Internet Computer is a blockchain aiming to turn the Internet into a decentralized network. This “World Computer” blockchain, the first of its type, can be used to create practically any online system or service without traditional IT infrastructure. The ICP is Internet Computer’s native token designed to power the entire network.
However, since its launch in 2021, the ICP token has been in a bearish trend. The ICP token hit the market at an open price of nearly $428.5; as of July 9, 2023, ICP trades at around $4.1. Can this crypto asset recover? Let us discuss it in the following Internet Computer price prediction for the coming years.
Internet Computer Overview
As of July 9, 2023, ICP was the 31st most valuable cryptocurrency, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
How Does Internet Computer Work?
The Internet, as we know it, has a centralized architecture. Large data centers store data, which computers and other devices can access via a communication protocol. Internet Computer aims to fundamentally change this approach by adding World Computer Functionality to the Internet. This architecture will allow individual computers and small data centers to store information. These node machines are interconnected via the Internet Computer Protocol (ICP), where the network’s token takes its name from.
Developers can build online systems and services using smart contracts in a decentralized Internet. This technology can enhance the security of the said systems and services, making firewalls unnecessary. Moreover, the decentralized Internet can facilitate the implementation of Web3, in which online systems and services can process cryptocurrencies, creating new economic rails. This way, new paradigms will emerge, like SocialFi, combining social media with DeFi products.
The ICP token incentivizes people to engage with the network; for instance, those hosting data on their computers get rewards in this crypto asset. ICP is also used for governance; holders can vote in critical blockchain decisions.
Internet Computer Last Price Analysis
The ICP token began trading in the open market on May 10, 2021. On that day, ICP reached its all-time high at $750.7. However, after such an impressive hike, the ICP price plummeted. One month later, on June 10, ICP traded at approximately $75; it lost almost 90% of its value within a month! After such a massive devaluation, the ICP price continued to decrease, albeit at a lower speed. Although the ICP price increased in August and September, it ended 2021 at around $24.4.
In the first days of 2022, the ICP price spiked, reaching $36 on January 9. This sudden price increase resulted from the launch of the Terabithia Bridge, a function improving interoperability between Internet Computer and Ethereum. However, the ICP price continued to fall after that price hike. Despite some minor rallies, ICP ended 2022 at $3.9. During the first half of 2023, there have not been significant price moves. As of July 9, 2023, ICP traded at around $4.1.
Internet Computer Crypto Price Prediction
Internet Computer Price Prediction 2023
PricePrediction expects ICP to trade at an average price of $4.9 throughout 2023. Accordingly, this token could reach a maximum price of $5.3 this year. It means the ICP price will moderately increase in the second half of 2023. BitcoinWisdom is more optimistic and predicts an average price of $5.6 and a maximum of $6. For its part, DigitalCoinPrice indicates an average ICP price of $8.3, possibly reaching a maximum of $8.8. So, if you invested in ICP at the current $4.1, your investment could grow by +114% within the next six months.
Internet Computer Price Prediction 2024
The ICP price will likely continue to expand in 2024. PricePrediction expects this token to trade at an average of $7.2 and a maximum of $8.4 next year. For its part, BitcoinWisdom predicts an average price of $8.8 and a maximum of $10. DigitalCoinPrice is more optimistic, with an average IC price of $10, with a potential maximum of $10.2. Hence, your ICP investment at the current $4.1 could grow by +148% next year.
Internet Computer Price Prediction 2025
PricePrediction expects ICP to trade at $10.5 on average in 2025, possibly reaching $12.4. BitcoinWisdom indicates an average price of $12.7 and a maximum of $13.9. For its part, DigitalCoinPrice forecasts an average ICP price of $14 in 2025, which could reach $14.3. Your ICP investment at the current $4.1 could expand by +248% in 2025.
Internet Computer Price Prediction 2030
Accurate long-term crypto price predictions are difficult to produce because of the many factors that can affect the price of a cryptocurrency over the years. That is why it is not uncommon to see significant discrepancies between different long-term predictions. In this case, BitcoinWisdom predicts an average ICP price of $32.6 in 2030, with a possible maximum of $33.8. For its part, DigitalCoinPrice indicates an average price of $41.2 and a maximum of $41.9. PricePrediction is significantly more optimistic, predicting an average ICP price of $70 and a maximum of $77.9. So, your ICP investment at the current trading price of $4.1 could grow by +1,800%.
Summary
Price Prediction is an exciting project with a good idea to transform the Internet as we know it. Unfortunately, its ICP token has had a rocky past. Some experts think this asset will unlikely recover. However, price predictions indicate that the ICP token will regain some value in the coming years. Although past performance does not necessarily determine a token’s future price, it is advisable to invest in ICP cautiously.
FAQ
Is Internet Computer a good investment?
It might be if we answer the question based on price predictions only. However, you should research this asset thoroughly before investing.
Will ICP reach 100 dollars?
Yes, it is likely. PricePrediction indicates the average ICP price in 2031 will be $101.8.
Where can I buy Internet Computer (ICP)?
Several exchanges list this token for trading. However, LetsExchange.io is the best option to purchase ICP and over 3,900 tokens and coins at competitive rates.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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