Internet Computer ICP Price Prediction: Can ICP Crypto Reach $1000?

February 9, 2024

Price Prediction

Sean Korbett

Internet Computer is one of the most discussed projects in the crypto field. This blockchain network with its native coin ICP seeks to improve compute and data storage through increased decentralization, speed, and efficiency. The initiative intends to address issues with the conventional Internet, including service monopolization, inadequate system security, and misuse of personal information. How will its native coin’s price change in the future? Discover ICP price prediction in StealthEX’s latest article.

Internet Computer (ICP) Overview

The Internet Computer is the crypto market’s most complicated network in terms of functionality. The goal of the Internet Computer team is to replace the private internet infrastructure. ICP uses a technology called Chain Key Technology. This technology consists of several systems such as consensus threshold relay, internet identity (IID), network nervous system (NNS) and so on. Internet Computers operates 48 data centers across the globe. Thousands of nodes are operating in every data center to keep the network secure. Then, when the nodes are joined together, they create a subnet. Subnets use a Proof-of-Stake (PoS) process and are frequently regarded as independent blockchains. Any token may be staked; the greater the return for the token holder, the more tokens they have staked. Depending on the chosen subnet node that validates the transaction will receive rewards in the form of the chosen token. The Threshold Relay is the name of this early technology.

ICP is developed by the Dfinity Foundation, a non-profit organization based in Zurich, Switzerland, with the vision of extending the functionality of the public internet and enabling the creation of a new open web. When Web3 services have been built using other blockchain ecosystems, the traditional IT used can be replaced by Internet Computer smart contracts which may provide more efficient decentralized data storage and processing. Developers can extend other blockchain services and build SocialFi, GameFi and metaverse Web3 services, DeFi rails that serve their own web experiences and enterprise systems using Internet Computer smart contracts.

Internet Computer Features

Internet Computer offers a number of features within the crypto space. These are:

• Internet Identity (IID). Anyone who wants to buy an ICP token and/or use ICP for services on the network, it is necessary to create an Internet Identity (IID). When creating an ID, the user also creates a wallet for the ICP token or ICP wallet. Devices that used to create ID will later become the same device to confirm transactions. In addition, the user can use the device to synchronize with other devices in same ID.
• Chain Key Technology and NNS. Chain Key Technology allows the subnets in the IP network to communicate with each other through the Network Nervous System (NNS) of the ICP. Chain key cryptography uses a single public key to allow connected devices to verify the authenticity of artifacts from the Internet Computer blockchain. This contrasts from traditional blockchains which require large amounts of data to verify even small artifacts. NNS runs in a hierarchical system that has four levels.
• Governance. Holders can stake their tokens in neurons to participate in the governance of the Internet Computer. They can vote on or submit proposals and earn rewards for their participation.
• Payment. ICP is also used for various transactions like purchasing non-fungible tokens (NFTs), subscriptions, etc.
• Subnets. The Internet Computer is formed by a network of subnets, a group of nodes that work together as a single consensus machine. The subnets store and execute canister code, ensuring fault tolerance and scalability by replication.
• Canister smart contracts. When interactive web content is running inside a browser it validates the chain key signatures on content and responses served by Canister smart contracts hosted by the Internet Computer. Canister smart contracts are software ‘actors’ which are composed of WebAssembly bytecode and persistent memory pages that it runs within. This allows multiple smart contracts to run in parallel deterministically on a single subnet.

Internet Computer (ICP) Price History Highlights 

All-time ICP Price Chart, CoinMarketCap, 9 February 2024

2021: ICP was launched in 2021. One notable event in ICP’s price history was its all-time high in May 2021, when it reached a peak of $750.73. This surge was fueled by increased demand, positive sentiment, and the anticipation of further developments in the Internet Computer ecosystem. 

2022: In 2022, the price of ICP had only fallen and had lost more than half of its value.

2023: ICP nosedived to a price level of $2.87 on September 22, 2023. Since then, the price has increased drastically.

ICP Price Chart for last year, CoinMarketCap, 9 February 2024

2024: On February 7, 2024, the Internet Computer (ICP) token experienced a rapid surge in value, climbing from $11.788 to a peak of $12.133 within a short time frame. At the moment, ICP coin costs around $12.

Internet Computer ICP Price Prediction

Internet Computer ICP Price Prediction 2024

DigitalCoinPrice experts expect the price of ICP to go up in 2024. According to their estimations, ICP coin’s price might go as low as $10.68 (-11%), while its maximum price can reach $26.1 (+115%).

PricePrediction crypto analysts believe that ICP coin is going to make more significant progress in terms of price this year: in 2024, it’s expected to cost $17.45 (+44%) at its low, while at its maximum ICP crypto will rise to $19.96 (+65%).

WalletInvestor crypto experts think that in 2024 ICP will definitely go beyond its current price levels: its minimum price is going to go as low as $0.513 (-95%), while at its peak it can go as high as $77.696 (+542%).

ICP Price Prediction 2025

According to DigitalCoinPrice, the price of ICP will continue to rise. Based on the experts’ predictions, in 2025, ICP might reach $30.45 (+151%) per coin at its highest point. Its lowest price might drop to $25.54 (+111%).

Based on the experts’ forecasts at PricePrediction, in 2025, ICP crypto can go as high as $30.88 (+155%) as its lowest price might drop to $25.45 (+110%).

