Loading...

ICP Price Prediction 2024-2033: Is Internet Computer Resurgence Possible?

Internet Computer ICP Price Prediction 2024-2033

Internet Computer is the first cryptocurrency backed by a protocol. So many crypto experts believe ICP is a good investment and could grow further and, with new developments, could get better. ICP, the native token of the Internet Computer network, is mainly used for processing the network’s power. Will ICP Price Prediction help us sail calmly in this turbulent crypto winter?

Limiting the influence of Big Tech firms like Google and Facebook by changing the Internet might be a farfetched dream but not impossible. We all want to establish a global web 3.0 that is “open and free” by banding together and connected by a protocol in millions of computers. Let’s find out if ICP is a good investment and if a resurgence is possible, and how exactly will Internet Computer work.

How much is ICP worth?

Internet Computer is currently priced at $12.331, experiencing a 24-hour trading volume of $638.13 million and boasting a market cap of $5.68 billion, with a market dominance of 0.24%. Over the last day, the price of ICP has decreased by -3.55%. The sentiment towards Internet Computer’s price prediction is neutral, while the Fear & Greed Index registers at 72 (Greed). The circulating supply of ICP stands at 462.68 million out of a maximum supply of 488.51 million ICP. Over the past year, there has been a supply inflation rate of 53.04%, resulting in the creation of 160.36 million ICP. Currently ranked #14 in the Layer 1 sector based on market cap.

ICP price analysis: ICP/USD stable at $12.491

  • ICP price analysis is bullish today.
  • The strongest resistance is present at $20.528.
  • Current Internet Computer price $12.491 at the time of writing.

On April 14, 2024, there was a remarkable surge in the value of the Internet Computer (ICP) token. It surged from $11.340 to a peak of $12.957 within a short period. This sudden increase led to increased buying activity and boosted investor confidence. However, despite an initial improvement in market sentiment that briefly pushed the token’s price down to $12.491, there were sudden and significant fluctuations, indicating a potential reversal in the prevailing trend. As of the latest update, the value of Internet Computer now stands at $12.491, underscoring the dynamic and unpredictable nature of the cryptocurrency market and the significant changes observed during that specific period.

Internet Computer (ICP) token witnessed a rapid surge in value, soaring from $11.340 to a peak of $12.957 within a short timeframe, igniting heightened buying activity and reinforcing investor confidence. Despite an initial boost in market sentiment, pushing the token’s price momentarily down to $12.491, sudden and notable fluctuations hinted at a potential reversal in the prevailing trend. As of the latest update, the value of Internet Computer stands at $12.491, underscoring the dynamic and unpredictable nature of the cryptocurrency market and the significant changes observed during that specific period.

ICP price analysis for 1-hour: Recent developments

Internet Computer (ICP) is known for its notable price volatility, often influenced by broader trends within the cryptocurrency market. An analysis of Bollinger Bands reveals that the current price of ICP exceeds the upper band threshold, currently set at $12.961. This positioning indicates a strong resistance level, suggesting significant selling pressure that could hinder the token’s ability to surpass this threshold smoothly.

Conversely, during periods of significant price declines, a sense of stability arises around $11.914, establishing another robust support level. This indicates substantial buying interest or demand at this price point, which could potentially halt further decreases in price. These insights, derived from Bollinger Bands analysis, offer traders and investors valuable information regarding critical price levels for potential resistance and support. Equipped with this knowledge, market participants can make more informed decisions amid the inherent volatility of the cryptocurrency market.

ICP/USD 1-hour price chart Source: TradingView

At present, the Relative Strength Index (RSI) for Internet Computer (ICP) stands at 43, indicating an unstable sentiment prevailing in the cryptocurrency market. Falling within the inflation range on the RSI scale, this reading suggests that buying pressures currently surpass selling pressures. The RSI’s consistent upward trend underscores a sustained influence of buying activity, fostering expectations for potential market stability. This highlights the importance of closely monitoring RSI trends to extract valuable insights into cryptocurrency market dynamics and anticipate potential shifts in sentiment. Such insights empower traders and investors to make informed decisions amidst market uncertainties.

