Internet Computer project aims to help promote decentralized cloud services. The protocol is run by a company called DFINITY, and it is compatible with programs that can be run on the traditional internet. If the DFINITY project succeeds, it will bring a revolutionary change in cloud computing and data storage. Since ICP crypto has a fair usability potential, ICP price prediction is somewhat attractive to investors and traders. Let’s learn what ICP price prediction holds.
What is ICP coin?
ICP coin is the token that Internet Computer Protocol uses. The ICP crypto is the token used for all the major functions of the synonymous blockchain system. The Internet Computer project is the brainchild of Dominic Williams of the DFINITY Project, and this ecosystem currently hosts 504.47GB of chain data with 24,720 chained computers.
ICP Project overview
In contrast to the traditional cloud services for corporate organizations, this blockchain system seeks to make the process secure. Internet Computer brings better privacy and decentralization to users than the current options. The mentioned blockchain system will prove a challenge to the existing cloud service providers. If successful, it will have a significant place in Web 3.0. The said protocol targets millions of users on the centralized system.
This blockchain ecosystem aims to be smart contracts-based without the need for traditional IT. DFINITY is mainly based in Switzerland, while it has labs in various parts of the US and Europe. Internet Computer is an emerging name supported by different foundations and companies.
Challenges ICP tackles
The customers ICP attracts are keen on the relative advantages. These advantages include the open-source code, operation using open standards, avoiding conflict of interests, etc. In the case of other cloud hosting sites, there is a conflict of interest when they host data that compete with their services.
The traditional cloud service providers haven’t tackled the challenge of significant shutdowns, which affect the whole system. The decentralized web doesn’t face such issues. ICP ecosystem is a ray of hope in this regard. There is no centralized system in the decentralized ecosystems so that the users won’t face the problem of blockades or shutdowns.
ICP crypto can be used for various purposes in the mentioned ecosystem. The significant purposes it is intended to serve include governance, regulation, payment, etc. The fast speed and security of the ICP ecosystem will make it one of the leading names in decentralized cloud service providers.
ICP Price Prediction
The current price for Internet computer crypto is $27.22, which has improved 1.88% in the previous seven days as per CoinMarketCap. ICP crypto ranks 40th in the global crypto list, while the market cap for the mentioned coin is $5,194,587,335.
The price predictions for this coin were very encouraging when it began its journey. It reached the glaring price of $700 in May 2021, which was nowhere forecasted in the ICP prediction for 2021. In the same manner, it went through a dazzling fluctuation of -93%, which was unprecedented in the case of any other coin.
ICP price prediction history
Internet Computer crypto began its journey on a bullish note because of its blockchain system’s services. The story of fluctuations has continued since its launch, and it has suffered significant setbacks, but that doesn’t end its story. The historical data and the blockchain system’s features show that it can rise further.
ICP price prediction for coming years shows a positive trend through the current trend is not that bright compared to its earlier performance. According to DigitalCoinPrice, it has the potential to go up to $116.19 in 2028. The chances of improvement can be even better because the market is not static and might bring it much higher.
ICP Price in 2021
2021 was a tumultuous year for many cryptocurrencies, which holds for Internet Computer cryptocurrency. ICP started in May 2017, as per the record available on CoinMarketCap, and its price was in the $700 range, which continued to depreciate till it reached $222 on 20 May 2021. On June 30, this price was in the $54 range, much lower than the one with which it started. The same coin ended July 2021 with $43.85 and August 2021 with $67.68. The same year’s September ended with $45.58, while October brought no significant change, closing at $46.79.
So, apart from the major fall from $700, the ICP coin has seen no major fluctuation. Despite the hard times that the ICP coin faced, it is expected to rise higher in the future. The setbacks it faced resulted from the price correction process, which will determine its value in the upcoming days.
ICP Price Prediction: Wallet Investor Opinion
Wallet Investor is not optimistic about the growth of the ICP crypto because of its previous performance. According to its 1-year forecast, Internet Computer coin will have a price of $2.836, which is even lower than the price that it already has, i.e., $27.221.
Wallet Investor doesn’t consider it a good investment because of its few growth prospects. If this continues, ICP’s progress will turn negative and might reach a negative of 97% in December 2025.
