Friday, December 2, 2022
 

Internet Computer (ICP) Price Prediction: Will ICP Price Hit $40 in 2022?

  • Bullish ICP price prediction ranges from $9.73 to $20.
  • The ICP price might reach $40 soon.
  • The ICP bearish market price prediction for 2022 is $5.4.

In addition to Bitcoin and Ethereum, the Internet Computer (ICP) is the third key invention in the blockchain technology space. 

Internet Computer is a collection of protocols that enables independent data centers around the world to collaborate and give a decentralized alternative to the present centralized internet cloud providers. The ICP token is utilized for network governance (holders can vote on the network’s future) to reward network participants for good behavior and to pay transaction fees.

If you are interested in the future of Internet Computer (ICP) and would want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Internet Computer (ICP)?

In May 2021, the DFINITY Foundation unveiled Internet Computer (ICP), a distributed blockchain network with a global mission to expand Internet functionality and facilitate smart contract development. Smart contracts, which enable developers to make decentralized applications (dApps), and a talented team of crypto enthusiasts are two of the project’s many strengths. ICP also allows for nearly infinite scalability and has a robust security architecture with multiple layers of protection.

Internet Computer enables developers to construct dApps and deploy their code over the Internet. In addition, ICP enables transactions to be done in under a second and at a reasonable cost. According to the project’s founders, users can opt-out of centralized and commercial cloud services. The primary distinguishing characteristic of ICP is its use of decentralized technologies on the Internet. The project intends to return control to developers and ordinary Internet users by enlisting the assistance of network hosts and participants.

Along with Bitcoin and Ethereum, Internet Computer (ICP) is the third major blockchain innovation; it’s a blockchain that supports industry-leading 250,000 queries per second, executed with 1-second transaction finality. The storage costs no more than $0.46 per GB per month. Furthermore, it is decentralized and has a censorship-resistant sovereign physical infrastructure capable of scaling to millions of nodes via groundbreaking technology known as Chain Key cryptography.

The main objective of the Internet Computer is to extend the current public Internet by introducing Chain Key Technology. This technology is a set of cryptographic protocols consisting of several components: Threshold Relay (a consensus model), Non-Interactive Distributed Key Generation or NI-DKG, Network Nervous System or NNS (on-chain governance system), and decentralized identity also known as Internet Identity.

With Internet Computer, anyone can create software and execute it on the Internet; every user can familiarise themselves with blockchain technology, and any developer may build a DeFi application. All labor processes occur on a decentralized network using specialized hardware, whereas the majority of other blockchains operate in the cloud. Internet Computer is primarily concerned with velocity: the ICP coin operates at web speed.

ICP is the Internet Computer’s native utility token, and it is employed in functions such as governance and gas. Governance: ICP token holders can stake their tokens in the Network Nervous System (NNS) DAO to establish “Neurons” that can vote on governance ideas and collect voting rewards. ICP tokens may be burned and turned into cycles (aka, gas), which developers can pay for computation and storage fees for decentralized programs running on the network via canister smart contracts.

Internet Computer (ICP) Current Market Status

According to CoinMarketCap, Internet Computer (ICP) is trading at $7.86, with 255,283,193 ICP in circulation, at the time of writing. ICP has a 24-hour trading volume of $$69,723,185.29, and during the previous 24 hours, the price of ICP has increased by 1.57 percent.

Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading ICP. Let’s continue with our ICP price research for 2022.

Internet Computer (ICP) Price Analysis 2022

Currently, ICP ranks 34th on CoinMarketCap. Will the ICP blockchain’s most recent improvements, additions, and modifications help its price rise? Now, let’s focus on the charts in this article’s ICP price forecast first.

Internet Computer (ICP) Price Analysis – Keltner Channel

ICP/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
ICP/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of the Internet Protocol can be predicted using the Keltner Channel indications for ICP/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. If the daily candles start to break out above the top channel, then the move will usually continue to go bullish.

