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Internet Computer ICP price prediction 2024-2030: Is ICP a good investment?

Key takeaways

  • Internet Computer price prediction for 2024 projects a maximum price of $17.45, indicating stable performance with moderate price fluctuations.
  • Internet Computer price forecast in 2027 expects the token to reach a peak price of $57.54.
  • By 2030, the Internet Computer token price might reach a maximum of $178.59.

Internet Computer (ICP) is a groundbreaking blockchain network developed by the DFINITY Foundation. It aims to extend the functionality of the internet, enabling it to host backend software, and transforming it into a global, decentralized computer. The network leverages advanced cryptography and innovative technology to provide scalable, efficient, and secure decentralized applications (dApps).

Given its robust technology and expanding utility, the future price prospects for ICP look promising. As more developers build on the platform and adoption increases, the ICP token demand will likely rise.

Will ICP reach $100? Let’s get into the price analysis and predictions.

Overview

CryptocurrencyInternet Computer
TokenICP
Price$9.167
Market Cap$4,266,683,868
Trading Volume$90,535,252
Circulating Supply465,235,688  ICP
All-time High$750.73, May 10, 2021
All-time Low
24-h High$9.87
24-h Low$9.15

Internet Computer technical analysis

MetricValue
Price Prediction$31.36 (224.12%)
Volatility6.83%
50-Day SMA$12.35
14-Day RSI30.99
SentimentBearish
Fear & Greed Index74 (Greed)
Green Days13/30 (43%)
200-Day SMA$11.81

Internet Computer price analysis: ICP retraces support after hitting $9.167

TLDR Breakdown

  • ICP price analysis is bearish today
  • ICP support is present at $9.275
  • Current Internet Computer price is $9.167 at the time of writing.

On June 14, 2024, the Internet Computer (ICP) token crashed from $10.780 to $9.156, increasing market volatility. After briefly rising to $9.299, it fell again to $9.167. This incident underscores the unpredictable nature of the cryptocurrency market. Despite the drop, ICP has seen increased trading volume and maintains a strong market cap.

ICP price analysis for 1-hour: Recent developments

The ICP token is volatile and often influenced by broader market trends. Bollinger Bands analysis shows ICP nearing the upper band threshold of $10.125, indicating strong resistance. Overcoming this level will require significant buying pressure.

$9.278 has been a crucial support level, but its recent breach led to increased volatility. ICP is now retracing its support band amid these fluctuations, highlighting the need to regain and maintain this critical support level.

ICP/USD 1-hour price chart Source: TradingView

With a Relative Strength Index (RSI) of 22, ICP shows a severely oversold condition, indicating strong reversal pressures. This suggests a potential near-term downturn, making monitoring RSI trends closely important to understand market behavior.

ICP 1-day price analysis: ICP declines to $9.167

ICP’s price dynamics show rapid fluctuations. Bollinger Bands indicate critical resistance around $13.266, potentially reinforcing downward momentum. Another resistance level at $9.637 safeguards against further declines.

Current trends show ICP below the Moving Average line, suggesting a possible direction change. Monitoring these indicators is essential for anticipating market movements.

ICP/USD 1-day price chart Source: TradingView

A detailed analysis reveals ICP in an oversold condition with an RSI of 26, indicating sellers dominate. Keeping a close eye on these trends is crucial as they may signal shifts in market dynamics. By tracking these indicators, investors can better anticipate changes and adjust their strategies to navigate market fluctuations and seize opportunities.

ICP technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 10.76SELL
SMA 5$ 10.80SELL
SMA 10$ 11.31SELL
SMA 21$ 11.69SELL
SMA 50$ 12.35SELL
SMA 100$ 13.67SELL
SMA 200$ 11.81SELL

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 11.58SELL
EMA 5$ 11.77SELL
EMA 10$ 12.00SELL
EMA 21$ 12.29SELL
EMA 50$ 12.88SELL
EMA 100$ 12.97SELL
EMA 200$ 11.67SELL

What to expect from the Internet Computer price analysis

ICP price analysis reveals negative risks by which is marked by an exponentially unstable and bearish trend with great volatility and an ongoing breakout. Currently, bears are in control of the market because the selling activities of traders are currently in favor of them. Bulls are also trying to turn the tables in their favor in an effort to regain control. This implies that bulls can accomplish their goal if buying activity somehow exceeds selling activities. ICP price analysis illustrates that ICP is retracing its support, pointing to the possibility of another price decline. 

Recent news/opinion on ICP

  • Helix Markets launch cutting-edge order book DEX to bridge DeFi and CeFi on the Internet Computer protocol.

Internet Computer price prediction June 2024

In June 2024, the Internet Computer forecast (ICP) reveals the token is anticipated to have a minimum price of $11.51, an average trading price of $21.48, and a maximum price of $31.44.

