Internet Computer Price Prediction 2022: Will ICP Bounce 2X This Time?

The post Internet Computer Price Prediction 2022: Will ICP Bounce 2X This Time? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The world of the Defi industry has been on a rollercoaster ride. With a myriad of projects debuting in the market to mark their foothold. Projects like Internet Protocol (ICP) came with stupendous ideas of allowing the public to develop innovative decentralized applications. 

Furthermore, its blockchain-based computer allocates and gauges smart contract computation and data collection at web speed. Besides, it also grossly oversimplifies the implementation and storage of information. And offers flexible software architectures to the ICP community’s programmers.

Are you one of the many who missed the bandwagon of ICP’s historic price run, and have been analysing the future prospects? Look no further, as we decode the feasible price targets for 2022 and the years to come!

Overview

Cryptocurrency	Internet Computer
Token	ICP
USD Price	$7.05
Market Cap	$1,648,930,849
Circulating Supply	233,990,407.77 ICP
Trading Volume	$92,403,887
All-time high	$750.73 (May 10th, 2021)

*The statistics are from press time. 

Internet Computer (ICP) Price Prediction For 2022

Potential low	Average Price	Potential high
$9.95	$11.98	$14.22

The coin landed in 2022 with a price of $25.63. In mid-January, it rose to $32.51. However, the up-trend was short-lived, and the coin fell to $20 by the end of the month. A similar pattern was observed in February, as the coin was trading at about $21.6 on the 10th of February. 

On 24th, it rolled down further to touch the price margin of $16.6. And railed up to $20 on the last day of February. Moreover, the coin zigzagged about the price margin of $20 until mid-March. Fast forward to April, ICP railed down to $16 on the 12th of April. It continued the downtrend to touch the price of $14.1 on the 29th of the same month. 

The token smashed into May with a price of $12 and fell to $7.2 on the 12th of May. However, the entire crypto-economy has the potential to attain record highs in July 2022. Considering the state of the ICP, we may achieve the anticipated benchmark well before the climax of 2022. 

Internet Computer (ICP) Price Prediction For Q2

The currency’s price could be heavily influenced by its upcoming update, known as Chromium. For about the first time, smart contracts would be written utilising Bitcoin kudos to the Chromium’s greatest update. The IC’s response time and low processing fees blended with Bitcoin’s digital money pledge a slew of genuinely innovative DeFi dapps. 

Materializing this, the price of the altcoin could soar to a maximum of $8.62 by the end of the quarter. However, being captive of the bears could result in the price plunging to a minimum of $6.07. That said, a balance in buying and selling pressures could land the price at $7.38. 

ICP’s Forecast For Q3

Internet Computer had already advocated for a transition in the crypto space away from the central model. Toward the one where smart contracts pay for their implementation. Sonic, which would launch a DEX on the subnet, would also introduce a computer-controlled market maker. Which will operate on the Internet Computer blockchain technology and offer customers permissionless swapping of tokens.

Seeking impetus from which, the price of ICP could shoot up to a maximum of $10.88 by the end of 2022. On the flip side, the altcoin could take a dip to the lows of $7.98. Constrained by the linear momentum of the digital asset, the average price could hover around $9.27. 

Internet Computer Prediction For Q4

With all the latest developments and investments flowing into the ecosystem, ICP has a solid chance to upsurge. In such a case, the price of ICP could claim a high of $14.22 by the termination of the annual trade. However, a possible dump coming from a financial crisis could knock the price to the low of $9.95. Considering the bullish and bearish targets, the regular price could settle at $11.98.  

ICP’s Price Forecast For 2023

One of the primary objectives of The Internet Computer is to battle with IT behemoths. Numerous massive corporations, such as Aws and Google, handle the preponderance of web hosting services. They have the right to prohibit services unilaterally and rewrite the rules of functioning freely. All forthcoming ICP updates will focus on assisting individuals indirectly in hosting their code on the open web.

