$ICP

ICP is currently trading around $9.16, with a slight decrease of about 1.91% over the past 24 hours. The coin has shown significant movement over the past week, peaking at $10.14 after starting the week near $7.83. It boasts a market capitalization of $4.35 billion, with a 24-hour trading volume of $167 million.

ICP aims to transform the internet by allowing developers to build fully decentralized applications and services directly on the blockchain, eliminating reliance on centralized cloud services.

It supports decentralized social networks, gaming platforms, and financial services, providing users with ownership and governance capabilities via DAOs (Decentralized Autonomous Organizations).

The network introduces innovative features like canister smart contracts, which handle computational costs internally and support a “reverse gas” model, enhancing scalability and user experience.

ICP promotes energy efficiency, reducing the environmental impact compared to traditional blockchain systems.

Short-term Analysts predict a modest rise to around $9.18–$9.21 over the next month.

Mid-term ICP could see significant growth, with some forecasts projecting it to reach $23.95, representing a potential 164% increase.

The price is estimated to rise gradually, possibly reaching $12.30 as adoption of its decentralized infrastructure grows.

While the project shows strong long-term potential due to its unique Web3 capabilities, the cryptocurrency market remains highly volatile. Investors should weigh the risks and consider consulting financial advisors before investing.