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Internet Computer ICP Price Prediction 2022-2031: Is Resurgence Possible?

icp price

2021 was a mixed year for Internet Computer Coin, with the token reaching its all-time high and plunging into a dip that threatened to liquidate the token in the same year. They survived, though, and have announced that plans are in place to ensure that years to come are better.

Internet Computer is the first cryptocurrency backed by a protocol and so, many crypto experts believe that ICP is a good investment and could grow further and with new developments, could get better.

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 connected by a protocol in millions of computers. Let’s find out if ICP is a good investment and make resurgence possible.

Today’s Internet Computer price is $6.06 with a 24-hour trading volume of $69,628,825. Internet Computer is up 3.83% in the last 24 hours. The current CoinMarketCap ranking is #35, with a live market cap of $1,464,885,449. It has a circulating supply of 241,676,764 ICP coins and the max. supply is not available.

Also Read: Dfinity opens the ETH bridge to connect its ICP innovation

ICP Overview

How can a project founded in October 2016 by Dominic Williams attract much interest from the crypto environment? More so, how can it raise a total of $121 million from contributors like Andreessen Horowitz, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, Polychain Capital, SV Angel, and Multicoin Capital, and several notable early Ethereum investors?

On May 10, 2021, DFINITY Foundation — founded by Dominic Williams– released the Internet Computer into the public domain, a major milestone that indicates that the Internet Computer currently functions as a decentralized global computer as mentioned by the release of all of the Internet Computer’s source code into the public domain.

DFINITY claims that its Internet Computer is highly scalable and runs at web speed, with some functions taking only milliseconds. The network is governed by an open autonomous algorithmic software system called the Network Nervous System (NNS), and its native utility token is ICP (previously known as DFN).

After Bitcoin which serves as digital gold ad Ethereum driving the decentralized finance revolution, the project claims to be the third greatest breakthrough. Let’s see why that is.

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 a lot of funds from investors 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.

DFINITY was founded by Williams 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, websites, and produce a more tokenized version of these systems. Therefore, the Internet Computer protocol is a step further into the blockchain world.

Latest ICP Developments

Since the end of 2021, ICP  has been making development after development, and it is becoming quite challenging to track them. One of such developments is the smart contracts running on ICP, passing the 16,500 mark, its highest ever; this signifies the growing developer activity on the network. The official Twitter page recorded the milestone on 4 January 2021 while writing this article.

One of the latest developments of ICP was announcing a Ledger Internet Computer app launch. It was announced on 3 December 2021, and it would allow for the Ledger wallet to be compatible with the Internet Computer token. Basically, the Ledger wallet now supports ICP tokens.

Also, 4 November 2021 was another day of development for Internet computers. They announced a partnership with Esports to launch an internet computer gaming program based on blockchain technology.

2022 was a new slate for ICP. It raced from $25.36 on 1 January 2022 to $36.55 five days later. This came after the launch of the Terabithia bridge, a function designed to improve interoperability between Internet Computer and Ethereum. Terabithia is a cross-chain communication protocol and asset mirroring protocol. Users will be able to use any ETH tokens fungible or nonfungible on the Internet Computer blockchain. This makes ICP a layer-two scaling solution.

Terabithia could be the next step for Internet Computer to scale. This bridge allows smart contracts to operate between the two blockchains, meaning assets can be created that function on both Ethereum and Internet Computer. For example, ERC-20 tokens can exist on the Internet Computer blockchain.

After a correction on 6 January to below the $30 mark, on 28 February, the coin was trading at roughly $17.53. Will ICP start climbing again? 

ICP Technical Analysis

Internet Computer ICP Price Prediction 2022-2031: Is Resurgence Possible? 1

The Internet Computer price is below the 50 and 100-day Moving Average. The coin seems to be forming a positive RSI divergence. However, to confirm this, the price must close positively on its daily candle. Subsequently, we can assume that the price will increase to $10. ICP is currently in a downtrend; for continued upside, the $10 resistance needs to be flipped, potentially allowing the price to target $20. But with the market sentiment currently being risk-off, this is unlikely.

ICP Price Prediction By Authority Sites

Wallet Investor

Wallet Investor predicts that ICP is a bad long-term investment. They predict that the coin will be worth $0.998. They predict the coin will devalue by 99% in the next five years. Hence, they don’t think the coin will grow in the future.

Trading Beasts

Trading Beasts expects the International Computer price to increase by the end of 2022. They expect that the coin will be a good investment in the future. According to them, the Internet Computer Network is expected to have a minimum price of $8.61 with a maximum price of $12.66 by the end of 2022. The average price of the coin by that time is expected to be $10.13.

