Cryptocurrency Price Prediction

Internet Computer (ICP) Price Prediction 2022: Will ICP Bounce 2X This Year?

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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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 future prospects? Look no further, as we decode the feasible ICP price prediction for 2022 and the years to come!

Overview

CryptocurrencyInternet Computer
TokenICP
USD Price$6.17
Market Cap $1,491,403,073
Circulating Supply 241,912,063.19 ICP
Trading Volume $159,431,242
All-time high$750.73 (May 10th, 2021)

*The statistics are from press time. 

Internet Computer (ICP) Price Prediction For 2022

Potential lowAverage PricePotential high
$7.43$9.419$11.8

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 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 second quarter was terminated with a price tag of $5.41

ICP Price Prediction For Q3

Internet Computer has advocated for a transition from the central model to the one where the smart contracts pay for their implementation. The tech named Sonic would introduce a computer-controlled market maker, which will operate on the Internet Computer blockchain technology. The tech will offer customers permissionless swapping of tokens. 

Seeking impetus from which, the price of ICP could shoot up to a maximum of $8.18 by the end of 2022. On the flip side, the altcoin could take a dip to the lows of $5.3. Constrained by the linear momentum of the digital asset, the average price could hover around $6.94

Internet Computer Price Prediction For Q4

 With all the latest developments and investments flowing into the ecosystem, ICP has a solid chance to upsurge. In such a case, the price of ICP could claim a high of $11.8 by the termination of the annual trade. However, a possible dump coming from a financial crisis could knock the price to the low of $7.43. Considering the bullish and bearish targets, the regular price could settle at $9.419.  

ICP Price Forecast For 2023

One of the primary objectives of The Internet Computer is to battle with IT behemoths. Numerous massive corporations, such as Aws and google , handle the preponderance of web hosting services. They have the right to prohibit services unilaterally and rewrite the rules of functioning freely. All forthcoming ICP updates will focus on assisting individuals indirectly in hosting their code on the open web.

If it thrives, this will serve an important purpose in Web 3.0. Then, the protocol will target users worldwide on a centralized system and turn the tables in the Internet system. Wherefore, the price of ICP could chug up to a maximum of $17.94 by the end of 2023. In contrast, failing to adhere to its commitments could result in negative criticism that could slash the price to $9.8

Price Prediction Of ICP For 2024

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 $28.42. Conversely, a possible regulatory clampdown could dissolve the price to a minimum of $15.87.

Internet Computer Price Prediction For 2025

The year 2025 could bring in a considerable price hike for the broader industry. Internet Computers developmental projects focusing on education, awareness, and technological prowess could escalate the cost to $42.78. However, emerging rivals, stiffer competition, and a lack of fueling initiatives could drag the price to lows of $23.52

YearPotential LowPotential High
2023$9.8$17.94
2024$15.87$28.42
2025$23.52$42.78

What Does The Market Say?

Trading Beasts

 According to the ICP price prediction of Trading Beasts. The digital asset is expected to close in the year 2022 with a pricier tag of $13.209. Whilst a reversal in trend could knock the price down to $8.982. A balance in buying and selling pressures could land the price at $10.567. The firm also hosts targets for the long term. Accordingly, the altcoin is expected to surge to $26.499 by the end of 2025. 

Digital Coin Price

 As per the forecast of Digital Coin Price. The price of ICP is anticipated to propel to its potential high of $8.6 by the end of 2022. The analysts from the firm have pinned the maximum closing targets for 2023 and 2025 at $9.85 and $13.21 respectively. 

Priceprediction.net

The forecast of the website has pinned the maximum annual closing targets for 2022 at $10.7. The analysts believe the altcoin could land at the minimum and average targets of $9.49 and $9.86 by the end of 2022. Successively, the altcoin is anticipated to close the year 2025 at its potential high of $35.12.  

Click here to read our price prediction of Bitcoin (BTC)!

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.com 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.

Company Details

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.

Our Internet Computer Price Prediction

As per the formulated ICP price prediction by the expert panel of Coinpedia. Considering the recent developments and the planned updates as per the roadmap. The maximum price of ICP can be $12 by the end of December 2022. Apart from that, the minimum and the average cost of ICP could be around $7.5 and $9.5, respectively. 

Historical Price Sentiments

2021

  • 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.

To read our price prediction of Ethereum click here!

FAQs

Q: Is Internet Computer (ICP) a good investment?

A: The innovation and team behind the token are excellent. You can surely add it to your watch list, do your research, and check if it suits your portfolio.

Q: Does the ICP coin have a future?

A: The ICP has solid fundamentals, and it has the potential to rise in the future. However, the crypto market is highly volatile, so making hard predictions is impractical. 

Q: What will ICP be worth by the end of 2022?

A:  According to our Internet Computer price prediction, ICP can cross the maximum margin of $11.8 by the end of 2022.

A: What will be the price of Internet Computer by the end of 2025?

A: The Internet Computer (ICP) price is anticipated to touch its potential high of $42.78 by the year 2025.

Q: Where can I buy Internet Computer ICP?

A: You can buy ICP from renowned exchanges like Binance, Huobi, Coinbase, etc…

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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