ICP Price Prediction 2022-2031: Is Internet Computer Resurgence Possible?
ICP Price Prediction 2022-2031
- ICP Price Prediction 2022 – up to $4.82
- ICP Price Prediction 2025 – up to $16.4
- ICP Price Prediction 2028 – up to $50.06
- ICP Price Prediction 2031 – up to $149.95
Internet Computer is the first cryptocurrency backed by a protocol and so, many crypto experts believe that 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. This ICP Price Prediction will help us sail calmly in this turbulent 2022 weather.
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 make resurgence possible.
Today’s Internet Computer price is $5.99 with a 24-hour trading volume of $46,840,302. Internet Computer is down 0.82% in the last 24 hours. The current CoinMarketCap ranking is #36, with a live market cap of $1,568,161,103. It has a circulating supply of 261,901,939 ICP coins and the max. supply is not available.
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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.
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 a lot of funds from investors 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.
DFINITY was founded by Williams 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, 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
Since the end of 2021, ICP has been making development after development, and it is becoming quite challenging to track them. One such development is the smart contracts running on ICP, passing the 16,500 mark, its highest ever; this signifies the growing developer activity on the network. The official Twitter page recorded the milestone on 4 January 2021 while writing this article.
One of the latest developments of ICP was announcing a Ledger Internet Computer app launch. It was announced on 3 December 2021, and it would allow for the Ledger wallet to be compatible with the Internet Computer token. Basically, the Ledger wallet now supports ICP tokens.
Also, 4 November 2021 was another day of development for Internet computers. They announced a partnership with Esports to launch an internet computer gaming program based on blockchain technology.
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 will be able to 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 Computer 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.
After a correction on 6 January to below the $30 mark, on 28 February, the coin was trading at roughly $17.53. Will ICP start climbing again?
ICP Technical Analysis
ICP price analysis for November 11, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the ICP market. The price of ICP has remained negative over the past few hours. Today, the price crashed and went from $4.3 to $3.9. However, the market started to further decrease in value soon after, as the cryptocurrency already loses more of its value. Moreover, ICP has decreased and reached $3.9, just shying away from the $4 mark.
ICP price analysis reveals the market’s volatility following an increasing movement, which means that the price of ICP is becoming more prone to experience variable change on either extreme. The Bollinger’s band’s upper limit is $8.9, serving as ICP’s strongest resistance. Conversely, the lower limit of Bollinger’s band is $6.1, which is the strongest support point for ICP.
The ICP/USD price appears to be moving under the price of the Moving Average, signifying a bearish movement. Moreover, the market’s trend seems to have shown bearish dynamics in the last few days. As a result, the market has decided on a negative approach. However, yesterday the market broke, the market started opening its volatility, and the price started moving downwards.
ICP price analysis shows the Relative Strength Index (RSI) to be 35, signifying an undervalued cryptocurrency. This means that the cryptocurrency falls under the lower neutral region. Furthermore, the RSI path seems to have shifted to a downward movement. The decreasing RSI score also means dominant selling activities.
ICP price analysis reveals the cryptocurrency follows a strong downward trend with much room for further activity on the declining extreme. Moreover, the market’s current condition appears to be following a negative approach. Therefore, we can assume that the bears will start making their moves soon to maintain their control over the market.
ICP Price Predictions by Cryptopolitan
Our ICP Price Prediction shows that the maximum ICP price for 2022 is $4.82; huge profits in 2027 as the cryptocurrency could reach a peak price of $35.09, and in 2031, ICP can maintain an overall bullish trend leading to a peak price of $149.95. Most Internet computer price predictions indicate a bullish long-term investment. Let’s see how the price climbs in year-to-year predictions. Internet Computer is 99.43% below the all-time high of $750.73.
ICP Price Prediction 2022
According to our ICP price prediction for 2022, we anticipate a maximum price of $4.82 by the end of the year. A minimum price of $4.43 and an average trading price of $4.64 are also anticipated. Our Internet Computer price prediction predicts that the digital coin will trade at high prices if demand remains steady.
