blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

ICP Price Prediction: Is Resurgence of ICP Possible?

Shayan Chowdhury by Shayan Chowdhury
August 21, 2022 - 11:08 am
in altcoins news, Market, sticky
0
ICP Price Prediction
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • 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.

CryptocurrencyInternet Computer
Ticker SymbolICP
Price$6.3
Price Change 24H-3.22%
Price Change 7D+3.17%
Market Cap$1,630,682,641
Circulating Supply255,311,015 ICP
Trading Volume$68,798,402
All-Time High$750.73
All-Time LowNo Data
Internet Computer ROINo 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. 

Registration is LIVE for the #Supernova Global #InternetComputer hackathon. 🚀

Up to $6 million in prizes, grants and seed funding will be awarded to projects in Web3, DeFi, NFTs, gaming, metaverse, & more.

Join the largest hackathon in blockchain today: https://t.co/s62qWuPl09 pic.twitter.com/7goe0cBJpa

— DFINITY (@dfinity) April 12, 2022

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. 

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.

ICP Price Prediction

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. 

Tags: AltcoinsCryptoCryptocurrencyMarket
ShareTweet
Shayan Chowdhury

Shayan Chowdhury

Shayan Chowdhury is a freelance writer and digital nomad. He loves thinking, learning and writing about the crypto space. He is a crypto enthusiast who has gathered 3 years of writing experience. Through his in-depth research about the Web3 and analysis, he delivers high-quality engaging articles with clarity.Besides being a skilled journalist, he is a professional video editor. In the era of blockchain, he aspires to touch overwhelming success. He now works for BlockchainReporter as a news writer.

Recommended For You

Building a Better Metaverse: The Importance of Liquidity in Digital Asset Trading

by Wayne Jones
February 6, 2023 - 4:04 pm
0
metax metaverse binance cloud

MetaX, a digital asset exchange powered by Binance Cloud, aims to play a role by providing a platform with one of the largest liquidity pools in the world.

Read more

Binance Launches Tax Reporting Tool to Aid Crypto Users on Upcoming Tax Season

by Samuel Edyme
February 6, 2023 - 2:11 pm
0
Binance

While the reporting of tax can be quite stressful, Binance has come to the aid of crypto users by launching a tax reporting tool called ‘Binance Tax.’ 

Read more

Hodlnaut Sees New Potential Buyers

by Kester Odero
February 6, 2023 - 10:30 am
0
Hodlnaut

Holdanut could be selling amid post FTX crisis. Potential buyers have presented an affidavit to judicial managers on the acquisition deal.

Read more

OKX Occupies 2nd Spot in Transparency, Says Coinglass

by Umair Younas
February 6, 2023 - 10:00 am
0
OKX

Coinglass discloses that the second spot has witnessed OKX for a short time. Nonetheless, Bitfinex remained successful in outperforming its rival.

Read more

South Korea’s Financial Services Commission Issues Guidance on Security Tokens

by Mushu Butt
February 6, 2023 - 9:36 am
0
FSC

South Korean regulator has issued guidelines about which types of digital assets would be classified and regulated as securities in the country.

Read more
Next Post
Ethereum

Ethereum Remains Low Despite the Merge Getting Closer

PARTNERS LIST

PRESS RELEASE

The Future of DAOs Takes Center Stage in Tel Aviv

by chainwire
February 6, 2023 - 8:00 am
0

Tel Aviv, Israel, 6th February, 2023, ChainwireThe DAOVOZ collective is excited to announce the inaugural DAOVOZ Tel Aviv event on...

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023 - 3:38 pm
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

Snowfall Protocol

Joe Biden Reveals Game-Changing Crypto “Roadmap” after $2 Trillion Bitcoin (BTC) and Ethereum (ETH) Crash! Snowfall Protocol (SNW) Still the Top Pick for 2023

by Josh Fernandez
February 2, 2023 - 9:23 am
0

A perennial problem that has dogged the crypto world – and one that Snowfall Protocol (SNW) aims to address –...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.