Internet Computer (ICP) Price Prediction 2024-2030: Will ICP Price Hit $25 Soon?

• Bullish Internet Computer (ICP) price prediction ranges from $15 to $25.
• Analysis suggests that the ICP price might reach above $24.
• The ICP bearish market price prediction for 2024 is $4.8.

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 2024, 2025, and 2030, keep reading!

Internet Computer (ICP) Real Time Market Status

What Is Internet Computer (ICP)?

Internet Computer integrates a radically reconceptualized blockchain design that is powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without the need for traditional IT such as cloud computing services. As such, it can enable full end-to-end decentralization.

The Internet Computer website states: 

We aim to create a “blockchain singularity” in which every system and service is rebuilt and reimagined using smart contracts and runs entirely from the infinite public blockchain without the need for traditional IT.

The Internet Computer blockchain was developed by the DFINITY Foundation, headquartered in Zürich, Switzerland, which runs R&D centers in Switzerland and California, and remote teams worldwide.

The DFINITY Foundation was founded in Switzerland in October 2016 to organize the development of the Internet Computer blockchain. The name DFINITY is an abbreviated version of “decentralized infinity,” and dates from early 2015. It was first used by project founder, Dominic Williams, to refer to his theoretical crypto work, which he hoped would make a World Computer possible.

Analysts’ Views on Internet Computer 

In a tweet themed “How to be wealthy by 2030” MartyParty, a blockchain architect nominated some altcoins that will form the network of the future. According to him, Solana, Avalanche, and Aptos were among the top three, while Internet Computer ranked ninth chronologically. 

Furthermore, MartyParty gave a cut-off price for the altcoins and advised his follower to accumulate those coins/tokens as long as they were under the cut-off price. He stated, “Accumulate ICP under 5 forever”. 

Internet Computer (ICP) Price Analysis 2024

Will the ICP blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in trends and the behavior of traders in the crypto industry affect ICP’s sentiment over time? Read more to find out about ICP’s 2023 price analysis.

Internet Computer (ICP) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When this setup is used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. 

The above thesis is derived from an Empirical law also known as the three-sigma rule or the 68-95-99.7 which states that almost all observed data for a normal distribution (Gaussian distribution) will fall within three standard deviations. 

As such, for a data set that follows a normal distribution, 68% of data will fall within 1 standard deviation of the mean, while 95% of data for the normal distribution will fall within 2 standard deviations of the mean and 99.7% of data will fall within 3 standard deviations of the mean. 

Hence, as the Bollinger bands are calculated using two standard deviations, we could expect ICP to abide within the Bollinger bands 95% of the time. (i.e. whenever the cryptocurrency touches the upper band, the chances of it coming down are 95%.). This concept applies vice-versa as well. 

Moreover, the sections highlighted by green rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility.

Additionally, the red rectangles represent two distinct occasions where ICP hugged the lower band and in a separate incident hugged the upper band. When either of these happens the market is either overbought (when the upper band is tested) or oversold (when the lower band is tested).  

The above chart shows that recently the Bollinger bands widened after an extended period of consolidating. The red lines above the upper bands are the fib levels 3, 4, and 4.25 while the green lines below the lower bands are the same fib levels in the lower region. With high volatility, it could be noted that the upper band went above the 4.25 fib level which was the threshold for volatility. However, these levels of volatility are abnormal and do not stay for long. 

Hence, we could see that the bands retraced and fell below the fib 3 level. At the heights of volatility, ICP touched the upper band which was above the fib 3 level. However, the market corrected the prices and currently, ICP has gained stability in a new price zone. The Bollinger bandwidth percentile which records the width of the band as a percentage reads a value of 73.41%. This shows that the bands are fairly gaping. 

Nonetheless, as the line is going down, there is a chance that the price could move sideways as there could less volatility in the market. 

Internet Computer (ICP) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish.

When considering the first green rectangle from the left of the chart we can see that the  RSI is below the signal. Hence, ICP is bearish and as a result, it is making lower lows. The second green rectangle shows that the RSI line (purple) is above the Signal line (yellow). As such, ICP is bullish or gaining value. Therefore it is reaching higher highs as shown in the chart. 

Currently, the RSI reads a value of 56. Since the RSI is neither in the overbought nor in the oversold region, the trend is neutral. Lately, the RSI has been making lower lows and this contradicts with ICP making higher lows. This is a bearish divergence. This shows that higher highs of the ICP haven’t been significant enough to show some action on the RSI indicator. 

However, there seems to be some improvement in the RSI at press time as it is directed towards the overbought region. Note, that as per the timeframe added in the RSI, the behavior of the RSI line could change.

The above chart shows the supply and demand zones for ICP based on the RSI indicator. The dark green line is the Overbought Top while the light green line is the Overbought Bottom. The light red is the Oversold Top while the dark red is the Oversold Bottom. 

As seen in the chart above, ICP is currently between the Overbought Top and Bottom. It is rising towards the Overbought Top. With more and more buyers entering the market, the demand for ICP could increase and this could be reflected in a price rise. 

