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

August 28, 2024

Price Prediction

Sean Korbett

Internet Computer (ICP) is a blockchain network that aims to bring greater efficiency, speed, and decentralization to computation and data storage. The project aims to address the shortcomings associated with the traditional Internet, such as service monopolization, poor system security, and personal data misuse. How will the ICP’s price change in the future? Discover the long-term ICP price prediction in StealthEX’s latest article.

Internet Computer (ICP) Overview

The Internet Computer (ICP) is a platform for developing and operating online services that does not rely on the servers of large corporations. Instead, it runs on the blockchain directly through a network of independent data centers. This allows developers to create truly decentralized applications and users to enjoy them without having to deal with corporate clouds or other unreliable or expensive middlemen. 

ICP offers a decentralized approach to hosting and executing smart contracts. With its subnet-based architecture, the Internet Computer can scale out dynamically. ICP integrates seamlessly with other blockchain networks like Bitcoin and Ethereum.

The project itself was founded in October 2016 by Dominic Williams and raised a total of $121 million from contributors like Andreessen Horowitz, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, Polychain Capital, SV Angel, and Multicoin Capital, and several notable early Ethereum investors. The Internet Computer was launched and open-sourced on May 10, 2021 by the DFINITY Foundation. 

Internet Computer Features

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

1. No usernames or passwords. On mobile or portable HSM devices like the Ledger wallet or YubiKey, fingerprint or face recognition technologies can be used to maintain privacy and prevent cross-border tracking.
2. Users don’t require wallets or tokens. The reverse gas model offers really user-friendly, free-to-use dApps that are prepared for mass adoption.
3. Actual scaling. The IC scales to an infinite number of dApps and permits unlimited data storage by routinely introducing additional subnets.
4. Lack of tracking. Users who use the Internet Identity identification method won’t be tracked across dApps and services, which is a great advantage.
5. Websites are served via smart contracts. Like ordinary websites, users can open canister smart contracts directly in their browsers.

Internet Computer (ICP) Price Chart    

All-time ICP Price Chart, CoinMarketCap, August 28, 2024

Internet Computer (ICP) Price History Highlights 

• 2021: The Internet Computer was incubated and launched by the DFINITY Foundation in May 2021. With an ATH price of $750.73 and a 24-hour trading volume of $132,334,588, the ICP was ranked 36th among cryptocurrencies just over 14 months after its launch. This is an increase of 18.05% compared to 3.83% around early July. By June 2021, ICP coin had lost most of its value, dropping below $30. 
• 2022: Even after nearly a year, ICP price did not reach its all-time high set in the initial days after launch. In fact, ICP’s price reached its lowest point in mid-2022, when it dropped below $15, while its market cap tumbled to around $3.5 billion. 
• 2023: In December 2023, ICP witnessed a significant surge in price, accompanied by heightened trading volumes, and broke the upper border of the trading channel. This breakout from the trading channel is considered a bullish pattern, suggesting the potential for further upward movement. The broken resistance level underwent a successful retest, leading to a rebound in price.

ICP Price Chart for last year, CoinMarketCap, August 28, 2024

• 2024: The token didn’t react to the bullish trend in the beginning of 2024, swaying within the price range of $11-$13. At the moment, it trades between $7 and $9.

Internet Computer ICP Price Prediction: 2024, 2025, 2030-2040

ICP Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 ICP coin’s price might go as low as $7.67 (-10%), while at its high it can reach $18.88 (+121%).

PricePrediction crypto analysts expect that in 2024 ICP coin will fluctuate within a narrow price range: $9.41 (+10%) at its low vs $10.63 (+24%) at its peak.

Telegaon crypto experts believe that in 2024, ICP will considerably rise in price: the lowest price level it can hit in 2024 is $20.95 (+145%) vs its maximum price of $30.17 (+253%).

ICP Price Prediction 2025

According to DigitalCoinPrice, in 2025 ICP coin will make significant progress: it can go as high as $22.36 (+161%) at its peak. Its lowest price might drop to $18.45 (+116%).

PricePrediction forecasts promise that in 2025, ICP’s lowest price is going to hit $13.64 (+59%), while at its highest point ICP crypto can get to $16.52 (+93%).

Analysts at Telegaon expect that in 2025, ICP coin can hit a maximum price of $46.18 (+440%), while at its lowest point it can drop to a minimum of $30.61 (+258%).

ICP Price Prediction 2030

According to DigitalCoinPrice forecasts, Internet Computer crypto will be trading within tight price levels: in 2030, the highest price ICP crypto may reach is $64.13 (+650%) per coin. It can also drop in price to a minimum of $58.06 (+579%) per coin.

According to PricePrediction forecast, by 2030 ICP’s lowest price is projected to hit $100: $91.21 (+968%) at its lowest point, while at its peak it’s supposed to reach $109.87 (+1,186%).

