Internet Computer (ICP) Price Prediction 2024-2030: Will ICP Price Hit $100 Soon?

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Internet Computer (ICP) Price Prediction 2022
  • The price of ICP is expected to hit $21.51 before the end of 2024.
  • The price might hit $40 in 2028 but that could be after a two-year correction period.
  • In 2030, ICP’s price could be $142, however, the token might not surpass its ATH in the following year.

Moving from a three-figure price to a single-digit value in less than two years was not something that ICP holders expected. But in 2022, some insiders of the project had other plans, and this led to the collapse of the token.

However, 2023 came with respite for Internet Computer as the project came back on track. While the price action has been impressive, some are still skeptical about the long-term relevance. In this article, Coin Edition looks at the fundamentals of the project, and its price prediction from 2024 to 2030.

Internet Computer (ICP) Real Time Market Status

🪙 Name Internet Computer
💱 Symbol ICP
🏅 Rank #20
💲 Price $13.4371371854
📊 Price Change (1h) -1.19 %
📊 Price Change (24h) 6.57 %
📊 Price Change (7d) 12.99 %
💵 Market Cap $6235950664.81
💸 Circulating Supply 464083277.47 ICP
💰 Total Supply 518854313.658 ICP

Internet Computer (ICP) is currently trading at $13.4371371854 and sits at number #20 on CoinMarketCap in terms of market capitalization. There are 464083277.47 ICP coins currently in circulation, bringing the total market cap to $6235950664.81.

Over the past 24 hours, Internet Computer has increased by 6.57%. Looking at the last week, the coin is up by 12.99%.

What is Internet Computer?

Internet Computer is a blockchain that allows full-scale end-to-end decentralization. By this, we mean that it connects anyone interested in the project using a router. Internet Computer uses a permissionless network known as node machines.

While the project has some links to the Proof-of-Stake (PoS) consensus, it does not employ the validator approach. Instead, it runs on dedicated independent data centers to keep the network running without a stop.

Furthermore, developers can build smart contracts on Internet Computer, and these smart contracts can also interact with one another using a software “actor” model. For those unfamiliar, the native token of the project is ICP, and it has three main use cases.

First, ICP can be staked in the permissionless Network Nervous System (NNS) of Internet Computer. This also allows holders of the token to vote on certain proposals. Beyond that, ICP provides computational power which helps to create deflationary pressure for the token. 

Also, the token works as a store of value and allows users to invest in sales put together by specific web3 projects. Some of the most popular involvement of Internet Computer include NFTs, Gaming, and Decentralized Finance.

ICP Current Market Status

As of this writing, the price of ICP was $12.07. However, the trading volume of the token increased by 10.14% in the last 24 hours. This ensured that the volume reached $139.98 million, indicating increased interest in ICP.

Per its market cap, CoinMarketCap showed that it was $5.59 million and ranked the 20th  most valuable cryptocurrency. The maximum supply of ICP is not known but its total supply is 518.81 million tokens while 464.04 million are in circulation.

ICP can be bought on different platforms. Some of them include centralized exchanges like Binance, Coinbase, Bitfinex, HTX, OKX, and Bybit.

Internet Computer (ICP) Price Analysis

Price is an important aspect of any cryptocurrency. For ICP, it is not any different. Therefore, this section analyzes the short-term potential of ICP and its possible price predictions from 2024 to 2030.

Internet Computer (ICP) Price Analysis – Bollinger Bands

On the 4-hour chart, ICP had formed a descending channel which took the price from $16.02 to $12.04. However, the lower highs and lower lows could be great for the token if combined with the indications from the Bollinger Bands.

As of this writing, the BB was approaching its lowest contraction point, indicating that ICP might trade within a tight range. However, if the volatility gets too low, it could be a sign that a breakout is imminent.

ICP/USD 4-Hour Chart (Source: TradingView)

Looking at the chart below, ICP seemed ready to exit the down channel. If validated, the price of the token could jump and hit $14.

