- Bullish Internet Computer (ICP) price prediction ranges from $3.599 to $9.5
- Analysis suggests that the ICP price might reach above $9.321.
- The ICP bearish market price prediction for 2023 is $3.665
In addition to Bitcoin and Ethereum, the Internet Computer (ICP) is the third key invention in the blockchain technology space.
Internet Computer is a collection of protocols that enables independent data centers around the world to collaborate and give a decentralized alternative to the present centralized internet cloud providers. The ICP token is utilized for network governance (holders can vote on the network’s future) to reward network participants for good behavior and to pay transaction fees.
If you are interested in the future of Internet Computer (ICP) and would want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!
What Is Internet Computer (ICP)?
Internet Computer integrates a radically reconceptualized blockchain design that is powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without the need for traditional IT such as cloud computing services. As such, it can enable full end-to-end decentralization.
The Internet Computer website states:
We aim to create a “blockchain singularity” in which every system and service is rebuilt and reimagined using smart contracts and runs entirely from the infinite public blockchain without the need for traditional IT.
The Internet Computer blockchain was developed by the DFINITY Foundation, headquartered in Zürich, Switzerland, which runs R&D centers in Switzerland and California, and remote teams worldwide.
The DFINITY Foundation was founded in Switzerland in October 2016 to organize the development of the Internet Computer blockchain. The name DFINITY is an abbreviated version of “decentralized infinity,” and dates from early 2015. It was first used by project founder, Dominic Williams, to refer to his theoretical crypto work, which he hoped would make a World Computer possible.
Analysts’ Views on Internet Computer
In a tweet themed “How to be wealthy by 2030” MartyParty, a blockchain architect nominated some altcoins that will form the network of the future. According to him, Solana, Avalanche, and Aptos were among the top three, while Internet Computer ranked ninth chronologically.
Furthermore, MartyParty gave a cut-off price for the altcoins and advised his follower to accumulate those coins/tokens as long as they were under the cut-off price. He stated, “Accumulate ICP under 5 forever”.
Internet Computer (ICP) Current Market Status
Internet Computer (ICP) has a circulating supply of 435,837,506 ICP coins, while its maximum supply is unavailable, according to CoinMarketCap. At the time of writing, ICP is trading at $5.29 representing 24 hours decrease of 5.93%. The trading volume of ICP in the past 24 hours is $27,323,141 which represents a 17.39% decrease.
Some top cryptocurrency exchanges for trading Internet Computer (ICP) are Binance, Huobi, Coinbase, and OKX exchanges.
Now that you know Internet Computer and its current market status, we shall discuss the price analysis of Internet Computer (ICP) for 2023.
Internet Computer (ICP) Price Analysis 2023
Will the ICP blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect ICP’s sentiment over time? Read more to find out about ICP’s 2023 price analysis.
Internet Computer (ICP) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
When this setup is used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time.
The above thesis is derived from an Empirical law also known as the three-sigma rule or the 68-95-99.7 which states that almost all observed data for a normal distribution (normal scattering of data) will fall within three standard deviations.
As such, for a data set that follows a normal distribution, 68% of data will fall within 1 standard deviation of the mean, while 95% of data for the normal distribution will fall within 2 standard deviations of the mean and 99.7% of data will fall within 3 standard deviations of the mean.
Hence, as the Bollinger bands are calculated using two standard deviations, we could expect ICP to abide within the Bollinger bands 95% of the time. (i.e. whenever the cryptocurrency touches the upper band, the chances of it coming down are 95%.). This concept applies vice-versa as well.
Moreover, the sections highlighted by red rectangles show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. As the bands are widening currently, we could see a drastic change in prices.
Currently, the Bollinger bands are maintaining a constant distance between them. When considering ICP we could see that it is rebounding on the SMA. Hence, ICP could move in either direction.
However, when scrutinizing the formation of the latest candlestick, we could see that ICP has formed a red hammer at the time of writing. As such, ICP could go bullish and reach the Upper band. As such, buyers may consider entering the market.
It would be better if buyers wait for the formation of the next candlestick before entering the market. This is because ICP could go a bit lower than the SMA, and thereafter head towards the upper band. As both of these present an excellent entry point, it is important that buyers time the entry to into the market.
Notably, the Bollinger Band behaves very closely with the Keltner channel. For instance, if you were to use both the Bollinger bands and Keltner channel indicators for a cryptocurrency, you would see that almost most of the time both indicators overlap.
However, the only difference between with Bollinger band and the Keltner channel is that the Bollinger bands use Standard Deviation while the Keltner channel uses Average True Range for calculating its bands which are the top and bottom limits.
Internet Computer (ICP) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price.
Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish.
When considering the first green rectangle from the left of the chart below we can see that the RSI is below the signal. Hence, ICP is bearish and as a result, it is making lower lows
The second green rectangle shows that the RSI line (purple) is above the Signal line (yellow). As such, ICP is bullish or gaining value. Therefore it is reaching higher highs as shown in the chart.
