Internet Computer ICP Price Prediction: Can ICP Crypto Reach $1000?
Many cryptocurrency advocates assert that the world is gradually moving into the Web 3.0 age, which will feature speedier transactions and an array of limitless technological possibilities. Working on the brand new crypto platforms that are supposed to revolutionize the Internet has already taken over the minds of a number of prominent developers. The Internet computer network is one of these endeavors. Read more about ICP price prediction in the new StealthEX article.
Current ICP crypto priceICP price prediction 2023ICP price prediction 2030$4.20$9.19$77.89
ICP Crypto to Reinvent the Internet as an Infinite Smart Contract Platform
The blockchain known as Internet Computer (ICP) was created to serve developers, companies, and organizations. ICP crypto is supported and promoted by the DFINITY Foundation; its platform was developed to host backend applications and maximize its potential as a computational instrument. In short, ICP allows a global network of computers to provide a decentralized substitute for legacy software providers by enabling a variety of cloud services. Through ICP, these services would function openly and cooperatively. The Internet Computer project seeks to build a steady blockchain with infinite capacity. The platform gives developers the ability to create anything – from DeFi apps to tokenized social media platforms for broad consumption.
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. On May 10, 2021, DFINITY Foundation released the Internet Computer into the public domain, a major milestone that indicates that the Internet Computer 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.
ICP Coin Price History: Going Down Only to Skyrocket Later?
Current Price$4.20Market Cap$1,836,615,197Volume (24h)$14,843,480Market Rank#31Circulating Supply437,817,531 ICPTotal Supply500,285,600 ICP1 Month High / Low$4.56 / $3.70All-Time High$750.73 May 10, 2021
ICP Coin Price Chart
ICP Price History. Source: CoinMarketCap, 14 July 2023
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. Although 2021 was not the coin’s best year, it managed to survive the autumn by putting preparations in place to ensure that the best years were yet to come.
However, 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. At the moment, the cryptocurrency trades for around $4.20. Numerous professionals have backed this idea with fervor and unambiguous comments that demonstrate that it is a solid investment and has the potential to expand quickly.
Internet Computer ICP Price Prediction
ICP Coin Price Prediction 2023
According to DigitalCoinPrice, in 2023 the minimum price of ICP coin might drop to $3.76 (-10%), while its maximum price, $9.19, will see the cryptocurrency rise in price by 118%.
WalletInvestor crypto analysts have a very broad prediction for ICP coin in 2023. According to their calculations, the utility token’s price can go as low as $0.000001 (-99.99%). At its maximum, ICP coin might reach $49.901 (+1,088%).
PricePrediction experts are more enthusiastic about this cryptocurrency and believe that in 2023, the expected maximum price of ICP will rise to $5.35 (+27%), and it may also drop to a minimum of $4.68 (+11%).
ICP Crypto Price Prediction 2025
DigitalCoinPrice is optimistic about ICP crypto, and their experts believe the cryptocurrency will rise in price even by very moderate predictions. Based on the experts’ forecasts, in 2025, ICP crypto might go as high as $14.99 (+256%) per coin at its highest point. Its minimum price might reach $12.31 (+193%).
WalletInvestor experts give a negative price prediction for ICP. They believe that ICP’s price will drop drastically – its maximum price at the end of December of 2025 is forecasted to hover around $0.398 (-90%). Its minimum price might be a bit higher – $0.133 (-96%).
PricePrediction analysts are a little less optimistic than DigitalCoinPrice and believe that ICP will rise in price at a slower pace. According to their website, the expected maximum price of ICP coin at the end of 2025 will be $12.42 (+195%), and it may also drop to a minimum of $10.21 (+143%), which is still higher than its current price level.
Internet Computer Price Prediction 2030
According to DigitalCoinPrice forecasts, Internet Computer crypto will be making significant progress: in 2030, the highest price ICP crypto may reach is $43.83 (+943%) per coin. It can also insignificantly drop in price to a minimum of $40.83 (+872%) per coin, so the difference between its highest price and its lowest price will constitute only $3.
PricePrediction analysts are a lot more positive about ICP crypto and believe it will reach a higher price level. According to this website, the expected maximum price of ICP coin at the end of 2030 will be $77.89 (+1,754%), and it may also drop to a minimum of $68.15 (1,522%).
Telegaon analysts are also hopeful about the future of Internet Computer. According to this website, in 2030, ICP coin’s minimum price can go as low as $59.18 (+1,309%) per coin, while at its highest point it may reach $75.41 (+1,695).
ICP Price Prediction 2040
Telegaon provides us with some estimates for ICP crypto in the distant future. Though the crypto market is highly volatile, the website’s crypto analysts believe that by 2040, the price of ICP cryptocurrency will reach $182.54 (+4,246%) at its highest point. Its minimum price is estimated to be $152.23 (+3,524%).
ICP Crypto Price Prediction 2050
Telegaon also provides us with new price records for ICP for the year 2050. The coin’s price may rise even higher to break the $300 mark: $351.71 (+8,274%), while it may also drop down to $312.98 (+7,351%).
Choose StealthEX for Exchange and Buy Crypto
User-Friendly — Simple and minimalistic interface for everyone.
Fast and Private — Instant non-custodial cryptocurrency exchanges.
1200+ coins and tokens are available for limitless, quick and easy exchanges.
