum level of $20.04 if the market is bearish.
Internet Computer (ICP) Price Prediction 2025
Our deep technical analysis and market research shows that the average trading price of the ICP coin will stay around $31.10 throughout 2025. Positive market sentiments can help the coin reach a maximum value of $35.10, whereas a bearish trend can push the ICP coin to a minimum of $30.32.
Internet Computer (ICP) Long-term forecast 2030
The high volatility and unpredictability make it difficult to forecast a crypto coin’s price for an extended period. Factors like market conditions, investor confidence, etc., impact the coin’s value. Since there are continuously changing, getting a long-term forecast for crypto coins becomes almost impossible.
Nevertheless, they have analyzed the projections from various price prediction tools to give you a slight idea. The average trading price of the ICP coin will stay in the range of $181 to $182 by 2030. It can reach a maximum level of $218 or fall to the minimum level of $174.
It is best to have a long-term policy, regardless of the crypto coin you want to trade. This way, you can enjoy a good return on your investment.
Internet Computer (ICP) Price Analysis
One thing you need to remember is that the ICP coin is relatively new to the market, and it has constantly seen a drop in its value. The coin was listed on Coinbase’s exchange on May 10th, 2021, reaching an all-time high value of $750.73 on the same day.
But the coin’s value plummeted the next day and fell to $250. While the crypto coin’s price did see a massive gain the next day and reached $490, it later plummeted and hit an all-time low on May 19th. On May 20th, the price shot up again to $223, but it continued to trade in between $120 to $150.
Within 18 days after its launch, the ICP coin had lost more than 75% of its value and fell below the resistance level of $120 on May 28th. Since then, the ICP coin has gradually declined its value, and its price dropped to less than $20 by December 2021.
Though the ICP coin did see a downward trajectory, it did find strong support at $6.67. The coin’s value surged by about $10 but couldn’t maintain the bearish trend. Soon, the crypto coin started to trade between the support level of $6.67 and the local high at $10.00.
The ICP coin is currently traded within this price range, and favorable market sentiments can help the coin to reach the $10 mark. However, it is vital to keep an eye on the changing market dynamics to know about the possible changes in the ICP coin’s price.
The Internet Computer token, also known as ICP, is mainly used for the processing of the network’s power. As of October 19, 2022, the total supply of the cryptocurrency was 488.5 million. Of these, 268.41 million were in circulation.
The Internet Computer token is a reward for its users, who play a vital role in the network’s functions. On May 10, 2021, the price of the Internet Computer was at $750. It then dropped to $364.79 the following day. Despite the price’s gains, it was unable to hold onto its gains due to a sharp sell-off in the cryptocurrency market. On May 19, the price of the token went below $100.
In July 2021, the Internet Computer price was at around $27. It then fell to $24.43 by the end of the year. During a September crypto rally, the price of ICP increased to $86.86, but it then fell back to around $27.
On January 5, 2022, the Internet Computer token price rose to around $36.73. However, it then fell into a negative trend and traded down to $5.14 on June 18, 2022. On July 31, 2022, the token went back up to $9.77, and it had been continuously rising throughout the year.
The price of the Internet Computer dropped to around $8 in August and then to $6 throughout September. As of October 19, 2022, it was trading at around $4.92.
Internet Computer (ICP) Prediction Conclusion
While the ICP coin has seen a drastic fall in value, experts are optimistic about its growth in the future. However, it is vital to monitor the changing market dynamics to leverage them. Economic factors and other elements can change the direction of the coin’s value, and it might see a rapid rise in a short time.
It is best to have a short and long-term strategy to make the most out of the ICP coin. Since the crypto markets are riskier than other investment options, you need to have a clear strategy regarding when to enter or exit the market.
Let’s review some of the questions about the ICP coin.
Will Internet Computer (ICP) be able to hit the $100 mark by 2025?
The drastic fall in the ICP coin’s value over the last few years makes it difficult for the coin to hit the $100 mark by 2025. Various experts and price prediction tools indicate the ICP coin’s price will reach $35.10.
What will be the total valuation of Internet Computer (ICP) in the next ten years?
There is a chance that the ICP coin will reach the value of $190 in the next ten years. However, these are speculations, and investors should not base their investment decisions solely on these price projections.
Is the future of Internet Computer (ICP) bright?
Many experts believe that the ICP coin can see a rebound, and its value can reach the $190 mark in the next ten years.
Is it worth it to invest in Internet Computer (ICP)?
The high volatility makes it difficult to tell whether or not it is worth investing in the ICP coin. Investors should have a clear investment strategy before they dive into the crypto market.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.Read More