Internet Computer (ICP) Price Analysis – Relative Strength Index

ICP/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
ICP/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 52.23. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Internet Computer (ICP) Price Analysis – Moving Average

ICP/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
ICP/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Internet Computer (ICP)’s 200-day and 50-day Moving Averages (MAs). ICP is now on a bearish trend. Notably, the ICP 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, because the distance between the two moving averages is wide and the 100-MA is touching the prior candlesticks, indicating that the market may go sideways before breaking out the 100-MA.

Internet Computer (ICP) Price Prediction 2022

ICP/USDT 1-Day Chart (Source: TradingView)
ICP/USDT 1-Day Chart (Source: TradingView)

By looking at the daily chart of ICP/USDT, ICP price was swinging from $4.67 to $9.73. Bouncing back from the support level, ICP is now going sideways in the market and is expected to return bullish soon after breaking out at $12.

Meanwhile, our long-term ICP price prediction for 2022 is bullish since it cannot break the support level. We can expect ICP to reach $20 this year. 

Internet Computer (ICP) Price – Resistance and Support Levels 

ICP/USDT 1-Day Chart (Source: TradingView)
ICP/USDT 1-Day Chart (Source: TradingView)

This bullish chart above shows that the price of ICP has decreased in the past few months. Moreover, the price of ICP is up by 14.57% in the past 24 hours after a significant pump during the week. If this continues, ICP might keep running bulls breaking its $10 resistance 1 level, and even moving higher to the $24.8 resistance level, the bullish signal for 2022.

If ICP cannot break the $10 resistance 1 level, the bears may seize control and dethrone ICP to a downtrend stance. In simple terms, the price of ICP might fall to almost $5.4, indicating a negative signal given by the previous support level.

Internet Computer (ICP) Price Prediction 2023 

Internet Computer will hit $56.74 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $20. The growth will thereafter moderate, but no significant drops are forecast. 

Internet Computer (ICP) Price Prediction 2024 

Internet Computer price can rise to incredible heights, peaking at $87.15. Additionally, this is only feasible if the market continues its upward path. Additionally, only if Internet Computer breaks through the past psychological resistance levels.

Internet Computer (ICP) Price Prediction 2025

ICP prices might grow to $160.06 during the next three years. Furthermore, hitting this level may not be so tough for ICP because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2026

ICP prices might grow to $255.44 during the next four years. Furthermore, hitting this level may not be so tough for ICP because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2027

ICP prices might soar to $397.74 in the next five years. Furthermore, hitting this level may not be so tough for ICP as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2028

In the next five years, ICP prices could rise to $589. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. 

Internet Computer (ICP) Price Prediction 2029

In the next six years, ICP prices could rise to $897.61. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, ICP has a strong chance of reaching the previous ATH.

Internet Computer (ICP) Price Prediction 2030

In the next seven years, ICP prices could rise to $1,100.57. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, ICP has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach $1,100 if investors have decided that ICP is a good investment along with mainstream cryptocurrencies

FAQ

What is Internet Computer (ICP)?

In May 2021, the DFINITY Foundation unveiled Internet Computer (ICP), a distributed blockchain network with a global mission to expand Internet functionality and facilitate smart contract development. Smart contracts, which enable developers to make decentralized applications (dApps), and a talented team of crypto enthusiasts are two of the project’s many strengths. ICP also allows for nearly infinite scalability and has a robust security architecture with multiple layers of protection.

How to Buy Internet Computer (ICP) Tokens?

Like most digital assets in the crypto world, Internet Computer (ICP) can be traded on many exchanges. Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading ICP.

Will Internet Computer (ICP) Surpass its Current ATH?

Since Internet Computer (ICP) provides investors with a number of opportunities to profit from their crypto holdings, ICP seems to be a really good investment in 2022. However, ICP has a high possibility of surpassing its current ATH in 2029.

