ICP Price Prediction 2023-2032
- ICP Price Prediction 2023 – up to $5.65
- ICP Price Prediction 2026 – up to $18.31
- ICP Price Prediction 2029 – up to $60.06
- ICP Price Prediction 2032 – up to $194.12
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 today, the price of Internet Computer (ICP) stands at $4.095, accompanied by a 24-hour trading volume of $39.26 million. Its market capitalization amounts to $1.79 billion, and it holds a market dominance of 0.15%. Over the past 24 hours, the ICP price has decreased by -2.69%. Currently, the sentiment for price prediction of Internet Computer is bearish, while the Fear & Greed Index indicates a reading of 57, indicating greed in the market sentiment. Within the Layer 1 sector, Internet Computer holds the 19th position in terms of market capitalization. The circulating supply of Internet Computer is currently 437.74 million ICP out of a maximum supply of 488.51 million ICP. The yearly supply inflation rate is 76.23%, indicating the creation of 189.35 million ICP in the past year.
ICP price analysis: ICP/USD obtains negative momentum at $4.095
- ICP price analysis is bearish today.
- The strongest resistance is present at $4.425.
- ICP/USD is trading at $4.095 at the time of writing.
On July 16, 2023, a comprehensive examination of the digital currency Internet Computer (ICP) revealed an unfavorable trend. Within a specific timeframe, the value of ICP experienced a significant decrease, going down from $4.285 to $4.083. This decline indicated a promising direction for ICP, which consequently sparked increased selling activity among market participants. Prior to this sudden drop, the overall market sentiment had predominantly favored negative outcomes, and the abrupt price surge heightened pessimism among investors. However, as the price approached the critical threshold of $4.100, signs pointing to a potential downturn emerged, leading to the stabilization of the price at around $4.095. It is crucial to exercise caution when interpreting these findings, given the inherently volatile and dynamic nature of the cryptocurrency market.
Internet Computer (ICP) exhibited an unfavorable trend. Within a specific timeframe, the value of ICP experienced a notable decrease, dropping from $4.285 to $4.083. This decline initially indicated a promising direction for ICP, triggering an increase in selling activity among market participants. Prior to this sudden drop, the overall market sentiment had predominantly favored negative outcomes, which was further amplified by a sudden price surge, intensifying pessimism among investors. However, as the price approached a critical threshold at $4.100, indications suggesting a potential downturn began to emerge. Subsequently, the price stabilized around $4.095. It is crucial to approach these findings with caution, considering the inherent volatility and dynamic nature of the cryptocurrency market.
ICP price analysis for 1-hour: Recent developments
Based on the available market analysis, the Internet Computer (ICP) cryptocurrency has demonstrated decreased volatility, indicating a limited potential for significant price fluctuations. The optimistic market sentiment surrounding ICP has contributed to its downward trajectory. Notably, the Bollinger Bands, a commonly used technical analysis tool, have identified a strong resistance level at $4.195, which presents a substantial barrier to further price appreciation. Conversely, the lower support level at $4.089 provides stability and acts as a protective threshold against potential price declines. Given the prevailing bearish market conditions, the current price of ICP/USD remains below the Moving Average (MA) indicator. Moreover, following the recent price crash, there exists a possibility of the price surpassing the MA band, potentially indicating a reversal in the market trend.
Based on the analysis, the current Relative Strength Index (RSI) of Internet Computer (ICP) is noted to be 34, indicating an unstable market situation. This places ICP within the inflation zone, indicating an imbalance between buying and selling pressures, albeit with a slight inclination towards selling activities. The decreasing trend in the RSI signifies an upsurge in bearish sentiment, suggesting that selling pressure currently outweighs buying pressure. These observations suggest a generally negative sentiment towards ICP and imply the potential for further downward price movement.