ICP Price PredictionMinimum PriceAverage PriceMaximum Price
ICP Price Prediction June 2024$11.51$21.48$31.44

Internet Computer price prediction 2024

In the remainder of 2024, the Internet Computer (ICP) token is expected to have a minimum price of $15.14, an average price of $15.74, and a maximum price of $17.45. These projections indicate a stable performance with moderate price fluctuations throughout the year.

ICP Price PredictionMinimum PriceAverage PriceMaximum Price
ICP Price Prediction 2024$15.14$15.74$17.45

Internet Computer price predictions 2025 – 2030

YearMinimumAverageMaximum
2025$22.02$22.65$26.83
2026$32.98$33.89$39.58
2027$49.49$51.19$57.54
2028$73.05$75.10$86.18
2029$101.95$104.95$126.86
2030$150.26$155.51$178.59

Internet Computer price prediction 2025

In 2025, Internet Computer (ICP) is expected to reach a maximum value of $26.83, with an average price of $22.65 and a minimum of $22.02.

ICP price prediction 2026

For 2026, ICP could reach a maximum value of $39.58, with a lower threshold of $32.98 and an average price of $33.89.

Internet Computer token price prediction 2027

In 2027, ICP might achieve a peak price of $57.54, with a minimum of $49.49 and an average of $51.19.

Internet Computer ICP price prediction 2028

The 2028 forecast suggests ICP could reach a high of $86.18, with an average price of $75.10 and a minimum of $73.05.

Internet Computer ICP price prediction 2029

In 2029, ICP is projected to fluctuate between $101.95 and $126.86, with an average price of $104.95.

Internet Computer ICP price prediction 2030

By 2030, ICP might reach a maximum price of $178.59, with a minimum of $150.26 and an average of $155.51.

Internet Computer market price prediction: Analysts’ ICP price forecast

Firm Name20242025
Changelly$24.90$17.32
DigitalCoinPrice$23.98$28.40
Gate.io$13.82$13.68
  • According to CoinPedia, Internet Computer (ICP) is expected to show consistent growth from 2024 to 2030. The price range is forecasted to rise from a low of $18.89 in 2024 to $63.18 by 2030, with average prices increasing from $22.88 to $79.49.
  • SwapSpace also predicts a favorable outlook for ICP, with average prices rising steadily. The potential return on investment (ROI) ranges from 58% in 2025 to 306% by 2030.

Cryptopolitan’s Internet Computer (ICP) price prediction

Cryptopolitan’s price predictions for Internet Computer (ICP) from 2024 to 2030 indicate steady growth and promising returns. The forecast shows a gradual increase in ICP’s value, with average prices rising consistently. The average projected price is $12.61 in 2024, $41.05 by 2027, and $131.49 by 2030.

Internet Computer historic price sentiment

  • From June to August 2021, ICP started at $49.75, saw highs of $128.43 and lows of $27.08, ending August at $37.61—a 56.61% decrease from June—as volatility characterized its price movements.
  • From September to November 2021, ICP experienced ongoing volatility, with prices fluctuating between $39.53 and $45.15. The period concluded in November 2021 with ICP priced at $38.18, reflecting a 9.36% decrease from its value in September.
  • From December 2021 to February 2022, ICP’s prices fluctuated between $18.14 and $24.64. February 2022 saw a notable increase to $24.64, ending the period with a modest gain of 1.67% compared to January.
  • From March to May 2022, ICP experienced price fluctuations ranging between $11.36 and $14.55. By the end of May 2022, the price had declined sharply to $6.05, marking a significant 33.41% decrease from March.
  • From June to August 2022, ICP prices continued to decline, fluctuating between $4.62 and $9.34. By the end of August 2022, the price had settled at $5.66, indicating a notable decrease of 30.67% from June.
  • From September to November 2022, ICP prices fluctuated between $2.88 and $6.21. By the end of November 2022, the price had decreased to $3.52, showing a decline of 22.50% from its value in September.
  • From March to May 2023, ICP’s prices fluctuated between $4.54 and $6.49. By the end of May 2023, the price had decreased to $4.63, marking a significant decline of 26.96% from March.
  • From June to August 2023, ICP experienced continued volatility, with prices ranging from $3.37 to $4.87. By the end of August 2023, the price had increased to $3.92, showing a modest gain of 3.08% from June.
  • From September to November 2023, ICP’s prices fluctuated between $2.88 and $4.53. By the end of November 2023, the price had increased to $3.77, showing a gain of 15.54% from its value in September.
  • From December 2023 to February 2024, ICP’s prices saw a significant increase, rising from $9.55 to $12.58. By the end of February 2024, the price had reached $10.56, reflecting a gain of 9.73% compared to January.
  • From March to May 2024, ICP’s price fluctuated between $10.70 and $13.98. By the end of May 2024, the price had decreased to $11.21, indicating a decline of 7.88% from its value in March.
  • In June 2024, the price of ICP is trading within the range of $9 – $13.

FAQs

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.

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