Internet Computer (ICP) Price Analysis – Relative Strength Index (RSI)

In terms of the Relative Strength Index (RSI), the 4-hour chart showed that it recently crossed the 50.00 neutral spot. Surpassing this zone implies that ICP had switched from a bearish momentum, and was now moving into a bullish one.

ICP/USD 4-Hour Chart (Source: TradingView)

To validate this movement, buying pressure for the token has to increase. Failure to do this might move the price below $12. However, a surge in momentum might help ICP climb, and the $114 prediction might come to pass.

Internet Computer (ICP) Price Analysis – Moving Average Convergence Divergence

Signals from the Moving Average Convergence Divergence (MACD) showed that ICP’s momentum was not entirely bullish. At press time, the MACD was positive, suggesting that an upward run could be close.

ICP/USD 4-Hour Chart (Source: TradingView)

However, the 12 EMA (blue) and 26 EMA (orange) readings were negative— an indication of indecisiveness between bulls and bears. Should the 12 EMA be much higher than the 26 EMA, then ICP might face the north direction. But if it stays the same, the price might trade sideways.

Internet Computer (ICP) Price Prediction 2024

On the daily chart, Coin Edition considered the Exponential Moving Average (EMA). From our analysis, the 50 EMA (blue) had crossed over the 200 EMA (yellow) since November 2023. This was a bullish sign and was one of the reasons ICP climbed to $16.25 in January.

As it stands, the 200 EMA has not flipped the 50 EMA, indicating that there is a chance for the token to higher price in 2024. By the look of things, bulls were creating demand at $12.01. 

ICP/USD Daily Chart (Source: TradingView)

The last time, such a zone came to life, the price of ICP rallied from $11.84 to $19.08 within a few days. As such, ICP might hit an extremely high price in 2024, and a target of $21.51 seems realistic.

Internet Computer (ICP) Price Prediction – Resistance and Support Levels

Looking back at the 4-hour chart, Coin Edition was able to identify some critical points for ICP. First off, there was resistance at $12.49 which could be the next area of interest that traders might target.

ICP/USD 4-Hour Chart (Source: TradingView)

A close above this region could send ICP’s price to the upper support at $12.83. However, rejection might force the price down, and a return to $11.31 could be next for the token. But as it stands, ICP seemed ready to break through the resistance, and a close above it could send the value toward $14.10 which was another supply area.

Internet Computer (ICP) Price Prediction 2025

ICP’s price is expected to increase in 2025. There are several reasons for this projection.  But here, we will mention a few. Different research publications have predicted that the gaming ecosystem will experience a lot of adoption within the next year.

Since ICP is also a gaming token, its price is expected to gain from the surge in traction. Apart from that, the crypto bull market might also extend into the year, leaving ICP’s price prediction at $28.75.

Internet Computer (ICP) Price Prediction 2026

In 2026, ICP might not perform as well as it is projected to do before the end of 2024 and 2025. This is because holders of the token might take profits from it, triggering a decline in demand. As such, the price might lose 50% of its value and trade at $14.

Internet Computer (ICP) Price Prediction 2027

2027 might be challenging for ICP too. From our projection, the market might be in a bear phase by that time, and altcoin might produce an underwhelming performance by then. As such, the price of ICP could be $10 in 2027.

Internet Computer (ICP) Price Prediction 2028

The price of ICP might bounce back in 2028. By this time the gaming ecosystem and adoption of DeFi might have hit unimaginable levels. Furthermore, the Internet Computer community might have grown by millions. This leaves the price with no option but to increase. Therefore, the price of ICP could hit $40 in 2028.

Internet Computer (ICP) Price Prediction 2029

By 2029, market participants might expect ICP to rally to $100. But it does not seem like the token would achieve that milestone within that period. That said, ICP’s price might double its value in 2028 and hit $80 in 2029.

