$ICP

Internet Computer Protocol (ICP) is a cryptocurrency developed by the Dfinity Foundation, aiming to transform the internet into a global, decentralized computing platform.

Market Overview:

Market Capitalization: Approximately $4.71 billion, based on a circulating supply of 478 million ICP tokens.

Trading Volume: The 24-hour trading volume is around $120 million.

Recent Performance:

In 2024, ICP has demonstrated significant growth, integrating Decentralized AI (DeAI) to enable AI models to run directly on-chain, enhancing transparency and security in AI applications. Additionally, the protocol introduced Chain Fusion, fostering seamless interoperability between major blockchains like Bitcoin, Ethereum, and Solana, further enhancing liquidity and cross-chain functionality.

Technical Analysis:

Recent technical analysis indicates that ICP's price bounced off a support level at $6.80 and has broken above the $9.00 resistance, suggesting a potential bullish trend.

Future Projections:

2025 Forecast: Analysts predict that ICP could reach approximately $20 by the end of 2025, driven by technological advancements and increased adoption.

2030 Forecast: Long-term projections estimate that ICP may trade between $50 and $100, contingent on the broader adoption of decentralized internet solutions and the project's execution of its roadmap.