The RSI Volume Weighted Average Percentile (RSI-VWAP) indicator shows a value of 51. The RSI-VWAP is an indicator that has been correlated with the volume. Recently, the RSI-VWAP has been making lower highs and lower lows. As such, this shows that the volume has been reducing and it leads to the question, will there be enough buyers to pump the price of ICP?

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

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

Furthermore, there is an average line drawn of the MACD values. This acts as a reference to compare how well the MACD line is performing relative to the past. Usually when the MACD falls below the signal line, it is a warning sign that the MACD could go into the negative zone. And when the MACD crosses the signal from below, it is good news for traders, as it gives signs of a bullish market ahead. 

Pragmatically, traders use the MACD to decide their take profit and entry points. For instance, when the MACD is deep in the negative zone, it is often found below the signal. However, though in the negative zone, when the MACD crosses the signal from below, buyers tend to set their entry point at the point of intersection. Moreover, when the MACD reads high positive values, the bull run could be coming to an end. 

Hence, when the MACD crosses below the signal in the positive region, traders set their take profits at the intersection of the two lines. Although this is a common practice, the token need not necessarily follow, the anticipated path.    

Currently, the MACD  reads a value of 0.13 and it is heading to the negative zone. Since the MACD is below the signal line, traders who want to go long may need to wait for the MACD to cross the signal line from below. This could happen in the positive or negative region.  

The above chart shows the uptrend and downtrend based on MACD. As the 12-day EMA and 26-day EMA lines are very close to each other, there could be an intersection that could happen. If the yellow line crosses the green line from below then, there could be a fall in price and the heatmap may turn red. 

The Volume Weighted MACD which is an indicator that combines volume with MACD shows that the 12-day EMA is approaching the 26-day EMA from below. This shows that more buyers are entering the market. If these two cross, then, there is a high chance that prices could increase. 

Internet Computer (ICP) Price Prediction 2024-2030 Overview

Internet Computer (ICP) Price Prediction 2024

When looking at the chart above it can be seen that ICP is taking the Wyckoff pattern. During phase A, when ICP was on a downtrend, it was searching for support and found its first preliminary support near $12. As the selling spree continued, ICP further fell until it reached the support level of $4.8. After the heavy selling pressure has been dumped, there is an automatic rally. The token then enters Phase B which is where the building for the next uptrend begins. At this phase, large institutions keep buying the token at very low prices. 

At the initial stages of Phase B, the price amplitude is quite large backed with more volume. However, towards the end of Phase B, the supply is absorbed. This contracts the price swing and the volume gradually dwindles. 

Then the token enters phase C where the smart money operators decide whether the remaining supply of stock is ready for a markup. At this stage usually, the price falls below the trading range and most of the traders think that the trend has changed. However, the price falls below the trading range and bounces right back up. Many positions get liquidated at this stage. 

Thereafter, the token enters phase D where demand will dominate the supply. Widening price swings and increasing volume could be seen in this stage. Although a last point of support is invisible in the chart above, usually phase D has this point where most traders going long make the entry here.  

Finally, the token enters Phase E where the demand is in full control and the price will thrust to a new high trading range. Currently, as phase D is near completion, ICP has the potential to rise to $24. However, if by any chance, this pattern is dismantled by whales or other market conditions, ICP may fall as low as $5.

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

The above chart shows how ICP was heavily dependent on Support 2 and at times even reached out for help from Support 1 below it. If the Wyckoff pattern is discontinued, there is a high chance that ICP could test Support 2. However, it won’t be easy for the bears to break this support level. Meanwhile, in the recent past, ICP broke all the lateral support levels and rose exponentially, and this could be the latter end of the formation of the Wyckoff pattern.

The above chart specifies the latest activity of ICP and the resistance and support levels based on its activity. The red horizontal lines show the resistance levels while the green lines show the support level. Since the gap between the support and resistance levels is widening, this supplements the fact that this could be the building up of phase E. 

The resistance and support levels by volume are denoted by the red and green patches. Looking at the green patch, it could be seen that there is support at $10, $6.2, and $5.3. Additionally, there seems to be healthy trading activity happening above the current ICP prices.

Internet Computer (ICP) Price Prediction 2025

ICP may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ICP will continue to rise in 2025 forming new resistance levels. It is expected that ICP would trade beyond the $36 level.

Internet Computer (ICP) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ICP could tumble into its support regions. During this period of price correction, ICP could lose momentum and be a little below its 2025 price. As such it could be trading at $45 by 2026. 

Internet Computer (ICP) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such we could expect ICP to trade at around $52 by the end of 2027. 

Internet Computer (ICP) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ICP will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ICP would be trading at $61 after experiencing a massive surge by the end of 2028. 

Internet Computer (ICP) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ICP could be trading at $85 by the end of 2029.

Internet Computer (ICP) Price Prediction 2030

After witnessing a bullish run in the market, ICP and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ICP could be trading at $110.

Internet Computer (ICP) Price Prediction 2040

The long-term forecast for ICP indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then ICP could fall in value. It is expected that the average price of ICP could reach $180 by 2040.

Internet Computer (ICP) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ICP could hit $250. 

Conclusion

If investors continue to show interest in ICP and add these tokens to their portfolio, then, it could continue to rise up. ICP’s bullish price prediction shows that it could reach the $25 level. 

FAQ

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.

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