Internet Computer (ICP) Price Prediction 2030

ICP’s price could go against all odds, and hit surpass $100 in 2030. This could be due to increased demand for the token, and a global adoption of cryptocurrencies. That said, the price of the token might be $142 in 2030.

Internet Computer (ICP) Price Prediction 2040

Looking at the potential of ICP, the year 2040 could be great for the token. With this in mind, the price growth could be astronomical. From our price prediction model, ICP might change hands above $300 in 2040.

Minimum Price Average PriceMaximum Price
$235.70$287.03$319.49

Internet Computer (ICP) Price Prediction 2050

The price of ICP might record an impressive price in 2050. However, the token might not be able to surpass its all-time high by that period. But a move to $520 at the maximum looks very likely.

Minimum Price Average PriceMaximum Price
$447.16$497.63$520.00

Conclusion

In conclusion, remember that nothing is guaranteed in this highly volatile market, and predictions can change at any time due to many factors. However, it seems that Internet Computer is a strong project.

At the same time, that does not imply that it would continue to be a top 20 cryptocurrency in terms of market cap. Therefore, you should watch out for the developments about the project before making any decision to buy the token or not.

FAQs

What is ICP?

ICP is the native cryptocurrency of Internet Computer, a project with a wide range of use cases including DeFi, Gaming, and NFTs.

How do you buy ICP?

You can buy ICP by visiting some exchanges. Some of the exchanges to buy ICP include Binance, Bybit, Coinbase, and a few others.

Is ICP a good investment?

Those who bought ICP in its early stages can agree that the token was not a good investment considering how fast the price crashed in 2021. During that period, insiders of the project sent billions in tokens to exchanges to sell. 

With 75% of the total supply ut up for sale, ICP dumped from a three-digit price to $5 in 2022. However, the token has performed well over the last year. But whether it would continue to be a good investment, only time will tell.

What is ICP’s all-time high?

ICP’s all-time high was $750.73 in 2021.

Will ICP reach $100 soon?

ICP can reach $100. However, this might not be as soon as holders of the token might want it to be. This is because some market participants might evade buying the token because of its bad history. As such, demand might not be as high as expected. For the token to reach $100, its market cap has to be close to $60 billion. But this seems unlikely in the short term.

What is the maximum supply of ICP?

The maximum supply of ICP is not open to the public. But its total supply is over 500 million tokens.

Will ICP surpass its current ATH?

It might be a herculean task for ICP to surpass its current ATH. Currently, the token is over 70 times lower than its ATH, meaning that the project almost fizzled out of the market before a recovery sometimes back.

Over the next two years, ICP might not surpass its current ATH. But anything can happen in the future, and the token might hit it. However, this could take more than five years.

What is the lowest price of ICP?

The all-time low of the token was $2.87 in 2022.

Who is the founder of ICP?

DFINITY Foundation, a research and development firm in Switzerland, founded Internet Computer.

Which year was ICP launched?

ICP was launched in 2018.

How do I store ICP?

You can store ICP on crypto wallets like Plug Wallet and AstroX ME Wallet. However, if you opt against storing the token online, you can store it on a hardware wallet like Ledger.

What will be the price of ICP in 2024?

The price of ICP could be $21.51  in 2024.

What will be the price of ICP in 2025?

By 2025, ICP’s price could hit $28.75.

What will be the price of ICP in 2026?

A widespread profit-taking is expected to plunge ICP’s price to $14 in 2026.

What will be the price of ICP in 2027?

The price of ICP could be $10 before the end of 2027.

What will be the price of ICP in 2028?

ICP’s value might increase and hit $40 in 2028.

What will be the price of ICP in 2029?

The price of ICP is expected to reach $80 in 2029.

What will be the price of ICP in 2030?

ICP’s price could be $142 in 2030.

What will be the price of ICP in 2040?

By 2040, the price of ICP is expected to reach $319.49.

What will be the price of ICP in 2050?

The price of ICP could be $520 in 2050.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.