The Defi industry world has been on a rollercoaster ride. With a myriad of projects making their market debut to mark their establishment. Projects like Internet Protocol (ICP) have come up with prodigious ideas for enabling the public to develop innovative decentralized applications.
Moreover, its blockchain-based computer allocates and evaluates smart contract computation and web-speed data collection. In addition, it also greatly simplifies the implementation and storage of information. And offers flexible software architectures for programmers in the ICP community.
Are you one of the many who have missed the bandwagon of ICP’s historical price ride and analyze the future prospects? Look no further, we decode achievable price targets for 2022 and beyond!
|Price in USD||$7.05|
|Circulating Power||233,990,407.77 PCI|
|An absolute record||$750.73 (May 10, 2021)|
*Statistics are from press time.
Internet Computer Price Prediction (ICP) for 2022
|low potential||Average price||High potential|
The coin landed in 2022 with a price of $25.63. In mid-January, it rose to $32.51. However, the uptrend was short-lived and the coin fell to $20 by the end of the month. A similar trend was seen in February, with the coin trading at around $21.6 on February 10.
On the 24th, it fell further to touch the price margin of $16.6. And shot up to $20 on the last day of February. Moreover, the coin zigzagged around the $20 price range until mid-March. Fast forward to April, ICP went down to $16 on April 12. It continued the downward trend to touch the price of $14.1 on the 29th of the same month.
The token broke out in May with a price of $12 and fell to $7.2 on May 12. However, the entire crypto-economy has the potential to reach all-time highs in July 2022. Given the state of the KPI, we could reach the predicted benchmark well before the 2022 high point.
Internet Computer Price Prediction (ICP) for the second quarter
The price of the currency might be heavily influenced by its upcoming update, known as Chromium. For the first time or so, smart contracts would be written using Bitcoin’s congratulations to the biggest Chromium update. IC response time and low processing fees combined with Bitcoin’s digital cash promise a host of truly innovative DeFi dapps.
Materializing this, the price of the altcoin could soar to a maximum of $8.62 by the end of the quarter. However, being captive to the bears could cause prices to fall to a minimum of $6.07. That said, a balance between buying and selling pressure could lead the price to $7.38.
KPI Forecast for Q3
Internet Computer had previously advocated for a transition in the crypto space away from the core model. To the one where smart contracts pay for their implementation. Sonic, which would launch a DEX on the subnet, would also introduce a computer-controlled market maker. Which will run on Internet Computer blockchain technology and offer customers permissionless token exchange.
Looking for an impulse from which the price of the ICP could rise to a maximum of $10.88 by the end of 2022. On the other hand, the altcoin could plunge to the low of $7.98. Constrained by the linear dynamics of the digital asset, the average price could oscillate around $9.27.
Internet computing forecast for the fourth quarter
With all the latest developments and investments in the ecosystem, ICP has a solid chance to grow. In such a case, the price of the ICP could claim a top of $14.22 by the end of the annual exchange. However, a possible discharge from a financial crisis could send the price down to lows of $9.95. Given the bullish and bearish targets, the regular price could settle at $11.98.
ICP Price Predictions for 2023
One of the main objectives of The Internet Computer is to fight against the computer giants. Many large companies, such as Aws and Google, handle the preponderance of web hosting services. They have the right to unilaterally ban services and rewrite the rules of free operation. All future PKI updates will focus on indirectly assisting individuals in hosting their code on the open web.
If it thrives, it will serve an important purpose in Web 3.0. Then, the protocol will target users around the world on a centralized system and reverse roles in the Internet system. Therefore, the ICP price could climb to a maximum of $24.65 by the end of 2023. On the other hand, failure to meet its commitments could lead to negative reviews which could reduce the price to be paid for $13.03.
ICP Price Prediction for 2024
The influx of security and manageability features, coupled with intriguing advertising campaigns, can significantly increase the price of Internet Computer. In such a case, the price could propel to its potential maximum of $39.73. Conversely, a possible regulatory crackdown could melt the price to a minimum of $22.71.
Price trajectory for 2025
The year 2025 could lead to a considerable increase in prices for the entire industry. Internet computer development projects that focus on education, awareness, and technological prowess could increase the cost to $65.42. However, emerging rivals, tougher competition and lack of refueling initiatives could drive the price to low levels of $36.72.
|Year||low potential||High potential|
What does the market say?
As predicted by Trading Beasts. The digital asset is expected to end 2022 with a more expensive tag of $18,435. While a trend reversal could drop the price to $12.53. A balance of buying and selling pressure could take the price to $14.748. The company also welcomes long-term goals. As a result, the altcoin is expected to hit $35.422 by the end of 2025.
Digital Coin Prices
According to the digital coins price forecast. ICP price is expected to propel its potential high of $10.01 by the end of 2022. Firm analysts have set maximum close targets for 2023 and 2025 at $11.46 and $15.38 respectively.
The website’s forecast set the maximum annual close targets for 2022 at $10.7. Analysts believe that the altcoin could hit the low and mid targets of $9.49 and $9.86 by the end of 2022. Successively, the altcoin is expected to end 2025 at its potential high of 35, $12.
Click here to read our Bitcoin (BTC) price prediction!
What is the Internet Computer?
Internet Computer was developed by DFINITY – an NGO is one of the successful organizations. This attracted a considerable amount of investor funds in its early stages. The organization was founded in October 2016 by Williams. It had aroused the interest of the masses through the implementation of blockchain technology.
The Foundation launched Internet Computer in May 2021. Internet Computer’s PKI is a utility token that allows customers to connect to and administer Internet Computer’s public blockchain. The protocol aims to simplify the creation of websites alongside Internet services and DeFi programs. This would be done by allowing users to run existing code on the open network.
The platform is designed for the purpose of storing data using blockchain and retrieving it as an open-source digital asset. PKI is a node in the decentralization of Internet power. The project helped create services to design a relatively more diverse, productive, passionate and dominant ecosystem.
Moreover, it wears the crown of the first and largest blockchain in the world. Which runs at web speed and hence has no restrictions on bandwidth. Besides Ethereum, it also includes three other blockchain innovations.
Our price prediction
According to the price prediction formulated by Coinpedia. Considering recent developments and planned updates according to the roadmap. The maximum price of ICP can be $14 by the end of December 2022. Other than that, the minimum and average cost of PKI could be around $12 and $10respectively.
Historical Price Sentiments
It was worth $737.20 when ICP was initially listed on Coinbase Pro on May 10, 2021. Nonetheless, the price dropped to $250 almost shortly thereafter. It then spiked to $491 that day before falling again. This happened after the other major platforms, like Huobi, Binance, etc., joined Coinbase Pro.
The value tumbled until May 19, when it hit an all-time low of $111 for the first time ever. The next morning, the value soared to $223. It continued to hover between $120 and $166 thereafter.
Buyers pushed it through the $120 resistance bar on June 3, but the momentum quickly faded. Consequently, the value started to decline, and again on June 14, the cryptocurrency recorded a new ATL high of $20.08. Since then, its price has moved a lot around that price range.
To read our Ethereum price prediction, click here!
A: The innovation and the team behind the token are great. You can surely add it to your watch list, do your research and check if it is right for your wallet.
A: ICP has strong fundamentals, and it has the potential to grow in the future. However, the crypto market is very volatile, so it is not practical to make accurate predictions.
A: ICP can break through the maximum margin of $14.22 by the end of 2022.
A: The Internet Computer Price (ICP) is expected to reach its potential maximum of $65.42 by 2025.
A: You can buy ICP on famous exchanges like Binance, Huobi, Coinbase, etc…