Can Internet Computer (ICP) reach $800 soon?

ICP is one of the cryptocurrencies which has been maintaining its uptrend position in a bearish market lately. If this bullish trend continues, ICP might be able to break from $45 and go all the way to $800. Of course, this is very likely to happen if the bullish market continues to favor crypto.

Is Internet Computer (ICP) a good investment in 2022?

It appears Internet Computer (ICP) is one of the top-growing cryptocurrencies since 2018. Internet Computer (ICP) is a promising investment for 2022 based on its track record in recent months.

What is the lowest price of Internet Computer (ICP)?

There is no data.

Which year was Internet Computer (ICP) launched?

Internet Computer (ICP) was launched in 2021.

Who are the co-founders of Internet Computer (ICP)?

Dominic Williams is the founder and chief scientist at DFINITY.

What is the maximum supply of Internet Computer (ICP)?

There is no data.

How do I store Internet Computer (ICP)?

ICP can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Internet Computer (ICP) price in 2023?

Internet Computer (ICP) price is expected to reach $56.74 by 2023.

What will be the Internet Computer (ICP) price in 2024?

Internet Computer (ICP) price is expected to reach $87.15 by 2024.

What will be the Internet Computer (ICP) price in 2025?

Internet Computer (ICP) price is expected to reach $160.06 by 2025.

What will be the Internet Computer (ICP) price in 2026?

Internet Computer (ICP) price is expected to reach $255.44 by 2026.

What will be the Internet Computer (ICP) price in 2027?

Internet Computer (ICP) price is expected to reach $397.74 by 2027.

What will be the Internet Computer (ICP) price in 2028?

Internet Computer (ICP) price is expected to reach $589 by 2028.

What will be the Internet Computer (ICP) price in 2029?

Internet Computer (ICP) price is expected to reach $897.61 by 2029.

What will be the Internet Computer (ICP) price in 2030?

Internet Computer (ICP) price is expected to reach $1100.57 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish ICP price prediction ranges from $9.73 to $20.
  • The ICP price might reach $40 soon.
  • The ICP bearish market price prediction for 2022 is $5.4.

In addition to Bitcoin and Ethereum, the Internet Computer (ICP) is the third key invention in the blockchain technology space. 

Internet Computer is a collection of protocols that enables independent data centers around the world to collaborate and give a decentralized alternative to the present centralized internet cloud providers. The ICP token is utilized for network governance (holders can vote on the network’s future) to reward network participants for good behavior and to pay transaction fees.

If you are interested in the future of Internet Computer (ICP) and would want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Internet Computer (ICP)?

In May 2021, the DFINITY Foundation unveiled Internet Computer (ICP), a distributed blockchain network with a global mission to expand Internet functionality and facilitate smart contract development. Smart contracts, which enable developers to make decentralized applications (dApps), and a talented team of crypto enthusiasts are two of the project’s many strengths. ICP also allows for nearly infinite scalability and has a robust security architecture with multiple layers of protection.

Internet Computer enables developers to construct dApps and deploy their code over the Internet. In addition, ICP enables transactions to be done in under a second and at a reasonable cost. According to the project’s founders, users can opt-out of centralized and commercial cloud services. The primary distinguishing characteristic of ICP is its use of decentralized technologies on the Internet. The project intends to return control to developers and ordinary Internet users by enlisting the assistance of network hosts and participants.

Along with Bitcoin and Ethereum, Internet Computer (ICP) is the third major blockchain innovation; it’s a blockchain that supports industry-leading 250,000 queries per second, executed with 1-second transaction finality. The storage costs no more than $0.46 per GB per month. Furthermore, it is decentralized and has a censorship-resistant sovereign physical infrastructure capable of scaling to millions of nodes via groundbreaking technology known as Chain Key cryptography.