NO-KYC crypto exchanges — Buy cryptocurrency up to €700 without KYC!
StealthEX crypto exchange app — Process crypto swaps at the best rates wherever you are.
24/7 Customer Support.
Earn from Each Exchange by Joining StealthEX Affiliate Program.
Become a partner right now and use affiliate tools:
Public API — Earn from your wallet, aggregator, or exchange terminal.
Referral Links — Recommend StealthEX to your audience.
Exchange Widget — Built crypto exchange widget on any page of your website.
Button — A perfect choice for traffic monetization.
Banner — Track conversion and stats right in the personal cabinet.
ICP USDT Price Technical Analysis
Source: Tradingview, Data was taken on July 14
Now that we’ve seen what the future can bring for ICP crypto, let’s find out a bit more about the project behind it and its perspectives.
ICP Computer: Independent Data Centers Provide Alternative to Cloud Services
Internet Computer developed by DFINITY expands the Internet’s functionality so that it can host back-end software, transforming it into a global computing platform. It’s powered by new ‘chain key cryptography’ that allows it to run at web speed with efficiency that is many orders of magnitude improved, for smart contracts to serve web directly to end users, and for on-chain compute to scale without bound. Thanks to the Internet Computer’s groundbreaking chain key cryptography, users do not need any tokens to use a dApp nor is it necessary for anyone to download blockchain state to verify correctness of transactions.
Internet Computer uses a decentralized protocol called ICP (Internet Computer Protocol) run by a network of independent data centers around the world. At Genesis on 10 May 2021, Internet Computer was powered by 48 data centers from Europe, Asia and North America, together running 1,300 nodes. DFINITY uses a variation of the Proof-of-Stake algorithm (called Threshold Relay) to reach consensus.
ICP Goals
The following are the main objectives of the Internet Computer project:
To make the majority of blockchain technologies run more quickly.
To reduce the use of blockchains and big tech protocols like Amazon Web Services (AWS), which are commonly used by websites.
To allow Web3 services used by the masses to run exclusively on chains.
To lower the cost of IT services and make Internet software systems more self-contained and simpler.
After Bitcoin and Ethereum, the project asserts to be the third greatest innovation. The management of the project is split between San Francisco and Zurich, with team members working remotely from all over the world.
ICP Features
The following stand out among the project’s different characteristics:
Websites are served via smart contracts: Like ordinary websites, users can open canister smart contracts directly in their browsers.
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.
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.
Actual scaling: The IC scales to an infinite number of dApps and permits unlimited data storage by routinely introducing additional subnets.
Lack of tracking: Users who use the Internet Identity identification method won’t be tracked across dApps and services, which is a great advantage.
ICP Roadmap: More Elements to Come
The DFINITY Foundation has traditionally represented the stages of its roadmap with various elements. As an illustration, the Copper quarter of 2019 featured the launch of the Motoko programming language. The Genesis launch of the Internet Computer took place during the Mercury quarter of 2021. The Copper, Titanium, and Chromium stages have already been completed, but there are still many components to come in the year ahead.
ICP Roadmap Visualization
Is ICP Crypto a Good Investment?
ICP can be a smart investment for a number of reasons. First of all, the company has been busy developing and updating its project. One of the milestones was reached in May 2021, when DFINITY launched the Internet Computer Developer Ecosystem Program with a $223 million fund. The aim was to attract developers to build dApps and tools on the Internet Computer.
Secondly, if we consider ICP’s value from a fundamental standpoint and what it has to offer, it appears to be a potentially good investment. However, the investment does not appear promising when compared to how it performed during the years it has spent on the market.
Can ICP Crypto Reach $1,000?
To reach $1,000, ICP will need to rise nearly 23,700 percent from the current levels. While these kinds of gains occasionally happen in the crypto space, there are as of now no reasons for this cryptocurrency to go that high. ICP may reach $1,000, but it will not happen anytime soon.
How High Can Internet Computer Go?
This surely depends on how fast ICP crypto can grow. Given its utility, ICP could easily see a growth of 400 – 500 percent within a few years.
How Much Will ICP Coin Cost in 2025?
Most crypto websites and analysts estimate that by 2025, ICP crypto may rise in price to reach $12-14 per coin.
What Is the Price Prediction for ICP Crypto 2023?
Most sources believe that the price of ICP coin might grow insignificantly, up to $5. During the bearish market, very few cryptocurrencies are known to skyrocket in price, and ICP might follow the overall trend.
What Will ICP Crypto Be Worth in 2040?
According to Telegaon, by 20140, ICP crypto may rise to $351.71.
Will ICP’s Price Hit $10?
Yes, it’s very much possible, and may happen within the next 1-3 years. The market usually becomes bullish during Bitcoin halving, which is scheduled for April 2024.
How to Buy ICP Crypto via StealthEX
StealthEX is here to help you buy ICP coin if you’re looking for a way to invest in this cryptocurrency. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1200 different coins and you can do wallet-to-wallet transfers instantly and problem-free.
Just go to StealthEX, choose the amount and cryptocurrencies you want to swap, click Start Exchange, and get ICP crypto to your wallet!
Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.
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.
Tags: crypto ICP Internet Computer price analysis price prediction
The post Internet Computer ICP Price Prediction: Can ICP Crypto Reach $1000? first appeared on StealthEX.
Filed under: Bitcoin - @ July 13, 2023 3:23 pm