The world of the Defis has been on a rollercoaster ride. With a myriad of projects debuting in the market to mark their foothold. Projects like Internet Computer (ICP) came with stupendous ideas of allowing the public to develop innovative Decentralized applications. This helped the protocol establish its reign in the industry.
Furthermore, its blockchain-based computer allocates and gauges smart contract computation and data collection at web speed. Besides, it also grossly oversimplifies the implementation and storage of information. And offers flexible software architectures to the ICP community’s programmers.
Are you one of the many who missed the bandwagon of Internet Computer’s historic price run, and have been analyzing the prospects? Look no further, as we decode the feasible ICP price prediction for 2024 and the years to come!
*The statistics are from press time.
Internet Computer Price Prediction March 2024
The Internet Computer price displayed a neutral trend for a while, following which it recorded a jump of over 21% in valuation. After achieving a top of $13.657, the bulls lost momentum and traded in a consolidated range between $11.871 and $13.033 for the next few days.
As the market volatility increased, the bulls successfully broke out of the range, after which the price traded between $13.033 and $13.966 for a brief period. The bulls then gained momentum and recorded a jump of 10%, following which it faced rejection at $14.664 and started trading under a bearish influence.
TradingView: ICP/USDT
After recording a loss of approximately 18%, the bulls have been trading in a consolidated range, indicating a cool-off in the price action.
The MACD shows a decline in the histogram, indicating a decrease in the buying pressure within in the market. Moreover, the averages display a bearish curve, highlighting a negative price action for the coin in the coming days.
If the market pushes the price above the resistance level of $13.033, the bulls will regain momentum and prepare to test its upper resistance level of $14.664 in the upcoming weeks. Conversely, if a trend reversal occurs, the ICP price will lose momentum and fall to test its lower limit of $11.871.
ICP Price Prediction 2024
The ICP price has displayed a notable run during the year 2023 by adding over 130% to its portfolio. The influx of safety and manageability features, coupled with intriguing ad campaigns, can elevate Internet Computer’s price to a notable extent.
In such a case, the price could propel to its potential high of $26.87. Conversely, a possible regulatory clampdown could dissolve the price to a minimum of $11.89. With this, the price is predicted to conclude the year with an average trading price of $19.38.
Internet Computer Price Prediction 2024 – 2030
Internet Computer Price Prediction 2025
The year 2025 could bring in a considerable price hike for the broader industry. Internet Computer developmental projects focusing on education, awareness, and technological prowess could escalate the cost to $34.63.
However, emerging rivals, stiffer competition, and a lack of fueling initiatives could drag the price to lows of $20.29. With this, the price would conclude the year with an average trading price of $27.46.
Internet Computer Price Prediction 2026
According to our analysts, Internet Computer price for the year 2026 could range between $26.26 to $43.05, and the average price of ICP could be around $34.65.
Internet Computer Price Prediction 2027
According to our analysts, ICP’s prediction for the year 2027 could range between $35.39 to $52.57, and the average Internet Computer coin price could be around $43.98.
Internet Computer Price Prediction 2028
According to our analysts, Internet Computer’s forecast for the year 2028 could range between $44.75 to $60.77, and the average ICP coin price could be around $52.76.
Internet Computer Price Prediction 2029
According to our analysts, ICP predictions for the year 2029 could range between $52.87 to $74.26, and the average PancakeSwap price could be around $63.56.
Internet Computer Price Prediction 2030
According to our analysts, ICP predictions for the year 2030 could range between $63.18 to $95.81, and the average Internet Computer price could be around $79.49.
What Does The Market Say?
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Bael calls Internet Computer Price Prediction
As per the formulated ICP price prediction by the expert panel of Bael calls. Considering the recent developments and the planned updates as per the roadmap.
The maximum price of ICP can be $26.87 by the end of December 2024. Apart from that, the minimum and the average cost of ICP could be around $11.89 and $19.38, respectively.
What Is Internet Computer?
Internet Computer was developed by DFINITY- an NGO, which is one of the successful organizations. That attracted a considerable amount of funds from investors during its early stages. The organization was founded in the October of 2016 by Williams. It had garnered the interest of the masses owing to the implementation of blockchain technology.
The Foundation had launched the Internet Computer in May of 2021. Internet Computer’s ICP is a utility token that empowers customers to connect and administer the Internet Computer public blockchain. The protocol aims to make building websites simpler alongside internet services, and DeFi programs. This would be done by allowing users to run existing code on the open Network.
Fundamental Analysis
Internet Computer was founded by Dominic Williams, who is also the Chief Scientist of dfinity. Dominic is a crypto theoretician, who is the inventor behind Threshold Relay, Probabilistic Slot Consensus, etc… He was also the President and CTO of String Labs. And an early pioneer of decentralised finance at Mirror Labs and founder of Fight My Monster.
The platform is designed with the intent of storing data using blockchain and retrieval of the same as an open-source digital asset. The ICP is a node in decentralizing the power of the Internet. The project has been helping build services to devise a relatively more diverse, productive, passionate, and dominant ecosystem.
Furthermore, it wears the crown of the world’s first and largest blockchain. Which operates at web speed and therefore has no restriction on bandwidth. Besides Ethereum, it also includes three other blockchain innovations.
Historical Price Sentiments 2021 – 2022
The ICP price was worth a whopping $737.20 when it was initially listed on Coinbase Pro on the 10th of May.
After a series of corrections, the value dropped until May 19th, when it struck an all-time low of $111 for the very first time.
Buyers pushed it through the $120 resistance mark on June 3rd, but the impetus quickly disappeared.
Consequently, the value started dropping, and again on June 14, the cryptocurrency scripted a record of a new ATL of $20.08.
The coin landed in 2022 with a price of $25.63. In mid-January, it rose to $32.51. However, the up-trend was short-lived, and the coin fell to $20 by the end of the month.
A similar pattern was observed in February, as the coin was trading at about $21.6 on the 10th of February.
On the 24th, it rolled down further to touch the price margin of $16.6. And railed up to $20 on the last day of February. Moreover, the coin zigzagged about the price margin of $20 until mid-March.
Fast forward to April, ICP railed down to $16 on the 12th of April. It continued the downtrend to touch the price of $14.1 on the 29th of the same month.
The token smashed into May with a price of $12, but the aggravating circumstances in the business led to a steep downfall. As a result of which, the price concluded the year with a price tag of $4.0196.
