ICP Price Prediction20 days ago by Anna Key
- The highest ICP price in 2021 is predicted to be around $197.
- The lowest expected ICP price is $32.
- Analysts' Internet Computer price prediction ranges from $30 to $200.
Founded in 2016 Internet Computer blockchain-powered public network aims to expand the public internet to the point where it becomes the world's computer firm.
It’s based on key Chain technology that includes numerous other advanced technologies such as Novel Consensus, Non-interactive distributed Key Generation, Network Nervous System, Internet Identity, and much more. At the initial stage, the project received a total of $121 million of contributions from known names in the crypto community.
At the moment it's the first blockchain running on web speed and having no bounds. ICP price prediction is tightly connected with security protocols and advanced algorithms. Internet Computers make the creation of internet services in a new way by using autonomous software.
In 2018 the mother company Definity launched Internet Computer alpha mainnet. The decentralization was complete in 2021 when all the Internet Computer’s source code was released into the public domain. At the moment the ICP is supported by 48 independent data centers that all together run about 1300 nodes.
ICP Summary
Cryptocurrency Name: Internet Computer
Ticker Symbol: ICP
Price: $43.94
Market cap: $7,562,829,203
All-time high: $737.20
All-time low: $20.08
What is ICP token?
ICP token is a native utility coin of the blockchain, that allows holders to govern the ICP network. It also provides a new way of creating tokenized internet service, decentralized financial systems, and even traditional enterprise systems.
The token allows the developers to create websites, internet services, IT systems, and DeFi applications just by installing their code directly on the public internet. ICP also is a source store of value that can be converted into cycles being fuel and burn after usage. The coin is also used to reward users that are essential for the network’s activity.
ICP Coin Price Analysis
According to the recent data, Internet Computer is trading for $44.72 and the market cap is $7,500,504,540 and the coin has been up 2% in the last 24h. At the beginning of September, the token was showing steady growth that created a lot of Internet Computer Price Prediction dreams and conclusions, concluding that the price might reach $100 by the end of the month.
Even though the coin has a negative ROI, there is a potential for improvement. At the same time, the token’s price went through the downfall of 85% from its all-the-time-high. In the middle of the month, the coin had bullish moments but then got back to the downtrends.
ICP Price Prediction: Analysts' Price Forecasts
According to the Forecast System of Walletinvestor, which is mainly based on the historical data of the token and smart technical analysis, Internet Computer Price Prediction is not quite positive and the token is considered as a bad one-year investment option.
As the asset’s price was going through bearish tendencies it’s most likely that the trend will stay negative in the future. So it’s advised by the portal not to invest in ICP unless the trader has enough experience to trade on a bearish market. Walletinvestor’s AI analyst expects the ICP price to decrease 92% in 1 year and to keep losing its value a minimum 80% every year after.
It’s not the only portal seeing Internet Computer price prediction in a negative light. According to Gov.Capital data ICP token have experienced a downtrend for the last 12 months and it is mainly explained by the decreased popularity of this market segment. The Deep Learning algorithm analyses volume and price changes, market cycles, and the tendencies of the similar projects’ tokens, and according to its conclusion the token will lose 100% of its value in 1 year period.
Digitalcoinprice though has a different concern about ICP Price Prediction and finds it possible for the price to reach $197. According to its prediction algorithm and technical analysis, the token price will be going up and doesn’t show the signs of being downtrend. The portal expects the price to almost double in one year and reaches up to $88 and also it predicts the price to overreach $200 in 7 years.
TradingBeasts provide a “middle-ground” Internet Computer price prediction based on the history of the token’s price and the combo of linear and polynomial regressions. According to these data in 1 month the coin price will decrease and stay on the level between $32-$47 with the most likely price of $37.
After one year though the price prediction seems optimistic as the portal expects ICP to be traded for a minimum of $70 and a maximum of $102, which makes it look like a profitable short-period investment. A further meaningful increase in value is not expected until 2024 when the token, according to the prognosis, might cost up to $164.
ICP Price Prediction 2021
The price of ICP Token in 2021 will depend on the upgrades, development, and changes in the Internet Computer Network and at the same time how those updates will be adopted by the community.
At the moment most of the charts show lower lows and lower heights forming a bearish pattern of the coin movement. This means the possible fall of the coin if the tendency will not change in the near future. But the coin can overcome the difficulties and go into the bullish run. If it happens the coin might cost up to $116 by the end of this year.
ICP Price Prediction 2022
There is no unambiguous Internet Computer price prediction for the next year, but if the asset will manage to keep it bullish, the cost can reach $200 as soon as the end of 2022.
As there are new developments and partnerships planned for the next year for the network, it can support the price growth and help it to reach $200 in the most optimistic scenario. A more moderate approach shows that the coin price will most likely take the position of $116. The negative prognosis is for the ICP price to drop below $0.
Internet Computer Price Prediction 2023
If the trend for ICP stays bullish the crypto can reach as far as $350 if first of all, it breaks through the resistance level, which is possible if the developers continue the hard work on the project. More realistic concerns suggest the ICP price around $140 by the end of 2023.
ICP Price Prediction 2024
If the development process for the Internet Computer continues it might boost the price, according to the most optimistic ICP Price Predictions up to $500. It might be possible because the company already has the plan for further progress and if everything goes close enough to the plan the price can reach around $170. If the coin will not sustain the resistance level though, the price can go down.
Internet Computer Price Prediction 2025
2025 can be a successful year for the token if the project will keep the focus on educational, outreach, and innovative ways of developing the price could go up. According to different sources, it can reach new ATH from $270 to $720. This makes ICP a potentially profitable long-term investment.
ICP Price Prediction 2030
There is a big opportunity for the ICP token to increase its price in the long-term perspective. if it will manage to strengthen investors' trust in it. Different analysis tools predict different but mainly bullish futures for the token. According to different IPC price predictions, its price in 2030 might reach from $310 to $1600
Conclusion
ICP token is still new on the market but had already gained community interest, mainly because of the large team of qualified professionals working on the project
As it is a great tool for the developers to generate DeFi Apps it’s very likely that with the coming updates the project will gain more recognition. Internet Computer price prediction will also depend on the general tendencies of the crypto market. Also, the key point is how the project team itself will manage to follow up with the plan they set for themselves. If it goes smooth and investors keep showing a lot of trust in the project it can become a very profitable long-term investment.
FAQ
What Will ICP Worth in 2021?
Relying on ETH price prediction its price will reach $116.
What Will ICP Coin Price be in 2021?
According to the most expected scenario, the ICP coin price at the end of 2021 can be from $32 to $47.
Will ICP reach $1000?
It’s a possible scenario from a long perspective. Technical Analysis shows that ICP prices can reach $1000 in about 8 years. And overreach it by 2030.
Will The ICP Token Go Up?
That’s the most anticipated Internet Computer price prediction. The token will most likely go up in the long term and it might increase its value soon if it manages to overcome the resistance level.
Though, most of the analytics are concerned that in a long run ICP token will develop and grow in price.
Is ICP a Good Investment?
According to the technical analysis data, ICP is considered as a bad short-term investment and potentially very profitable long-term investment.
What is the ICP Price Prediction on Reddit?
Reddit users don’t have a single opinion for the ICP token. Some think that it will keep falling till it will reach the bottom of $1 or lower and that the project has no future. At the same time, there are users believing in the project and expecting the token to reach up to $17,000.