- Internet Computer (ICP): Reliance And Transparency
- Internet Computer (ICP): The Vision
- ICP Price Prediction: Price History And Technical Analysis
- ICP Price Prediction: From Industry Influencers
- Is ICP A Good Investment? When Should You Buy?
- Conclusion
Our ICP price prediction says if ICP successfully targets users worldwide on centralized systems, we could see the ICP coin move.
The Internet is the ultimate king in this era. A mammoth data exchange transpires on various servers, and the information business only relies on the data presented. Internet computer is highly scalable, and it runs at web speed. Let’s check out our ICP price prediction to know more about ICP, and its offering, explore ICP developments, ICP price prediction, average trading price, ICP price analysis, and decide whether it deserves a place in your investment portfolio.
Internet Computer (ICP): Reliance And Transparency
Cryptocurrencies are a massive success, but it also brings a loss situation paradigm for some users. Internet Computer gained popularity right after its launch because of its fast transaction speed, increased scaling, and lower computing costs. As a result, ICP allows users to work on a decentralized network, unlike other blockchains on the cloud.
ICP price prediction guide will uncover everything you need to know about Internet Computer and their features. Internet Computer gained much popularity right after its launch because of its fast transaction speed, increased scaling, and lower computing costs. ICP also partnered with Ledger to expand its developments further. As a result, the ICP protocol allows users to work on a decentralized network, unlike other blockchains on the cloud. Let’s check out ICP’s current details to clarify our ICP price prediction better.
| Cryptocurrency | Internet Computer |
| Ticker Symbol | ICP |
| Price | $6.3 |
| Price Change 24H | -3.22% |
| Price Change 7D | +3.17% |
| Market Cap | $1,630,682,641 |
| Circulating Supply | 255,311,015 ICP |
| Trading Volume | $68,798,402 |
| All-Time High | $750.73 |
| All-Time Low | No Data |
| Internet Computer ROI | No Data |
Internet Computer (ICP): The Vision
Internet Computer was founded and developed by a non-profit organization called DFINITY. The organization was founded by Williams in October 2016, and it attracted a lot of attention for its innovative implementation of blockchain technology. The Internet Computer was launched in May 2021 by the foundation. ICP is the native token of the Internet Computer network. It allows its users to participate in the Internet blockchain protocol. Users also use ICP tokens to govern the blockchain network. The ICP protocol supports ICP, and transactions do not need network confirmation.
Let’s know some fundamental ecosystem technologies and projects that distinguish the Internet Computer.
- Chain Key Cryptography – Chain-key cryptography is the mechanism that has allowed the Internet Computer to scale to millions of nodes. It has allowed Internet Computer to provide a service that enables all devices, including PCs, laptops, cell phones, and smartwatches, to verify the authenticity using a single public key.
- Motoko – Motoko is an open-source programming language to create decentralized applications or smart contracts. It supports the programming design of the Internet Computer and allows it to benefit from the unique features of its blockchain. It ensures productivity and security by integrating arbitrary and fixed-precision arithmetic with automatic memory management, type inference, generics, and pattern matching.
- AstroX – ICP development team is focused on creating tools for the Web 3.0 ecosystem. Astro’s Dart agent accelerates the development of blockchain mobile applications on the Internet Computer protocol.Â
ICP network utilizes ICP tokens for network processing fees and staking. Through decentralized governance, ICP enables users to vote on token-related proposals. ICP network rewards model participants with ICP tokens. Following all the developments, our ICP price prediction expects a price surge of ICP soon.
ICP Price Prediction: Price History And Technical Analysis
Before we move to ICP price prediction, ICP’s price history is vital to know as we can get an idea of ICP’s past price potential and future roadmap. However, it is to be noted that price history does not guarantee ICP price prediction.
During ICP’s launch, it surged to $750 on its first day of trading and then dropped 90% of its value within a month. By 10 June 2021, ICP reached around $75. It continued its bearish move but at a less rapid pace. By the beginning of August, ICP gained support at the $30 level and stopped falling. It saw a bullish trend that month, peaking at $84.75 on 6 September. However, ICP performed bearishly for the rest of the months, and by 20 December, it touched its all-time low of $21.04 that year. This year ICP raced from $25.36 on 1 January 2022 to $36.55 in five days. But the excitement did not last long as the coin witnessed a sharp fall.
ICP is currently trading near $6.3 with a market cap of $1,630,682,641. This coin had been bearish since March, and it moved into oversold territory. According to our ICP price prediction, ICP may see more fall as it is building strong downward momentum. The Bollinger band’s upper limit is $9.4, which is a strong resistance. If the resistance level breaks, we can see a price up to $14. Conversely, the Bollinger band’s lower limit is $5.06. It is a strong support level as ICP’s all-time low lies here. If the support level breaks, we can see a price drop near $2.5. Our ICP price prediction says ICP’s price will drop further in the upcoming months as RSI and MACD are indicating a negative signal.
By 2022 end, ICP could see its price increase to $8.7 with other developments. The influence of manageability features with other powerful ad campaigns can boost ICP. Our ICP price prediction says that ICP can trade near $30 again in 2025. The year 2030 may bring a considerable hike in ICP price, and ICP can touch the $200 mark.
ICP Price Prediction: From Industry Influencers
According to Wallet Investor’s ICP price prediction, if you look for virtual currencies with good returns, ICP can be a bad and high-risk investment option. Internet Computer price is equal to $6.82, and your current investment may be devalued in the future as per ICP price prediction.
Trading Beast’s ICP price prediction says that the coin will be a good investment in the future. According to them, the Internet Computer Network is expected to have a minimum price of $8.61 with a maximum price of $12.66 by the end of 2022. The average price of the coin by that time is expected to be $10.13.
Is ICP A Good Investment? When Should You Buy?
According to our ICP price prediction, ICP can be a great investment option for the long term. But it is to be noted that this coin is bad for short-term investment. The future roadmap of ICP seems clear, and its trend line may turn bullish due to its developments. Our ICP price prediction suggests an entry point at $3.25 for a great return on investment.
Conclusion
The future looks promising for Internet Computer due to recent network developments. Furthermore, with advancements and updates to the Internet Computer (ICP) network, its performance would contribute to breaking the current all-time high record. ICP is backed by promising projects and an experienced team. Therefore, the long-term price projection for ICP price prediction looks optimistic. However, our ICP price prediction suggests that you should research ICP before investing in ICP’s volatility.