The main objective of the Internet Computer is to extend the current public Internet by introducing Chain Key Technology. This technology is a set of cryptographic protocols consisting of several components: Threshold Relay (a consensus model), Non-Interactive Distributed Key Generation or NI-DKG, Network Nervous System or NNS (on-chain governance system), and decentralized identity also known as Internet Identity.

With Internet Computer, anyone can create software and execute it on the Internet; every user can familiarise themselves with blockchain technology, and any developer may build a DeFi application. All labor processes occur on a decentralized network using specialized hardware, whereas the majority of other blockchains operate in the cloud. Internet Computer is primarily concerned with velocity: the ICP coin operates at web speed.

ICP is the Internet Computer’s native utility token, and it is employed in functions such as governance and gas. Governance: ICP token holders can stake their tokens in the Network Nervous System (NNS) DAO to establish “Neurons” that can vote on governance ideas and collect voting rewards. ICP tokens may be burned and turned into cycles (aka, gas), which developers can pay for computation and storage fees for decentralized programs running on the network via canister smart contracts.

Internet Computer (ICP) Current Market Status

According to CoinMarketCap, Internet Computer (ICP) is trading at $7.86, with 255,283,193 ICP in circulation, at the time of writing. ICP has a 24-hour trading volume of $$69,723,185.29, and during the previous 24 hours, the price of ICP has increased by 1.57 percent.

Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading ICP. Let’s continue with our ICP price research for 2022.

Internet Computer (ICP) Price Analysis 2022

Currently, ICP ranks 34th on CoinMarketCap. Will the ICP blockchain’s most recent improvements, additions, and modifications help its price rise? Now, let’s focus on the charts in this article’s ICP price forecast first.

Internet Computer (ICP) Price Analysis – Keltner Channel

ICP/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
ICP/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of the Internet Protocol can be predicted using the Keltner Channel indications for ICP/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. If the daily candles start to break out above the top channel, then the move will usually continue to go bullish.

Internet Computer (ICP) Price Analysis – Relative Strength Index

ICP/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
ICP/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 52.23. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Internet Computer (ICP) Price Analysis – Moving Average

ICP/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
ICP/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Internet Computer (ICP)’s 200-day and 50-day Moving Averages (MAs). ICP is now on a bearish trend. Notably, the ICP 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bullish. However, because the distance between the two moving averages is wide and the 100-MA is touching the prior candlesticks, indicating that the market may go sideways before breaking out the 100-MA.

Internet Computer (ICP) Price Prediction 2022

ICP/USDT 1-Day Chart (Source: TradingView)
ICP/USDT 1-Day Chart (Source: TradingView)

By looking at the daily chart of ICP/USDT, ICP price was swinging from $4.67 to $9.73. Bouncing back from the support level, ICP is now going sideways in the market and is expected to return bullish soon after breaking out at $12.

Meanwhile, our long-term ICP price prediction for 2022 is bullish since it cannot break the support level. We can expect ICP to reach $20 this year. 

Internet Computer (ICP) Price – Resistance and Support Levels 

ICP/USDT 1-Day Chart (Source: TradingView)
ICP/USDT 1-Day Chart (Source: TradingView)

This bullish chart above shows that the price of ICP has decreased in the past few months. Moreover, the price of ICP is up by 14.57% in the past 24 hours after a significant pump during the week. If this continues, ICP might keep running bulls breaking its $10 resistance 1 level, and even moving higher to the $24.8 resistance level, the bullish signal for 2022.

If ICP cannot break the $10 resistance 1 level, the bears may seize control and dethrone ICP to a downtrend stance. In simple terms, the price of ICP might fall to almost $5.4, indicating a negative signal given by the previous support level.

Internet Computer (ICP) Price Prediction 2023 

Internet Computer will hit $56.74 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $20. The growth will thereafter moderate, but no significant drops are forecast. 