Currently, the RSI of ICP is at 52.72 and it is tilting upwards. Since ICP is neither overbought nor oversold we could say that it is in a strong trend. Moreover, since 58.02 has been a prominent place for trend reversal on the RSI indicator there is a possibility of the RSI going up until 58 before making a trend reversal.
Additionally, ICP had reversals at 66.86, 72.67, and 78.74. Out of the three mentioned, the latter has been a prominent trend reversal point. However, ICP could reverse at any given RSI limit.
Contrastingly, in the event that the RSI falls then it would seek to reverse its trend at 33.15 or 26.79.
To properly adjudicate this scenario, it is better for the investors to wait for the market to make a move, before making any vital moves. Furthermore, using another indicator or a combination of indicators for ensuring the probability of the occurrence of a trend reversal would be a smart option to look to.
To deduce whether a cryptocurrency is bearish or bullish, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains against the losses is then deducted from the 100.
If the answer is equal to or less than 30, then we call that the price of the security is in the oversold region.
This means that many are selling the security in the market, and as such the security is undervalued. Moreover, as per the Supply-demand curve theory, the price is supposed to drop when there is an increase in supply.
If the answer is equal to or greater than 70 then the security is overbought as many are buying. Since many want to buy the security the demand increases which intuitively increases the prices.
Additionally, the RSI could be used to determine how strong a trend is. For instance, when a cryptocurrency is bullish or reaching higher highs, then the RSI line also should be making higher highs in unison.
For instance, if the RSI is making lower highs when the cryptocurrency is making higher highs, then we may say that although the token/coin is on a bullish trend it is losing value. As such, there could be a trend reversal in the future.
However, the RSI could also give false alarms for breakouts. Although we may expect, the prices to retrace if it goes to the oversold or overbought region, the prices also can stay in the oversold or overbought region for an extended period. As such, traders should be wary of it and let the market saturate before making vital decisions.
Internet Computer (ICP) Price Analysis – Moving Average
The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements.
The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.
In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.
Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs.
Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash.
Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (red elliptical). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Green triangle section).
We could see that ICP tested the 50-day MA on numerous occasions but wasn’t able to break above it. Had investors taken the false buy signal hoping for ICP to break out the 50-day MA and 200-day MA then they would have made a loss. However, the dawn of 2023 seems to have brought a glimmer of hope for ICP.
Unlike a conventional Golden Cross that produces a sudden spike, ICP started crashing after the Golden Cross. ICP which was trading above both Moving Averages crashed below both Averages abruptly.
Currently, ICP is just above the 50-Day MA, and there’s a possibility that ICP could rebound on the 50-day MA before it surges. If the preceding happens, then it might be an excellent entry point for buyers. However, buyers might need to watch for the market because ICP may fall below the 50-day MA and resort assistance from the 200-day MA, which might be another classic entry point.
Internet Computer (ICP) Price Analysis – Rate of Change
The Rate of Change Indicator is a momentum oscillator, that measures the change of the current price against the past price a few (n) periods ago, in percentage. As long as the price is rising ROC will be positive. But, the ROC indicator will reach the negative zone when the prices reduce. Increasing values in either direction, positive or negative, indicate increasing momentum and moving back toward zero indicates diminishing momentum.
Moreover, the equation for ROC is as follows: ROC = [(Today’s Closing Price – Closing Price n periods ago) / Closing Price n periods ago] x 100.
Unlike the RSI, ROC has no set overbought or oversold regions, it rather depends on a trader’s discretion. Traders often tend to find the areas in the positive and negative zones where the trend changes have happened in regularity. Based on this they could mark their bounds for overbought and oversold regions.
ROC could also be used as a divergence indicator that signals a possible upcoming trend change. Divergence occurs when the price of a stock or asset moves in one direction while its ROC moves in the opposite direction.
For example, if a stock’s price is rising over a period of time and registering higher highs while the ROC is progressively moving lower, or making lower highs, then the ROC is indicating bearish divergence from price, which signals a possible trend change to the downside. The chart shows an example of the above scenario. The same concept applies if the price is moving down and ROC is moving higher.
Additionally, the zero line crossover could be used to signal trend changes. However, depending on the number used for n (periods) in the indicator the signals may come in early or late.
ICP’s extremely overbought regions are marked as Overbought Region 1 at 14.54, Overbought Region 2 at 27.21, and Overbought Region 3 at 39.13. ICP’s trend reversed many times after it reached the Overbought Region 1.
Similarly, the ICP Oversold Regions are marked with Oversold Region 1 at -10.69, Oversold Region 2 at -22.05, and Oversold Region 3 at -51.35.
Currently, the ROC indicates a value of 21.48 and is placed in between Oversold Region 1 and Oversold Region 2. However, the ROC is tilting towards Oversold Region 2. ICP could move in any direction, hence, traders should take the necessary precaution and use different indicators to adjudicate the direction ICP could move.