ICP 1-day price analysis: ICP is negative at $4.095
The analysis indicates that the Internet Computer (ICP) cryptocurrency is currently characterized by considerable market volatility, suggesting a high probability of sudden and substantial price fluctuations. This implies that the price of ICP can experience rapid and significant changes within a short timeframe. It is important to note that the upper boundary of the Bollinger Bands, set at $4.425, acts as a formidable resistance level, posing challenges for ICP’s price to surpass it and maintain an upward trend. Conversely, the lower boundary of the Bollinger Bands, located at $3.926, provides strong support, offering a level of defense against significant price declines. These findings underscore the potential for both upward and downward price movements in the future for ICP, while emphasizing the crucial resistance and support levels that can greatly impact its trajectory.
According to the analysis, the current price of Internet Computer (ICP) is experiencing a downward trend, with ICP trading above the Moving Average (MA). This indicates a prevailing bullish sentiment in the market and suggests a decline in momentum for ICP. The negative market sentiment surrounding ICP has contributed to the decrease in its price. However, as the price nears the Moving Average band, there is a possibility of a potential reversal, which could lead to a significant price movement for ICP. It is crucial to closely monitor market conditions and consider additional indicators to gain a comprehensive understanding of the potential future direction of ICP, given the inherent volatility of the cryptocurrency market.
According to the analysis, the current market condition of Internet Computer (ICP) can be described as relatively stable, with an RSI value of 45. This places ICP within the neutral zone, indicating a balanced equilibrium between buying and selling pressures. The downward trend observed in the RSI further supports the negative sentiment, indicating a prevalence of sellers over buyers in the market. This overall declining market sentiment for ICP at the current moment signifies a bearish movement.
What to Expect from the ICP Price Analysis
In conclusion, the analysis of the Internet Computer (ICP) cryptocurrency suggests a mixed market sentiment and potential for both upward and downward price movements. The current price of ICP has experienced a decline, with negative market sentiment prevailing. Various indicators, such as the RSI and Bollinger Bands, point to a bearish sentiment and the possibility of further downward price movement. However, it is important to consider the inherent volatility of the cryptocurrency market and closely monitor market conditions for a comprehensive understanding of ICP’s future trajectory.
ICP Price Prediction 2023-2032
| Year | Minimum | Average | Maximum |
| 2023 | $4.95 | $5.11 | $5.65 |
| 2024 | $7.15 | $7.35 | $8.55 |
| 2025 | $10.81 | $11.10 | $12.75 |
| 2026 | $15.42 | $15.98 | $18.31 |
| 2027 | $23.03 | $23.67 | $27.08 |
| 2028 | $36.22 | $37.16 | $40.62 |
| 2029 | $50.96 | $52.45 | $60.06 |
| 2030 | $75.60 | $77.70 | $89.08 |
| 2031 | $109.79 | $112.90 | $133.50 |
| 2032 | $159.52 | $164.03 | $194.12 |
ICP Price Prediction 2023
ICP price prediction 2023 foresees a predominantly bullish trend, resulting in a substantial increase from the current price. The maximum price is estimated at $5.65, indicating a significant gain. Conversely, the minimum price is expected to be $4.95, while the average market price is predicted to be around $5.11.
ICP Price Prediction 2024
ICP price prediction 2024 is forecasted to attain the highest price of $8.55 based on our Internet Computer price forecast for 2024. Investors can expect an average forecast price of $7.35, with its lowest possible price set at $7.15. If ICP seals new partnerships with other major blockchain networks, investors will have easy accessibility to the token, thereby increasing its adoption and market price.
ICP Price Prediction 2025
Based on our ICP price prediction 2025, we predict that the value of the cryptocurrency ICP will reach a peak of $12.75. We anticipate that the lowest value of ICP will be $10.81, with an average value of $11.10. However, if there is a wider adoption of blockchain-based applications in the future, there is a possibility for ICP to experience a substantial surge in price.
ICP Price Prediction 2026
Based on our ICP Price Prediction 2026, we predict that the ICP cryptocurrency will experience a bullish market trend in 2026, which could result in a significant increase in its price. According to our ICP price prediction, the cryptocurrency could potentially reach a maximum price of $18.31, which would represent a substantial increase from its current trading price. Additionally, we anticipate that the minimum price for ICP in 2026 could be around $15.42. We also expect the average market price for ICP to be around $15.98, which could be a promising sign for investors who are bullish on this cryptocurrency.