Internet Computer (ICP) Price Prediction 2024 

Internet Computer price can rise to incredible heights, peaking at $87.15. Additionally, this is only feasible if the market continues its upward path. Additionally, only if Internet Computer breaks through the past psychological resistance levels.

Internet Computer (ICP) Price Prediction 2025

ICP prices might grow to $160.06 during the next three years. Furthermore, hitting this level may not be so tough for ICP because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2026

ICP prices might grow to $255.44 during the next four years. Furthermore, hitting this level may not be so tough for ICP because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2027

ICP prices might soar to $397.74 in the next five years. Furthermore, hitting this level may not be so tough for ICP as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Internet Computer (ICP) Price Prediction 2028

In the next five years, ICP prices could rise to $589. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. 

Internet Computer (ICP) Price Prediction 2029

In the next six years, ICP prices could rise to $897.61. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, ICP has a strong chance of reaching the previous ATH.

Internet Computer (ICP) Price Prediction 2030

In the next seven years, ICP prices could rise to $1,100.57. More so, reaching this level could not be so difficult for ICP as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, ICP has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach $1,100 if investors have decided that ICP is a good investment along with mainstream cryptocurrencies

FAQ

What is Internet Computer (ICP)?

In May 2021, the DFINITY Foundation unveiled Internet Computer (ICP), a distributed blockchain network with a global mission to expand Internet functionality and facilitate smart contract development. Smart contracts, which enable developers to make decentralized applications (dApps), and a talented team of crypto enthusiasts are two of the project’s many strengths. ICP also allows for nearly infinite scalability and has a robust security architecture with multiple layers of protection.

How to Buy Internet Computer (ICP) Tokens?

Like most digital assets in the crypto world, Internet Computer (ICP) can be traded on many exchanges. Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading ICP.

Will Internet Computer (ICP) Surpass its Current ATH?

Since Internet Computer (ICP) provides investors with a number of opportunities to profit from their crypto holdings, ICP seems to be a really good investment in 2022. However, ICP has a high possibility of surpassing its current ATH in 2029.

Can Internet Computer (ICP) reach $800 soon?

ICP is one of the cryptocurrencies which has been maintaining its uptrend position in a bearish market lately. If this bullish trend continues, ICP might be able to break from $45 and go all the way to $800. Of course, this is very likely to happen if the bullish market continues to favor crypto.

Is Internet Computer (ICP) a good investment in 2022?

It appears Internet Computer (ICP) is one of the top-growing cryptocurrencies since 2018. Internet Computer (ICP) is a promising investment for 2022 based on its track record in recent months.

What is the lowest price of Internet Computer (ICP)?

There is no data.

Which year was Internet Computer (ICP) launched?

Internet Computer (ICP) was launched in 2021.

Who are the co-founders of Internet Computer (ICP)?

Dominic Williams is the founder and chief scientist at DFINITY.

What is the maximum supply of Internet Computer (ICP)?

There is no data.

How do I store Internet Computer (ICP)?

ICP can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Internet Computer (ICP) price in 2023?

Internet Computer (ICP) price is expected to reach $56.74 by 2023.

What will be the Internet Computer (ICP) price in 2024?

Internet Computer (ICP) price is expected to reach $87.15 by 2024.

What will be the Internet Computer (ICP) price in 2025?

Internet Computer (ICP) price is expected to reach $160.06 by 2025.

What will be the Internet Computer (ICP) price in 2026?

Internet Computer (ICP) price is expected to reach $255.44 by 2026.

What will be the Internet Computer (ICP) price in 2027?

Internet Computer (ICP) price is expected to reach $397.74 by 2027.

What will be the Internet Computer (ICP) price in 2028?

Internet Computer (ICP) price is expected to reach $589 by 2028.

What will be the Internet Computer (ICP) price in 2029?

Internet Computer (ICP) price is expected to reach $897.61 by 2029.

What will be the Internet Computer (ICP) price in 2030?

Internet Computer (ICP) price is expected to reach $1100.57 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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