WalletInvestor analysts believe that ICP coin is either going to drop to its lowest point of $0.64 (-94%), while at its highest point it can rise to $87.683 (+625%).

ICP Crypto Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, ICP coin will cost way more than it does now: its maximum price level is expected to be around $87.97 (+627%), while its minimum price will drop to $80.19 (+563%).

According to PricePrediction, in 2030 ICP coin will skyrocket. They believe that ICP might see a lowest price of $165.71 (+1,270%), while at its peak it might reach $206.2 (+1,605%).

According to Telegaon forecasts, in 2030 ICP has the potential to reach a maximum price of $75.41 (+523%) per coin, while at its bottom it can hit $59.18 (+389%).

ICP Price Prediction 2040

PricePrediction believes that by 2040, ICP crypto is going to reach staggering price levels: $7,660.31 (+63,260%) at its low and a whopping $9,674.8 (+79,923%) per coin at its peak.

Telegaon believes that by 2040 ICP crypto will cost $202.54 (+1,575%) per coin at its peak. It can also drop in price to a minimum of $172.23 (+1,324%).

ICP Price Prediction: Experts’ Opinions

The price prediction for Internet Computer Coin is a topic of great interest in the cryptocurrency community. ICP has a long-term vision of 20 years. the investors anticipated that the project would take time to turn a profit. Furthermore, a lot of anticipation was generated about ICP when it was introduced on Binance. 

First of all, the Internet Computer is used to guarantee the highest levels of decentralization, privacy, and anonymity for a particular undertaking. Among other things, its architecture makes it possible to create safe, encrypted discussion groups on the internet. All things considered, ICP is regarded as a key Web3.0 token that closely corresponds with Web3.0 ideas. In connection to this, many experts, such as CryptoNewsz, believe that by 2030, ICP coin will end up costing at least $59.66 at its highest point.

ICP USDT Price Technical Analysis       

Tradingview, 9 February 2024

Now that we’ve seen possible price predictions for ICP, let’s find out a bit more about the factors that can influence its price and position on the market.

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Factors Affecting ICP Coin Price

Although it’s challenging to forecast a cryptocurrency’s exact price in the future, analysts think that a number of factors could affect the cost of ICP coin. Features like canister smart contracts and chain-key technology offer ICP an edge in scalability and security. Advances or setbacks in these technologies can directly influence the token’s price. In addition, external factors such as inflation rates, currency fluctuations, and overall market sentiment can influence the coin’s price.

Moreover, ICP’s adoption rate by developers and companies will play a critical role in deciding its pricing, as it seeks to function as a dApp’s backbone and disrupt the established internet infrastructure.

When assessing ICP coin as an investment, keep the following considerations in mind:

• Technical developments;
• Partnerships and collaborations;
• Market sentiment;
• Market adoption;
• Sentiment towards decentralization;
• Economic indicators;
• Developer adoption;
• Regulatory landscape.

Risks and Opportunities

The Internet Computer blockchain offers a unique cloud that would replace the current system. Consequently, the blockchain could enable unlimited creation of applications using the project’s smart contracts and transaction speed. To determine if Internet Computer will recover good returns, it is essential to consider the token’s objective and its usage.

It performs the dual roles of ‘fuel’ and governance tool for apps created on the Internet Computer blockchain. There are now two possible outcomes: either the project gains traction and the Internet Computer value rises, or the project stays the same and the ICP price runs the risk of stagnating or falling even more. All of this should be taken into account if you’re planning to invest into this cryptocurrency.

How High Can Internet Computer Go?

According to PricePrediction, by 2030 ICP crypto can rise to $165.71.

Will ICP’s Price Hit $10?

Absolutely. At the moment, its price fluctuates around $12.

Can ICP Coin Reach $100?

Internet Computer coin can do that, however, the market should become more bullish, and the cryptocurrency’s adoption should increase.

Can ICP Crypto Reach $1000?

ICP will need to drastically increase in price in order to reach $1,000. Although these kinds of gains do occasionally occur in the cryptocurrency industry, there are currently no indications that this coin will rise to such a high level.

How Much Will ICP Coin Cost in 2025?

According to PricePrediction, by 2025 ICP crypto can rise to $30.88.

What Will ICP Be Worth in 2030?

By 2030, ICP coin can cost $132.69 on average.

What Will ICP Crypto Be Worth in 2040?

Predicting the exact peak of Internet Computer (ICP) is challenging due to crypto market volatility. However, websites like PricePrediction state that by 2040, ICP can end up costing a whopping $9,675 per coin.

Does ICP Coin Have a Future?

Since the platform is still in its early stages of development and doesn’t yet provide any competitive advantage, the coin is likely to be interesting even for speculative transactions. Long-term forecasts for this cryptocurrency are positive, however nobody can guarantee growth. The price can skyrocket, but it can also plummet.

Conclusion

In the upcoming ten years, Internet Computer (ICP) hopes to establish itself as a reliable substitute for the internet. ICP have the power to significantly impact the internet giants that now rule it, including Microsoft, Amazon, Facebook, and Google. In essence, the ICP looks like a promising cryptocurrency with intriguing and distinct applications. The Dfinity Foundation also has a bold plan for making significant progress in the internet industry. However, competing with major internet giants like Google and others is not simple. This is hard lifting that needs to be done with responsibility and vigor. Nevertheless, the ICP coin’s exchange price will most likely soar if the project is successful.

How to Buy ICP Crypto via StealthEX?

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.