Internet Computer (ICP) Price Prediction for 2024, 2025: Can ICP Double This Year?
The world of DeFi is like a roller coaster, with numerous projects emerging in the market. Projects like Internet Computer (ICP) have introduced brilliant ideas for allowing the public to develop innovative decentralized applications. This has helped the protocol establish its dominance in the industry.
Additionally, its blockchain-based computer allocates and measures smart contract computation and data collection at network speed. It also significantly simplifies the implementation and storage of information, providing flexible software architecture for programmers in the ICP community.
Are you one of the many who missed the historic price surge of Internet Computer and have been analyzing its prospects? Don’t hesitate any longer; let’s decode feasible ICP price predictions for 2024 and beyond!
ICP Price Prediction for 2024
ICP showed significant gains in 2023, with its portfolio increasing by over 130%. The influx of security and manageability features, along with interesting advertising campaigns, could significantly boost Internet Computer’s price.
In this scenario, the price might rise to a potential high of $26.87. On the contrary, potential regulatory constraints could bring the price down to a low of $11.89. Accordingly, the average trading price by the end of the year is expected to be $19.38.
ICP Price Prediction for 2025
By 2025, prices across the industry could see substantial increases. Internet Computer’s development projects focusing on education, awareness, and technological strength could raise costs to $34.63.
However, emerging competitors, more intense competition, and a lack of driving initiatives could drag the price down to a low of $20.29. Thus, the average trading price at the end of the year would be $27.46.
ICP Price Prediction for 2026
According to our analysts, the price of Internet Computer in 2026 might range between $26.26 and $43.05, with an average price of around $34.65.
ICP Price Prediction for 2027
For 2027, our analysts predict that ICP could range between $35.39 and $52.57, with an average price of around $43.98.
ICP Price Prediction for 2028
According to our analysts, the forecast for Internet Computer in 2028 might range between $44.75 and $60.77, with an average price of around $52.76.
ICP Price Prediction for 2029
Our analysts predict that ICP in 2029 might range between $52.87 and $74.26, with an average price of around $63.56.
ICP Price Prediction for 2030
According to our analysts, the forecast price for 2030 might range between $63.18 and $95.81, with an average price of around $79.49.
What is Internet Computer?
Internet Computer, developed by the non-governmental organization DFINITY, is one of the successful organizations that attracted substantial funds from investors at an early stage. Founded by Dominic Williams in October 2016, the project gained public interest due to the implementation of blockchain technology.
The foundation launched Internet Computer in May 2021. ICP is a utility token that allows clients to connect and manage the Internet Computer public blockchain. The protocol aims to simplify website creation alongside internet services and DeFi programs by allowing users to run existing code on an open network.
Fundamental Analysis
Internet Computer was founded by Dominic Williams, who is also the chief scientist at DFINITY. Dominic is a cryptography theorist and the inventor of Threshold Relay, Probabilistic Slot Consensus, and more. He is also the president and CTO of String Labs, an early pioneer of decentralized finance at Mirror Labs, and the founder of Fight My Monster.
The platform is designed to store data using blockchain and retrieve data as an open-source digital asset. ICP acts as a node for decentralizing internet power. The project has been instrumental in building services to design a relatively more diverse, efficient, enthusiastic, and dominant ecosystem.
Additionally, it is crowned as the world’s first and largest blockchain, operating at network speed without bandwidth limitations. Besides Ethereum, it includes three other blockchain innovations.