The ICP Internet’s computer chain has experienced improved growth, and the blockchain developers are working to add additional features to the roadmap.
In the following weeks, months, and years, DFINITY will demonstrate the chain’s true potential with a ground-breaking pump.
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It goes without saying that the negative run has damaged this coin and impacted the latest price movement.
This has been the prevailing trend in recent years, however, unlike other coins like Shiba Inu, which have few or no practical applications, the Internet Computer actually serves a purpose.
Furthermore, given the scalability and the promising technology, the likelihood of an upward explosion is significant.
After 15 months of silence since Genesis, the marketing staff underwent a transition, and the team hopes that this transition will enable them to start promoting the chain.
The company’s founder, Dominic Williams, stressed the necessity of transferring all technological endeavors on a swift, open, and decentralized blockchain when he said the following:
Building on large technology is equivalent to building on sand. You simply can’t believe it.
As of the time this article was written, the total supply of ICP is 485,635,543 ICP and its circulating supply is 249,650,025 ICP.
Ethereum is progressively catching up to Bitcoin at the top, which is still the case. ICP will eventually get to the third spot as one of the most significant breakthrough coins. Moving forward, technical analysis will be crucial as we get to the meat of this piece.
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TECHNICAL EXAMINATION
After its debut just over 14 months ago, the ICP has achieved a ranking of 36th among cryptocurrencies with an ATH price of $750.73 and a 24-hour trading volume of $132,334,588.
This is an increase of 18.05% compared to 3.83% around early July. Its current price is $8.71. Although 2021 was not the coin’s best year, it managed to withstand the fall by putting strategies in place to ensure that the best years were yet to come.
Several professionals have backed this idea with fervor and unambiguous comments that demonstrate that it is a smart investment and has the potential to expand quickly.
The coin’s current resistance levels are located on four scales, with the first ones being at $7.98, $12.16, $17.90, and $26.99, respectively.
The Coin’s Support Level is Still $4.72
As a result, the current price indicates subpar performance, but analysts anticipate that it will experience a bullish run later.
At now, the price’s velocity is moving upward. ICP is currently trading below $50, and it appears that a positive RSI divergence is taking shape for the coin.
As the ICP coin is only getting started, experts have shared their predictions for its future. Below, we present a few of the viewpoints expressed.
- According to Digital Coin, the ICP is a wise investment and is predicted to reach a minimum price of $7.09 and a maximum price of $8.10, with an average price of $7.55 by the end of 2022. It has currently surpassed many people’s predictions.
- Several others believed that the coin will experience a significant increase by year’s end and would stay at $10.
- The Reddit community predicted that the Internet computer will eventually see some relief. Consolidating patterns offer hope that the price trend of Internet computers, which is currently on a higher sentiment, will continue, making it a better investment than trading Bitcoin or other crypto coins.
The successful projects developed on this chain, each of which has a huge team of highly skilled developers and specialists, will be the primary factor determining this coin’s overall future forecast.
ICP has gained a lot of interest from the entire crypto world as well as some incredible investors. If all goes according to plan, the native token will rapidly expand.
More forecasts that will support the present price may surface in the next weeks; perhaps, a bullish increase will draw attention to the ICP. Let’s shift the conversation to the opposite side, where the lengthy debate about forecasts will take place.
Pricing Forecast for ICP in 2022–2024
Based on the present market conditions, analysts expect the Internet computer to hit a minimum price of $19.5, with a maximum token potential of $23.5, and an average annual price of $20.5 in 2022.
However, investors should anticipate a bear run in the market during the second quarter of the year. We expect continued macro pressures in 2023, and we anticipate a minimum price level of $28.80, a high level of $35.53, and an average price of $29.76.
Technically, the cost will officially reach a minimum of $40.22 and a maximum of $48.75 in 2024, according to expert projections. The coin may average a $41.41 price to complete 2024.
Pricing Forecast for ICP in 2025–2027
Investors are advised to stake more of their money during this critical period of the ICP’s growth. Others can purchase more during this time because the coin is in danger of bursting.
In 2025, the government will officially set the minimum wage at $58.09, and economic experts predict an average wage of $60.26, with a maximum wage of $68.99.
Analysts expect the Internet Computer to reach a minimum price level of $84.75 in 2026, with an average price level of $85.75 to follow. All year long, the maximum market price of $98.30 is conceivable.
The target price for ICP is $116.51. Thankfully for us, the price of ICP will rise to a high of $144.90 in 2027; the typical price should be between $119.86 and $120.01.
Get on the train to learn why you ought to get some ICP. After making a purchase on the exchange, you should transfer your funds to a cryptocurrency wallet. The NNS and Stoic are the two most used wallets with ICP.
Pricing Forecast for ICP in 2028–2030
They anticipate that the cost of an Internet computer will range between $161.47 and $200.27. 2028 should see an average price of $167.48. A steady increase is soon to come, but any bull run will not exceed a 0.10% annual increase.
There will be many ups and downs in the price of this token in 2029; it is anticipated that the price will range from $232.59 to $278.15. The average for the year will stay at $240.95.
Lastly, a price increase is inevitable as the currency enters its decade move; it will at the very least hit $323.85. ICP will have a maximum value of $412.94 and a $333.47 average price.
Final Thoughts
ICP is a young chain, but it is supported by promising projects and knowledgeable personnel. The Internet computer network is of interest to many cryptocurrency aficionados. The project’s objective is to address internet-related problems. Even though we think ICP is a wise long-term investment, we advise you to conduct your own research first.
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