- Bullish ICP price prediction ranges from $71 to $130.02.
- ICP price might also reach $150 soon.
- ICP bearish market price prediction for 2022 is $18.54.
This Internet Computer (ICP) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ICP price analysis and prediction.
The main aim of the Internet Computer is to enlarge the public internet, so it can be the world’s computer firm. Moreover, the scientific breakthrough behind this platform is Chain Key technology, which encompasses dozens of advanced technologies that include novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, and many more.
Notably, the project was founded in October 2016 by Dominic Williams. However, it attracted notable interest from the crypto environment. More so, DFINITY 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. In 2018, more than 50,000 registered participants got ICP utility tokens in an airdrop.
Even more, on December 18, 2020, DFINITY started the alpha mainnet of the Internet Computer. In addition, in a final step towards decentralization, on May 10, 2021, DFINITY released the Internet Computer into the public domain. However, this major milestone indicates that the internet currently functions as a decentralized global computer as mentioned by the release of all of the Internet Computer’s source code into the public domain, also ICP utility token allowing tens of thousands of community members to govern the ICP network. It recently entered into partnership with United Sports to launch Internet Computer Gaming Program.
Would these events be good enough to make Internet Computers a good investment? Should we invest before the year ends or by 2022? Let us find out in this CoinQuora Internet Computer (ICP) market analysis and price prediction 2022 article.
What is an Internet Computer (ICP)?
The Internet Computer is the globe’s first blockchain that functions at web speed with boundless capacity. Moreover, it represents the third biggest blockchain innovation, along with Bitcoin and Ethereum. Moreover, the Internet Computer allows the complete reimagination of software offering a revolutionary new path to develop tokenized internet service, decentralized financial systems, and also traditional enterprise systems and websites.
Even more, at Genesis on May 10, 2021, the ICP is supported by 48 independent data centers. However, it is located across North America, Europe, and Asia which runs 1,300 nodes. Moreover, the network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes arranged by the end of the year, and however thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. A total of 276,376,729 ICP had been staked in its NNS DAO by the end of 2021.
Now that we have an idea about ICP, do you think ICP will be profitable crypto in 2022? Join me and let us see the charts in this ICP price analysis and ICP price prediction.
Internet Computer (ICP) Current Market Status
As of the time of writing this Internet Computer (ICP) price analysis, ICP trades at $20.37 with a 24-hour trading volume of $174,288,498. The price of ICP has increased by 0.97% in the last 24 hours.
Furthermore, ICP has a current circulating supply of 199,119,815.11 ICP at the time of writing. Currently, the top cryptocurrency exchanges for ICP are Binance, OKEx, Huobi Global, Bitget, Kucoin, Gate.io and ZBG.
Now, let’s proceed to the next part of this ICP price analysis for 2022.
Internet Computer (ICP) Price Analysis
Currently, Internet Computer (ICP) holds 36th place on CoinGecko. But will the latest upgrades, development, and changes in the Internet Computer blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ICP price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ICP, it could be seen that the present downtrend could be coming to an end since the last candlestick is close to the bottom curve in the Keltner Channel chart above. This shows that the present decrease in the price of Internet Computer (ICP) is coming to an end soon though there could be a consolidation before a bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Internet Computer (ICP) 1day chart of ICPUSDT is at 35.61. This shows that ICP is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase, as it moves away from the oversold/undervalued region.
From the 9 days and 50 days moving averages for ICP, it could be seen that ICP would go bullish in the long-term since the 50-day moving average is above the 9-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks.
Internet Computer (ICP) Price Prediction
The chart below shows that Internet Computers (ICP) have shown a bearish trend in the past few days. Moreover, the ICP price has dropped 25.1% in the last 30 days. If this trend continues, ICP might plummet to $18.54 support level and drop even lower.
Conversely, if the investors turn towards crypto, the bulls might take over and push ICP from its downtrend position. In simpler terms, the price of ICP might increase to almost $55.11, a bullish signal.
Meanwhile, our long-term ICP price prediction 2022 is bullish. It has less possibility of surpassing its current all-time-high (ATH) at about $750.73 this year. However, the ICP price can hit ATH only if it breaks many previous psychological resistance.
Internet Computer (ICP) Price Prediction 2022
If this bullish trend continues, Internet Computer will reach $130.02 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $55. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $150 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Internet Computer (ICP) Price Prediction 2023
The price of an Internet Computer can move even great heights, however, reaching $350. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Internet Computer breaks past psychological resistance level.
Internet Computer (ICP) Price Prediction 2024
As per the latest upgrades, developments, Internet Computer price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Internet Computer (ICP) in the crypto market, and it will be the best investment as the price can spike and reach around $600.
Internet Computer (ICP) Price Prediction 2025
In the next four years, Internet Computer prices could race up to $800. However, reaching this level could not be so difficult for Internet Computer as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Internet Computer have a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Internet Computer (ICP) Price Prediction 2026
By 2026, the price of ICP would reach $1500 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
With the continued strong marketing approach, we can say that Internet Computer has a bright future ahead of it in 2022. Bullish ICP price prediction 2022 is between $71 and $130.02. As said above, it may even reach $150 if investors have decided that ICP is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
With Internet Computer showing so much promise, ICP can be a great investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measure as per our Internet Computer price prediction.
FAQ
Users can obtain ICP coins by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
ICP is a good investment in 2022. However, ICP has less possibility of surpassing its current ATH at about $750.73 this year
Yes, it’s possible that ICP might reach $150 in the near future. This could only be possible if ICP breaks many psychological barriers.
ICP is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of ICP in the past few months, we can say that ICP is indeed a potentially good crypto to invest in this year.
Internet Computer (ICP) price is expected to reach $130.02 by 2022.
Internet Computer (ICP) price is expected to reach $350 by 2023.
Internet Computer (ICP) price is expected to reach $600 by 2024.
Internet Computer (ICP) price is expected to reach $800 by 2025.
Internet Computer (ICP) price is expected to reach $1500 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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