ICP Price Prediction 2023
ICP’s price prediction for 2023 by Cryptopolitan expects an overall bullish trend leading to a maximum price of $7.79, indicating a significant gain over the current price. We also anticipate a minimum price level of $6.32 and an average market price of $6.55. Their new developments and frequent updates could influence the price levels of the cryptocurrency.
ICP Price Prediction 2024
ICP is forecasted to attain a maximum price of $10.99 based on our ICP price forecasts for 2024. Investors can expect an average price of $9.8, with its lowest possible price set at $9.48. 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
Our ICP price prediction for 2025 anticipates ICP to reach a maximum price of $16.4 by the end of the year. A minimum price of $13.9 and an average price of $14.39 are expected. With a higher adoption of blockchain-based applications in the future, ICP could see an enormous increase in price.
ICP Price Prediction 2026
ICP is anticipated to have an overall bearish market based on our ICP price prediction for 2026, leading to a fall in maximum price to $24.26 and a minimum price of $19.92, respectively. An average market price of $20.5 is expected. Crypto volatility and market restrictions are forces that lead to these low prices.
ICP Price Prediction 2027
According to our ICP price prediction for 2027, ICP investors will record huge profits, as the cryptocurrency could reach a peak price of $35.09. Throughout the year, ICP is assumed to maintain an average price of $29.21 and a minimum price of $28.19. 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 $41.82 to a maximum of $50.06. The expected average price is $43.28. 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
According to our ICP price prediction for 2029, ICP will trade at a maximum price of $71.76, indicating a significant increase in the current price of up. The digital coin is expected to maintain an average trading price of $61.08 and a minimum price of $59.35 throughout the year.
ICP Price Prediction 2030
According to our ICP price prediction for 2030, ICP is predicted to attain a maximum price of $100.91. We also anticipate a significant increase in the price support level leading to a minimum price of $86.31 and an average market price of $88.75.
ICP Price Prediction 2031
ICP is predicted to maintain an overall bullish trend leading to a peak price of $149.95 based on our ICP price prediction for 2031. The price indicates a significant increase in the current market price. An average price of $134.05 and a minimum price of $129.61 is expected. The digital coin has huge potential that could attract many users, influencing these high prices.
ICP Price Prediction by Wallet Investor
ICP coin price forecast by WalletInvestor indicates that it is a poor long-term investment. In a year, the coin is predicted to decrease sharply, reaching $0.16. According to the website, the currency will finally resume its upward trend and fluctuate between $1 and $2 in 2024. The ICP price forecast from WalletInvestor for 2025 is worse; it anticipates a drop to $0.80 by the end of the year.
ICP Price Prediction by Digital Coin Price
According to DigitalCoinPrice, the price of an Internet Computer will increase steadily from $6.62 in 2022 to $9.77 in 2025. In 2030, according to its most distant ICP price projection, the coin is expected to trade for $23.28.
ICP Price Prediction by Trading Beasts
According to the TradingBeasts ICP coin price prediction, the coin will likely surpass $15 by 2024. It projects that the price of an Internet computer will be around $20 by the end of December 2025.
ICP Price Prediction by Industry Influencers
Bitcoin Renegade takes a look at some amazing ideas and claims of very important features that ICP is building to help fix the current system like direct integration of other cryptos. Being able to run other blockchains and Internet Computer on its own Web Cloud service on the blockchain like Ethereum is running 70% on AWS a centralized server and one day could run off of the Internet Computer. This capability also allows for storage on-chain as well and the IC is improving by leaps and bounds. Developers and artists alike are flocking to this Layer 1 that solves traditional problems like scaling and gas fees.
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 have a significant impact on the future of the internet. You must be sure that your investment approach is sound when it comes to ICP. For people with an asymmetrical risk profile, this form of investing is inappropriate. For individuals with a high-risk tolerance and sound financial standing, it is still a great investment. 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 to never invest more than you can afford to lose.
from Price Prediction – Cryptopolitan https://ift.tt/UWFa1Y4
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