ICP Price Prediction 2027
According to our ICP price forecast 2027, ICP investors will record huge profits, as the cryptocurrency could reach a peak price of $27.08. Throughout the year, ICP is assumed to maintain an average price of $23.67 and a minimum price of $23.03. Due to reduced fees, transparency, security, as well as faster transactions, ICP could witness a surge in price.
ICP Price Prediction 2028
Based on our ICP price prediction for 2028, ICP could trade between a minimum price of $36.22 and a maximum price of ICP Token of $40.62. The expected average price is $37.16. Being one of the best-performing digital coins in the crypto market, there would be a huge demand for the token in the future, leading to a massive increase in price.
ICP Price Prediction 2029
Our ICP price forecast for 2029 suggests that the cryptocurrency could potentially trade at a maximum price of $60.06, representing a significant increase from its current price. We also anticipate that the average trading value for ICP will be around $52.45, with a minimum price of $50.96 throughout the year.
ICP Price Prediction 2030
Based on our ICP price prediction 2030, the price trend of ICP indicates a potential maximum price of $89.08 by the year 2030. This projection takes into account various factors, including the current market performance, adoption rate, and advancements in the cryptocurrency industry. Additionally, we anticipate a notable increase in the price support level, which could result in a minimum price of $75.60 for ICP. On average, we predict the market price for ICP to be approximately $77.70.
ICP Price Prediction 2031
Our ICP price prediction 2031 suggests that the price of ICP is likely to exhibit a positive trend, ultimately reaching a peak price of $133.50 by 2031, representing a significant rise from the current market price. We predict that the average price will be $112.90, with a minimum price of $109.79. The immense potential of digital currency could attract a large number of users, leading to the observed high prices.
ICP Price Prediction 2032
According to ICP price prediction for the year 2032, the cryptocurrency is expected to experience significant growth and remain bullish throughout the year, with numerous upward fluctuations. As per this forecast, the maximum price of ICP is $194.12, while the average trading price is expected to be around $164.03. Additionally, the minimum expected price of ICP in 2032 is predicted to be $159.52.
ICP Price Predictions by CoinCodex
According to the current Internet Computer price prediction, analysts expect a -3.01% decrease in value, with Internet Computer reaching $3.86 by June 22, 2023. Technical indicators suggest a bearish sentiment, while the Fear & Greed Index shows a neutral reading of 47. Over the last 30 days, Internet Computer has experienced 12 out of 30 green days (40%) and exhibited price volatility of 11.04%. Given the forecast, it is currently not considered an opportune time to buy Internet Computer. In the best-case scenario, if Internet Computer follows a growth trajectory similar to Facebook, the price prediction for 2026 could reach $188.71. However, if Internet Computer follows a growth pattern similar to the Internet’s overall development, the prediction for 2026 would be $21.65.
ICP Price Predictions by Wallet Investor
Wallet Investor’s analysis suggests a depreciating future price for Internet Computer (ICP) and considers it a high-risk investment option. According to their forecast, the price of ICP may decline significantly, potentially reaching around $0.183 by the end of the year. This implies a substantial devaluation of your current investment. It’s important to carefully consider the risks and conduct further research before making any investment decisions regarding Internet Computer.
ICP Price Predictions by Digital Coin Price
According to the price prediction from Digital Coin Price experts, they anticipate a long-term increase in the price of Internet Computer (ICP). By the end of this year, they expect the price to rise above $10. Looking further ahead, their forecast for 2026 suggests a price of around $23.43 for ICP. This projection indicates the potential for a profitable investment in Internet Computer. However, it’s important to note that cryptocurrency markets can be highly volatile, and these predictions are subject to market conditions and other factors that may influence the actual price movement of ICP.
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.
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.
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.