ICP 1-day price analysis: ICP obtains upward momentum at $12.491

The price dynamics of ICP underscore its susceptibility to rapid and significant market fluctuations, characterized by sudden and pronounced price swings over short periods. This persistent volatility poses challenges in establishing and maintaining a predictable trajectory for ICP’s price. Analytical tools such as Bollinger Bands highlight critical thresholds, particularly around $20.528, where strong price resistance may emerge, potentially reinforcing the current downward momentum. Additionally, another resistance level is identified at the lower boundary of the Bollinger Bands, approximately at $13.083, offering a buffer against significant price declines. These insights illuminate the complex nature of ICP’s price movements and underscore the importance of closely monitoring key thresholds to effectively navigate its inherent volatility.

The current trends in ICP prices reveal a pattern situated below the Moving Average line, suggesting a possible forthcoming change in direction. It’s essential for investors to closely monitor these technical indicators as they provide valuable insights into ICP’s price dynamics and potential shifts in trends. As the price approaches the Relative Strength Index (RSI), a convergence of these indicators might signal ICP’s transition into the bearish category. Such vigilant observation is crucial for facilitating informed decision-making, particularly given the inherent volatility of the cryptocurrency market.

ICP/USD 1-day price chart Source: TradingView

A comprehensive technical analysis of the ICP price market reveals a state of moderate equilibrium, as evidenced by its Relative Strength Index (RSI) reading of 33. This situates ICP within the undervalued range, indicating a balanced interplay between buyers and sellers. However, upon closer examination of the RSI trend, it becomes apparent that, despite maintaining a linear trajectory, current buying activity is equivalent to selling activity, suggesting a potential upcoming phase of price dormancy. This nuanced observation underscores the importance for traders and investors to diligently monitor this evolving scenario, as it could signify a shift in market dynamics that may impact future ICP price movements. Remaining vigilant to such indicators is imperative for making well-informed decisions in the dynamic cryptocurrency market landscape, where subtle shifts in buyer-seller dynamics can significantly influence asset valuations.

What to Expect from the ICP Price Analysis

ICP is presently in a bearish situation as the market is dominated by selling activity. The bears are working very hard to keep things as they are. Technical indicators, though, including the RSI and Bollinger’s bands, have been hinting at a reversal. The market is breaking out, and as support is being retraced right now, according to the one-hour technical analysis. This will cause the ICP market to reverse course. When determining important price points and resistance levels, traders and investors are urged to conduct independent research.

Is ICP a good investment?

While ICP has shown potential for rapid price movements, its susceptibility to market volatility necessitates careful consideration and risk management. Evaluating technical indicators, market sentiment, and project fundamentals alongside broader cryptocurrency market conditions can provide valuable insights. Investors should also diversify their portfolios and consider their individual financial goals and tolerance for risk. Ultimately, whether ICP is a suitable investment depends on the investor’s unique circumstances and thorough research. Consulting with a financial advisor and staying informed about market developments is advisable before making any investment decisions.

Recent News on ICP

With selling activity controlling the market, ICP is now in a bearish situation. To continue this pattern, the bears are working very hard. But technical indicators have been hinting to a reversal, including the RSI and Bollinger’s bands. As we speak, support is being re-tracked in the 1-hour technical analysis, indicating a breakout in the market that will cause the ICP market to reverse course. For the purpose of identifying pivotal points and resistance levels, traders and investors are recommended to do independent research.

ICP Price Prediction 2024-2033

YEAR MINIMUMAVERAGEMAXIMUM
2024$22.39$23.25$25.76
2025$32.62$33.78$39.44
2026$48.21$49.56$55.50
2027$66.61$68.59$83.36
2028$95.27$98.70$117.10
2029$141.27$146.21$167.72
2030$205.11$212.43$244.63
2031$295.04$305.66$363.54
2032$420.28$435.56$523.73
2033$640.46$657.88$731.86

Internet Computer ICP Price Prediction 2024

In our analysis of the 2024 Internet Computer price prediction, we envision the potential for the cryptocurrency to reach a maximum value of $21.97 within the year. Our calculations indicate an average anticipated price of approximately $19.83, with a potential minimum threshold identified at around $19.11. These projections offer valuable insights into the expected price spectrum for Internet Computer throughout 2024. These figures provide investors with essential information, enabling them to make well-informed strategic decisions based on a comprehensive understanding of the potential price range and market dynamics.