If it thrives, this will serve an important purpose in Web 3.0. Then, the protocol will target users worldwide on a centralized system and turn the tables in the Internet system. Wherefore, the price of ICP could chug up to a maximum of $24.65 by the end of 2023. In contrast, failing to adhere to its commitments could result in negative criticism that could slash the price to $13.03. 

Price Prediction Of ICP For 2024

The influx of safety and manageability features, coupled with intriguing ad campaigns, can elevate Internet Computer’s price to a notable extent. In such a case, the price could propel to its potential high of $39.73. Conversely, a possible regulatory clampdown could dissolve the price to a minimum of $22.71.

Price Trajectory For 2025

The year 2025 could bring in a considerable price hike for the broader industry. Internet Computers developmental projects focusing on education, awareness, and technological prowess could escalate the cost to $65.42. However, emerging rivals, stiffer competition, and the lack of fueling initiatives could drag the price to lows of $36.72. 

Year	Potential Low	Potential high
2023	$13.03	$24.65
2024	$22.71	$39.73
2025	$36.72	$65.42

What Does The Market Say?

Trading Beasts

  According to the prediction of Trading Beasts. The digital asset is expected to close the year 2022 with a pricier tag of $18.435. Whilst a reversal in trend could knock the price down to $12.53. A balance in buying and selling pressures could land the price at $14.748. The firm also hosts targets for the long term. Accordingly, the altcoin is expected to surge to $35.422 by the end of 2025. 

Digital Coin Price

  As per the forecast of Digital Coin Price. The price of ICP is anticipated to propel to its potential high of $10.01 by the end of 2022. The analysts from the firm have pinned the maximum closing targets for 2023 and 2025 at $11.46 and $15.38 respectively. 

Priceprediction.net

  The forecast of the website has pinned the maximum annual closing targets for 2022 at $10.7. The analysts believe the altcoin could land at the minimum and average targets of $9.49 and $9.86 by the end of 2022. Successively, the altcoin is anticipated to close the year 2025 at its potential high of $35.12.  

Click here to read our price prediction of Bitcoin (BTC)!

What Is the Internet Computer?

Internet Computer was developed by DFINITY- an NGO is one of the successful organization. That attracted a considerable amount of funds from investors during its early stages. The organization was founded in the October of 2016 by Williams. It had garnered the interest of the masses owing to the implementation of blockchain technology. 

The Foundation launched the Internet Computer in May of 2021. Internet Computer’s ICP is a utility token that empowers customers to connect and administer the Internet Computer public blockchain. The protocol aims to simplify building websites alongside internet services, and DeFi programs. This would be done by allowing users to run existing code on the open Network.

Fundamental Analysis

The platform is designed with the intent of storing data using blockchain and retrieval of the same as an open-source digital asset. The ICP is a node in decentralizing the power of the Internet. The project has been helping build services to devise a relatively more diverse, productive, passionate, and dominant ecosystem.   

Furthermore, it wears the crown of the world’s first and largest blockchain. Which operates at web speed and therefore has no restriction on bandwidth. Besides Ethereum, it also includes three other blockchain innovations.

Our Price Prediction

As per the formulated price prediction of Coinpedia. Considering the recent developments and the planned updates as per the roadmap. The maximum price of ICP can be $14 by the end of December of 2022. Apart from that, the minimum and the average cost of ICP could be around $12 and $10, respectively. 

Historical Price Sentiments

2021

It was worth a whopping $737.20 when ICP was initially listed on Coinbase Pro on May 10th, 2021. Nevertheless, the price decreased to $250 almost shortly thereafter. It then climbed to $491 that day before plummeting again. This happened after the other major platforms, like Huobi, Binance, etc.,  joined Coinbase Pro.

The value dropped until May 19, when it struck an all-time low of $111 for the very first time. The following morning, the value soared to $223. It continued to oscillate between $120 and $166 afterwards.

Buyers pushed it through the $120 resistance mark on June 3, but the impetus quickly disappeared. Consequently, the value started dropping, and again on June 14, the cryptocurrency entered a record of a new ATL of $20.08. Since then, its price in moved too and fro about this price margin.

To read our price prediction of Ethereum click here!

FAQs