Internet Computer (ICP) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $9.102 | $9.321 | $9.445 |
| 2024 | $13.851 | $14.122 | $14.870 |
| 2025 | $18.974 | $19.746 | $20.012 |
| 2026 | $4.879 | $5.338 | $5.901 |
| 2027 | $7.912 | $8.492 | $8.901 |
| 2028 | $8.178 | $8.2712 | $8.520 |
| 2029 | $10.802 | $11.695 | $12.002 |
| 2030 | $5.924 | $6.039 | $6.342 |
| 2040 | $9.998 | $10.794 | $11.205 |
| 2050 | $6.984 | $7.383 | $8.214 |
Internet Computer (ICP) Price Prediction 2023
When looking at the chart above we could see that since the second half of August 2022, ICP was trading below the Resistance 1 level at $7.579. Moreover, ICP formed the cup and handle pattern. If ICP trades as by the pattern book, then we could expect it to test Resistance 1 at $7.579 before it moves towards Resistance 2 at $9.321. Moreover, the Resistance 1 level presents an excellent entry point for those going long.
Moreover, the price action between Resistance1 and Resistance 2 is around 25%. Hence if buyers enter the market at the right time, this lucrative offer is there for the taking.
There is also a possibility of ICP falling to Support 1 at $4.791 and thereafter testing the Resistance 1 level. In that case, Support 1 too provides an excellent entry point. Furthermore, it has a price action of 50%. Contrastingly, if ICP loses momentum and starts falling it may seek the assistance of Support 1. If Support 1 fails to hold the prices from further falling, then ICP will land on Support 2 at $3.665.
Internet Computer (ICP)Price Prediction – Resistance and Support Levels
The chart above shows how ICP descended through the Resistance levels to Support 1. During the initial phase, ICP was dominated by the bears. However, when considering the fluctuation between Resistance 2 and 3, we could see that the bulls were fighting against the increased bear pressure. As such. ICP was consolidating between Resistance 2 and 3.
Nonetheless, the bulls could not hold on to the position with bear power intensifying, hence, the bulls gave up and the ICP crashed below Resistance 2 finding Support at Resistance 1. After finding Support Resistance 1, ICP tested Resistance 2 but was rejected.
Not long after being rejected was ICP encountered by the bears once again and as such Resistance 1 could not keep supporting the fall. However, this time although ICP fell, we could see it testing Resistance 1 after falling below
Internet Computer (ICP) Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect ICP to trade at a price not below $9.321 by the end of 2024.
Internet Computer (ICP) Price Prediction 2025
ICP may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ICP will continue to rise in 2025 forming new resistance levels. It is expected that ICP would trade beyond the $14.122 level.
Internet Computer (ICP) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ICP could tumble into its support regions. During this period of price correction, ICP could lose momentum and be a little below its 2025 price. As such it could be trading at $19.746 by 2026.
Internet Computer (ICP) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such we could expect ICP to trade at around $5.338 by the end of 2027.
Internet Computer (ICP) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ICP will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ICP would be trading at $8.492 after experiencing a massive surge by the end of 2028.
Internet Computer (ICP) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ICP could be trading at $8.2712 by the end of 2029.
Internet Computer (ICP) Price Prediction 2030
After witnessing a bullish run in the market, ICP and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ICP could be trading at $1.695
Internet Computer (ICP) Price Prediction 2040
The long-term forecast for ICP indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then ICP could fall in value. It is expected that the average price of ICP could reach $10.794 by 2040.
Internet Computer (ICP) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ICP could hit $7.383.
Conclusion
If investors continue to show interest in ICP and add these tokens to their portfolio, then, it could continue to rise up. ICP’s bullish price prediction shows that it could reach the $10 level.
FAQ
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography.
ICP can be traded on many exchanges like Binance, OKX, Deepcoin, CoinW, and Bybit exchanges.
ICP has a possibility of surpassing its present all-time high (ATH) price of $750.73 in 2021.
ICP is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, ICP might reach $10 soon after its breaks the Resistance 1 level.
ICP has been one of the most suitable investments in the crypto space. Although it has been depreciating in value, we could expect it to rise exponentially when the bottom is reached. Hence, traders may be allured to invest in ICP.
Data not available.
Internet Computer (ICP) was launched in 2021.
The Internet Computer blockchain was developed by the DFINITY Foundation, a team of famous cryptographers, computer science researchers, and engineers
The maximum supply of ICP is not available.
ICP can be stored in a cold wallet, hot wallet, or exchange wallet.
Internet Computer (ICP) price is expected to reach $10 by 2023.
Internet Computer (ICP) price is expected to reach $14.122 by 2024.
Internet Computer (ICP) price is expected to reach $19.746 by 2025.
Internet Computer (ICP) price is expected to reach $5.338 by 2026.
Internet Computer (ICP) price is expected to reach $8.492 by 2027.
Internet Computer (ICP) price is expected to reach $8.271 by 2028.
Internet Computer (ICP) price is expected to reach $11.695 by 2029.
Internet Computer (ICP) price is expected to reach $$6.039 by 2030.
Internet Computer (ICP) price is expected to reach $$6.039 by 2040.
Internet Computer (ICP) price is expected to reach $$6.039 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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