Internet Computer ICP Price Prediction 2025

Following a comprehensive analysis, our projection for the 2025 price of Internet Computer (ICP) suggests that the cryptocurrency has the potential to reach a maximum value of $39.44. Throughout this period, we anticipate a lower threshold of approximately $32.62, with a calculated average value around $33.78. It is essential to recognize the potential for a substantial increase in the value of Internet Computer, especially in light of the anticipated growth in adoption of blockchain-based applications in the upcoming years.

Internet Computer ICP Price Prediction 2026

In our examination of the 2026 Internet Computer price forecast, a positive market sentiment is evident, suggesting the potential for a notable uptrend in the cryptocurrency’s value. Our analysis indicates that Internet Computer could achieve its peak at $55.50, showcasing a significant increase from its current trading price. Similarly, the projected lower limit for Internet Computer in 2026 is estimated to be around $48.21. Taking these factors into consideration, the envisaged average market value for Internet Computer in 2026 stands at approximately $49.56, presenting an optimistic outlook for investors who hold a bullish stance on this digital asset. This forecast provides valuable insights for investors to gauge potential market trends and make informed decisions based on their investment strategies.

Internet Computer ICP Price Prediction 2027

In our 2027 Internet Computer coin price prediction, significant profit potential is evident for investors, with the cryptocurrency potentially reaching a peak ICP price of $83.36. Throughout the year, there is an anticipation that Internet Computer may maintain an average price of approximately $68.59, and a projected lower limit is estimated to be around $66.61. The potential for an upward price movement in Internet Computer can be attributed to its favorable features, including reduced fees, increased transparency, enhanced security measures, and accelerated transaction processing speeds. These factors contribute to a positive outlook, suggesting a promising trajectory for Internet Computer in 2027. 

Internet Computer ICP Price Prediction 2028

Our Internet Computer price forecast indicates that the cryptocurrency is poised to undergo fluctuations within a range, encompassing a minimum value of $95.27 to a maximum ICP price of $117.10, with an average projected price hovering around $98.70. Acknowledged as one of the standout performers among digital currencies, Internet Computer is anticipated to garner heightened demand in the foreseeable future, potentially leading to a substantial upswing in its market value. This optimistic market sentiment points towards a promising trajectory for the token, capturing the attention of investors and potentially propelling its value to unprecedented levels.

Internet Computer ICP Price Prediction 2029

Based on our in-depth analysis for the year 2029, our Internet Computer price forecast points to a promising potential, reaching a maximum ICP price of $167.72. This signals a significant upward movement from its current valuation. Additionally, we expect that the average trading price for Internet Computer will be around $146.21, with a projected lower limit estimated at approximately $141.27 throughout the year. Taken together, these indicators paint a favorable picture for the anticipated trajectory of Internet Computer’s price performance in 2029.

Internet Computer ICP Price Prediction 2030

In accordance with our 2030 Internet Computer price forecast, there exists the potential for the Internet Computer price to reach a maximum ICP price of $244.63. This forecast is meticulously crafted, taking into account various factors such as the overall market performance, the rate of Internet Computer adoption, and advancements within the broader cryptocurrency sector. Additionally, our projection includes a significant reinforcement of the price support level, indicating a minimum estimated price of $205.11 for Internet Computer. On an average basis, we anticipate that the market value of Internet Computer will persist around $212.43. The synergistic interplay of these elements collectively contributes to fostering a positive outlook regarding the prospective price trajectory of Internet Computer in the year 2030. Investors may find these insights valuable as they assess potential long-term opportunities in the cryptocurrency market.