Furthermore, Trading Beasts expects that Internet Computer ICP price will increase by 161% by the end of 2023. Trading Beasts predicts that the coin will have a minimum price of $12.54 with a maximum price of $18.45; the average price is expected to be $14.76.

By the end of 2024, ICP is expected to have a minimum and maximum price of $14.94 and $21.98. The average trading price of the coin is predicted to be $17.58.

Trading Beasts also forecasts that ICP will have a minimum price of $16.67 with a maximum price of $24.51 by 20The average trading price the coin will have is expected to be $19.61.

Digital Coin Price

Digital Coin Price also predicts that ICP is a good investment. They expect the coin to have a minimum price of $7.09 with a maximum price of $8.10, with its average price being $7.55 by 2022.

In 2027, Digital Coin Price expects that ICP’s highest price will be $16.98, with its average trading price being $13.17. The minimum price by that time is expected to be $11.20.

Digital Coin Price predicts that ICP will have a minimum price of $25.59 with an average price of $26.56 by 2030. The maximum price the coin is predicted to have by that time is $27.69

ICP Price Prediction By Cryptopolitan

Internet Computer ICP Price Prediction 2022-2031: Is Resurgence Possible? 2
Internet Computer ICP Price Prediction 2022-2031: Is Resurgence Possible? 3

ICP Price Prediction 2022

Internet Computer aims to transition into the crypto space — away from the central model. The transition also involves one that involves smart contracts paying for implementations. Sonic, which would launch a DEX on its subnet, would introduce a computer-controlled market marker that will operate on the Internet Computer blockchain. With other developments, we could see its price move up to $10.70. The average price the coin will have by the end of 2022 is $9.86.

ICP Price Prediction 2023

With more latest developments and partnerships flowing into the Internet Computer network, ICP has a solid chance to increase. In such a case, the price of ICP could be trading at a maximum price of $16.26 with a minimum price of $13.84.

ICP Price Prediction 2024

One of the main objectives of ICP is to compete with IT strongholds. Again, all forthcoming ICP projects will focus on assisting individuals indirectly in hosting their code on the open web. If ICP also serves its purpose in Web 3.0, we could see it trade at an average price of $20.62. The highest price the coin will have is $24.36.

ICP Price Prediction 2025

The influx of manageability features with other powerful ad campaigns can boost ICP to have a minimum price of $30.32. The highest price the coin is expected to have is $35.12.

ICP Price Prediction 2026

If ICP successfully targets users worldwide on centralized systems and turns tables on internet services we could see the ICP coin move by $51.81. The minimum price the coin will have by the end of 2026 will be $44.58.

ICP Price Prediction 2027

By 2027, ICP could be trading at a maximum price of $74.04, with a minimum price of $61.40. We also expect that the average trading price of the coin by that time is expected to be $63.25.

ICP Price Prediction 2028

By 2028, ICP will be trading at a maximum price of $106.06. The minimum price of the coin by 2028 is expected to be $86.96. The average trading price of the coin is forecasted to be $90.13.

ICP Price Prediction 2029

We expect ICP to have a minimum price of $126.11 with an average trading price of $129.71. The coin is expected to have the highest price by the end of 2029 is $151.24.

ICP Price Prediction 2030

The year 2030 could bring a considerable hike in the price for the crypto industry in general. The Internet Computer project which focuses on education and technological skills could escalate the price of ICP to $218.38. The lowest price the coin will have by the end of 2030 is forecasted to be $174.79.

ICP Price Prediction 2031

We expect ICP to have a minimum trading price of $263.92 with an average trading price of $271.18. The maximum price of the coin is expected to be $300.20.

Conclusion

Even though ICP is a new coin, it is backed by promising projects and an experienced team. The Internet Computer network has attracted the attention of many crypto enthusiasts. The project aims at solving problems inherent on the internet. Although we forecasted that ICP is an excellent long-term investment, we advise that you do your own research before investing in it.

DFINITY’s Internet Computer project is a public blockchain network that aims to disintermediate commercial cloud service providers by replacing the existing IT stack. We envisage DeFi platforms to enterprise IT systems being hosted on the Internet Computer from this perspective. A unique type of serverless cloud capability will be added to the Internet thanks to a network of sub-blockchains overseen by an ownerless master blockchain. The ICP token has a bright future ahead of it.

The long-term price projection for Internet Computer ICP price is optimistic. Given the coin’s current crash, it’s feasible that we’ll reach the expected milestone before the end of 2022. However, before purchasing the coin, you should conduct your own research into the pricing of Internet Computer.

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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 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 will ICP be worth in 2033?

Its ICP price forecast for 2022 is for an average price of $20.5, rising to $60.16 by 2025. It has an ICP price forecast of $569 for 2033.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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