Today was an interesting day for investors in a little-known cryptocurrency internet computer (CCC:ICP-USD). Today, a series of internet computer price predictions are adjusted, as this token rises more than 10% on a tough day in the crypto world.
Any upward movement on a tough day is worth noting. Among the main drivers of this decision are two catalysts that investors have their eyes on right now.
First of all, reported plans to integrate Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) with Internet Computer excited investors. According to the company’s recently released roadmap, these integrations are expected to take place this year. By integrating smart contract capabilities into these blockchains, investors can bank on ICP being seen as a scalability solution for these leading blockchains.
The idea is that smart contracts on the Internet Computer could allow Bitcoin to be sent without private keys. This kind of uncharted territory seems to intrigue some investors. Others may be excited about what the multi-channel future may hold for the Internet Computer.
The second catalyst that investors watch with Internet Computer is the launch of the first decentralized exchange on this network. The Sonic swap officially launched on Sunday, planning token swaps between three tokens right now. However, additional features should be rolled out over time. Users can trade these three pairs of tokens, as well as provide liquidity to pools, to earn rewards.
Overall, investors have reason to be excited about Internet Protocol. Accordingly, let’s dive into the direction that experts think this token might take.
Internet Computer Price Predictions: Where Will ICP Go Next?
For context, ICP currently trading at $21.94 per token, at the time of writing.
- Investor Portfolio takes a bearish view of ICP. The site predicts that this token could be worth $3.49 in a year.
- However, digitalcoin is a bit more bullish. This site lists the 2023, 2025, and 2029 price targets of $33.72, $46.03, and $93.64, respectively, for ICP.
- CryptoNewsZ projects price targets for 2023 and 2025 of $35.80 and $50, respectively, for this token.
As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.