Internet Computer ICP Price Prediction 2031

In our 2031 Internet Computer prediction, we envision a promising trajectory that holds the potential to propel the cryptocurrency to a peak ICP price of $363.54, indicating a substantial upsurge from its current market price. Over this timeframe, we anticipate that the average price will hover around $305.66, with a minimum projected value of approximately $295.04. The significant growth potential within the digital currency landscape may act as a catalyst for substantial user adoption, contributing to the observed higher price levels.

Internet Computer ICP Price Prediction 2032

As per our analysis for the year 2032, our Internet Computer price forecast points towards substantial growth potential, projecting a peak ICP price of $523.73. The average price for the cryptocurrency is expected to remain robust at around $435.56, indicating a predominantly positive trajectory. The projected minimum price is envisaged at $420.28, suggesting a relatively strong support level. In summary, the outlook presents a bullish scenario for Internet Computer throughout the year, characterized by the potential for upward movements and periodic fluctuations. Investors may find this information useful for strategic planning and decision-making in anticipation of potential market trends in 2032.

Internet Computer ICP Price Prediction 2033

In our comprehensive analysis for the calendar year 2033, our forecast for the price of Internet Computer reflects substantial growth potential, projecting a peak ICP price reaching an impressive $731.86. Throughout the year, the average price for the cryptocurrency is anticipated to exhibit resilience, hovering around the robust figure of approximately $657.88, indicative of a predominantly positive trajectory. Furthermore, our analysis underscores a projected minimum price estimated at $640.46, signifying a notable and sustained support level. This positive outlook is bolstered by the ongoing developments in the digital currency landscape, potential technological advancements, bullish momentum, and the sustained interest of investors in the Internet Computer ecosystem. These factors collectively contribute to the overall positive sentiment and bullish forecast for Internet Computer in 2033.

Internet Computer ICP Price Predictions by CoinCodex

According to CoinCodex’s latest forecast, the price of Internet Computer (ICP) is projected to surge by 227.87%, reaching $56.24 by May 6, 2024. The current sentiment is categorized as Neutral, while the Fear & Greed Index indicates extreme greed, standing at 78. Over the past 30 days, ICP has recorded 14 out of 30 green days, showcasing a 47% ratio, with a notable price volatility of 15.92%. Considering the forecast, it appears to be an opportune moment to consider buying ICP. Looking ahead, the predicted yearly low for ICP in 2025 is estimated at $17.15, while the price is expected to peak at $45.51 in 2026. By 2030, the forecast suggests a maximum price of $70.03 and a minimum of $43.19 for Internet Computer.

Internet Computer ICP Price Predictions by DigitalCoinPrice

According to DigitalCoinPrice’s price prediction for Internet Computer (ICP), the forecast indicates a steady upward trajectory over the coming years. In 2024, the projected price ranges from a minimum of $15.37 to a maximum of $37.86, with an average price of $33.34. The trend continues to strengthen in subsequent years, with 2025 seeing a minimum price of $37.01, an average of $42.93, and a maximum of $44.84. By 2030, the forecast suggests a substantial increase, with the minimum price estimated at $116.45, the average at $128.26, and the maximum at $128.63. Looking further ahead, the prediction anticipates even greater growth, with prices reaching as high as $336.02 by 2033. This forecast indicates a bullish outlook for ICP, with significant potential for appreciation over the long term.

Internet Computer ICP Price Predictions by PricePredictions.net

According to PricePredictions.net’s analysis, the forecast for Internet Computer (ICP) reveals a steady upward trajectory in its price over the coming years. In 2024, ICP is anticipated to range between $22.39 and $25.76, indicating a potential for significant growth from its current levels. Looking further ahead, by 2027, the projected price range widens considerably, with estimates spanning from $66.61 to $83.36, suggesting substantial appreciation over the next few years. By 2030, the forecast indicates even more remarkable growth, with prices expected to range between $205.11 and $244.63, reflecting increasing confidence in the long-term prospects of ICP. Moving into 2033, the predicted price range expands further, with estimates ranging from $640.46 to $731.86, underlining a bullish sentiment towards ICP’s potential. Looking ahead to 2040, the forecast suggests a significant surge in ICP’s value, with prices projected to range between $10,934 and $12,993, indicating substantial growth over the next decade. Finally, by 2050, the forecast indicates continued upward momentum, with ICP’s price expected to range between $16,223 and $18,901, reflecting the optimism surrounding its future prospects.