Telegaon price predictions estimate that by 2030, ICP is going to reach $139.18 (+1,529%) at its minimum and might trade at a maximum of $175.41 (+1,953%).

ICP Price Prediction 2040

According to PricePrediction forecasts, in 2040 ICP will cost a whopping $4,422 (+51,679%) at its lowest point, while its maximum price is going to hit $5,260 (+61,492%).

If we are to believe Telegaon experts, by 2040, ICP is going to significantly increase in price: $359.23 (+4,106%) at its minimum vs $402.54 (+4,613%) at its maximum.

Internet Computer (ICP) Price Prediction: What Do Experts Say?

Internet Computer offers a number of innovative features that, if adopted widely, can change the way we use the internet today. Smart contracts, known as canisters, are highly versatile, capable of performing various tasks, from serving web pages to implementing complex applications like DEXes and messaging services. Developers can write smart contracts in familiar languages like Rust, TypeScript or Python.

ICP’s features can become extremely useful in the future, and this will lead to a further increase in price for the Internet Computer token. Some experts, such as Techopedia, say that in 2030 the coin can hit a maximum price of $200.

ICP USDT Price Technical Analysis     

Tradingview, August 28, 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.

What Does the ICP Price Depend On?

ICP’s value is influenced by a number of factors, such as its technological developments, user and developer uptake, and general market mood within the cryptocurrency industry. For example, a bull market or favorable news in the cryptocurrency space may raise the value of ICP, whereas a bear market or unfavorable occurrences may lower it. To comprehend how the larger cryptocurrency market can impact the value of ICP, investors must remain informed.

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

• Supply and demand;
• Market sentiment;
• Technological developments;
• Wider adoption;
• News;
• Regulatory decisions.

Risks and Opportunities

The Internet Computer Protocol (ICP) incorporates advanced technologies, such as chain-key cryptography, canisters, the Network Nervous System (NNS), and WebAssembly, enabling decentralized and efficient execution of Web3 applications and smart contracts.

ICP stands out among other blockchain platforms owing to its high speed, scalability, minimal transaction fees, decentralization, and innovative features such as the Network Nervous System and Chain Key cryptography. 

However, like many cryptocurrencies, the value of the ICP token can be volatile, and as with any blockchain project, regulatory uncertainty surrounding cryptocurrencies and decentralized technologies could impact the long-term viability.

Is ICP Crypto a Good Investment?

One of ICP’s primary advantages is its capacity to offer tamper-resistant environments for AI models and other applications, promoting security and trust via open and honest business practices. Canisters, which are high-performance smart contracts, have the capacity to manage substantial computing resources, making it possible to deploy sophisticated AI models very quickly and effectively. Smart contracts can be interacted with directly through browsers because of ICP’s user-friendly interface, economical design, and eco-friendly construction.

These features can be widely used in the future and as a result can lead to a further increase in price for ICP token. However, as any cryptocurrency, Internet Computer crypto is quite volatile, so it can be a good choice for an investor with high risk tolerance.

Does ICP Crypto Have a Future?

The Internet Computer project is anticipated to hit higher price levels with its further adoption, so it may become more widely used in the future.

Will ICP Coin Recover?

It’s possible if the market is hit by new bullish trends.

What Is ICP All-Time High?

ICP reached its all-time high in 2021, when it hit a maximum of $750.73.

Can ICP Reach ATH?

It’s possible that ICP will reach higher price levels in the future.

Can ICP Reach 100$?

Websites like PricePrediction believe that In 2030 ICP will hit $109.87 at its peak.

Can ICP reach $1000?

ICP’s market share would have to increase considerably in order to hit $1,000. Although such sudden increases are not unheard of in the erratic world of cryptocurrencies, they are uncommon and usually linked to important changes in the market or advances in technology.

How High Will ICP Go in 2024?

According to DigitalCoinPrice, in 2024 ICP will hit a maximum price of $19.

What Will Internet Computer Be Worth in 2025?

According to PricePrediction, in 2025 Internet Computer will hit $16.52 at its peak.

How Much Is ICP Worth in 2030?

According to PricePrediction, in 2030 ICP will reach a maximum price of $109.87.

What Is the Price Prediction for ICP in 2050?

PricePrediction believes that in 2050 ICP will cost $7,394 at its peak.

Is ICP a Good Coin to Buy?

It may be. With its solid technology, Internet Computer can reach new price levels as it gets more widely adopted.

Conclusion

The Internet Computer Protocol (ICP) is a revolutionary blockchain network that provides a decentralized, scalable, and effective substitute for traditional IT infrastructure and cloud services. ICP opens up new possibilities for users and developers alike by allowing them to create and run applications on a decentralized platform, ushering in a new era of digital freedom and internet innovation. Its distinctive features also include speed, scalability, and governance.

Where to Buy ICP Coin?

StealthEX is here to help you buy ICP crypto if you’re looking for a way to invest in this cryptocurrency. You can buy ICP privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy ICP Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to ICP. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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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.