The past month has remained bearish for the ICP coin, which might continue longer. According to Wallet Investor, the resistance level for this coin is 27.751, which is not that satisfactory. If the current trend continues, the price for ICP coins will be $18.882 in the first ten days of January 2022.
ICP Price Prediction: Trading Beasts Opinion
Trading Beasts has presented an elaborate analysis of ICP prices and presented a forecast for years up to 2024. The mentioned site shows relatively better ICP coin prospects than Wallet Investor.
Trading Beasts shows phenomenal growth for this coin and predicts that the ICP coin might cross $100 in 2024. In other words, it predicts a revival process for Internet Computer Coin.
Internet Computer Price Prediction 2022
2022 will start with $26.252 and grow to $30.459 in February, which is about 12.35% growth. The same year will conclude with 146.44% growth, taking the price to $66.811.
Internet Computer Price Prediction 2023
The first month of 2023 is expected to add 155.12% to the bulk of Internet Computer Coin. The growth until the closing month is forecasted to be 223.64%, taking the price for ICP crypto to $87.238.
Internet Computer Price Prediction 2024
January 2024 will start on a bullish note, adding a bulk of 228.48% to ICP coin, while the same year will close with 271.78%, bringing its price to $100.789. The predicted progress means that the ICP coin is a good investment and will get profitable results.
DigitalCoinPrice – ICP Price Prediction
DigitalCoinPrice predicts significant gains in the value of ICP coins in the future. The predictions show that it will go up to $121.98. If this forecast goes well and the price gains are as such, ICP will be a beneficial investment for capital.
ICP Price Prediction for 2022, 2023, and 2024
2022 is expected to take ICP price to $43, while in 2024, it is expected to be $61.08, which will benefit the investors. The forecasts are based on the previous performance, so they can be relied on.
ICP Price Prediction 2025, 2026, 2027, and 2028
According to DigitalCoinPrice, 2025 will be bearish and bring back its price to $55.32, while 2026 will take it back to $73.99. 2027 is expected to take it further high, reaching $97.18. The year 2028 might take ICP to $116.19.
ICP Price Prediction on Reddit
Reddit users are hopeful about the rise of internet computer coins in the future. ICP price prediction on Reddit has taken stats from different periods to show its progress and prospects. As per an update from a Reddit user, the mentioned coin once reached $700.65, but it has faced difficult times since then.
Later the crash brought it 93.47% lower, and it suffered tremendous setbacks. It dropped to $27.44 in July 2021 and continued to fluctuate. As per updates in December 2021, it is still in the $27 range, so it needs to rise 1,455% to get back to its previous position. So, Redditors predict that it can go high but might not reach the previous position in the near time. The loss in the case of the ICP coin was unusual, and it might take time for a revival.
Where to buy ICP: exchange Internet Computer at the best rates
ICP coin seems promising, which is why it has attracted many investors. The reason for fame is the revolutionary idea that it has brought and the chances of growth. The better option that a user can choose to invest capital in ICP crypto is through a reliable exchange. Swapzone can be used for the exchange of ICP crypto. The procedure for this transaction is simple. Just follow the steps below:
Step 1. Open Swapzone on your web browser.
Step 2. In the “select pair” tab, insert the amount and amount of crypto that you are willing to swap in the “send” section.
Step 3. In the “get up to” section, input the amount of ICP crypto you wish to receive.
Step 4. Swapzone will provide you with a number of offers. You have the option to choose based on the best rate, fastest exchange, and the one with the best service rating.
Step 5. If you are unsure about a certain exchange, simply click on it and you will get more information on the exchange partner such as pros and cons along with user reviews.
Step 6. Once you find an offer you like, simply click on it and click on “exchange”.
Step 7. Once you do so, you will be prompted to enter the wallet address to receive ICP, and an email address (optional). Once you’ve entered these details, hit on “proceed to exchange”.
Step 8. After your deposit is received, the exchange partner will then convert your deposit to ICP. Just wait for the process to finalize. It may take some time.
Step 9. Once the process finalizes, you will receive your ICP coins at your wallet address. Take a moment to rate the exchange partner and leave behind an honest review.