Internet Computer Overview

Popularity#18Market Cap$8,043,538,783
Price Change (24 hours)+2.54%Trading Volume (24 hours)$100,471,231
Price change (7 days)-7.37%Circulating Supply457,662,453 ICP
All-time low (All-time high (May 10, 2021)$750.73
From ATLFrom ATH-97.68%

More on the ICP Network

What is Internet Computer (ICP)?

Internet Computer is developed by a non-profit organization or NGO called DFINITY. DFINITY is one of the most successful foundations that attracted many investors’ funds during its initial stages. To understand what the Internet Computer does, you need to dive deeper into the technicalities of DFINITY, and the goals of its founder, Dominic Williams.

Williams founded DFINITY in October 2016. It attracted a lot of attention for its new implementation of blockchain technology. The Internet Computer, on the other hand, was launched in the year 2021, in the month of May by the Foundation.

The contributors to the DFINITY Foundation include Polychain Capital, ZeroEx, Aspect Ventures, and many more firms, including notable Ethereum supporters, in the early stages. The Foundation works on discovering more possibilities in the blockchain industry. There are a number of experts working under the Foundation. With their collective efforts, the Foundation has published 100,000 citations along with 200 patents.

Significance of ICP

In addition to Bitcoin and Ethereum, this is the third significant innovation in blockchain technology. The blockchain-based computer distributes and scales smart contract computation and the data gathered after computation, all at web speed. Furthermore, it facilitates the execution and storage of data with great efficiency and provides dynamic software frameworks to the developers of the ICP community.

To summarize, the ICP blockchain protocol will help to build better and more efficient platforms, decentralized applications, and websites, and produce a more tokenized version of these systems. Therefore, the Internet Computer protocol is a step further into the blockchain world.

Conclusion

In conclusion, the Internet Computer (ICP) presents an intriguing journey through the dynamic landscape of blockchain and decentralized technologies. As we navigate the realms of price predictions, technical analyses, and the broader implications of ICP’s existence, it becomes evident that this innovative protocol has the potential to redefine the future of the internet.

With projections spanning from 2024 to 2033, the forecasts consistently paint a picture of growth, resilience, and increasing investor confidence. The ICP network, backed by the DFINITY Foundation, not only stands as a unique cryptocurrency but also represents a transformative force in the evolving world of web 3.0.

As we look ahead, the ICP protocol’s ability to challenge the dominance of Big Tech and foster a more open and free internet remains a compelling narrative. The intricate dance of market dynamics, technical indicators, and real-world applications positions ICP as a cryptocurrency to watch, inviting both seasoned investors and curious newcomers to explore the potential of this groundbreaking technology.

In the ever-changing landscape of the crypto market, the story of Internet Computer unfolds as a promising chapter, beckoning us to consider the possibilities it holds in the quest for a decentralized and connected future. However, it is important to do your own research to make independent investment decisions.

FAQs

Is ICP a good investment?

Yes, ICP can be considered a good investment in 2022, as the price crashes making it cheaper to buy. However, the price is expected to rise to new highs where it will be much more expensive to sell, and could potentially earn you a significant amount of money.

What does ICP coin do?

ICP tokens have two uses: first, they can be locked inside the NNS to create 'neurons' which can then vote on governance proposals and earn voting rewards; second, they can be converted into cycles to power computation done by canisters.

Is ICP a Web 3?

Internet Computer (ICP) is one of the world's fastest blockchain networks that helps developers build the future dApps and smart contracts in the Web 3.0 virtual world.

Can you stake ICP?

If you have at least 1 ICP on your NNS account, you're eligible to create a neuron and stake ICP for rewards. You can use the Network Nervous System dapp to create and manage neurons, vote on proposals, and create canisters on the Internet Computer.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Share link:

Narmin Malik

Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

binance price
Cryptopolitan
Subscribe to CryptoPolitan