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Internet Computer ICP price prediction 2024-2030: Is ICP a good investment?

1M ago
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bearish:

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Key takeaways

  • Internet Computer price prediction for 2024 projects a maximum price of $17.45, indicating stable performance with moderate price fluctuations.
  • Internet Computer price forecast in 2027 expects the token to reach a peak price of $57.54.
  • By 2030, the Internet Computer token price might reach a maximum of $178.59.

Internet Computer (ICP) is a groundbreaking blockchain network developed by the DFINITY Foundation. It aims to extend the functionality of the internet, enabling it to host backend software, and transforming it into a global, decentralized computer. The network leverages advanced cryptography and innovative technology to provide scalable, efficient, and secure decentralized applications (dApps).

Given its robust technology and expanding utility, the future price prospects for ICP look promising. As more developers build on the platform and adoption increases, the ICP token demand will likely rise.

Will ICP reach $100? Let’s get into the price analysis and predictions.

Overview

CryptocurrencyInternet Computer
TokenICP
Price$8.367
Market Cap$3.88B
Trading Volume$94.81M
Circulating Supply465.35M ICP
All-time High$750.73, May 10, 2021
All-time Low
24-h High$9.87
24-h Low$9.15

Internet Computer technical analysis

MetricValue
Price Prediction$26.57 (227.00%)
Volatility11.54%
50-Day SMA$11.93
14-Day RSI26.15
SentimentBearish
Fear & Greed Index64 (Greed)
Green Days11/30 (37%)
200-Day SMA$11.76

Internet Computer price analysis: ICP obtains bullish momentum at $8.367

TLDR Breakdown

  • ICP price analysis is bullish today
  • ICP support is present at $7.973
  • Current Internet Computer price is $8.367 at the time of writing.

On June 19, 2024, the Internet Computer (ICP) token experienced a significant crash, dropping from $8.795 to $7.841, which heightened market volatility. After a brief rebound to $8.367, it fell again to $8.428. This event highlights the cryptocurrency market’s unpredictable nature. Despite the decline, ICP has seen a surge in trading volume and continues to hold a strong market cap. Currently, the ICP price stands at $8.367.

ICP price analysis for 1-hour: Recent developments

The ICP token is highly volatile and frequently influenced by broader market trends. According to Bollinger Bands analysis, ICP is approaching the upper band threshold of $8.447, which indicates strong resistance. Surpassing this level will necessitate substantial buying pressure.

The $7.973 level has been a crucial support for the ICP token, but its recent breach has led to increased volatility. Currently, ICP is retracing its support band amid these fluctuations, underscoring the importance of regaining and maintaining this critical support level.

ICP/USD 1-hour price chart Source: TradingView

With a Relative Strength Index (RSI) of 56, ICP indicates a stable condition with strong continuity potential. This suggests a possible near-term downturn, emphasizing the importance of closely monitoring RSI trends to understand market behavior. The upward movement of the RSI shows that buying activity currently outweighs selling activity.

ICP 1-day price analysis: ICP increases to $8.367

ICP’s price dynamics exhibit rapid fluctuations. Bollinger Bands analysis indicates critical resistance around $13.339, which could potentially reinforce upward momentum. However, a strong support level at $7.930 helps safeguard against further declines.

Current trends indicate that ICP is trading below the Moving Average line, a signal that suggests a possible shift in market direction. This position below the Moving Average often hints at a bearish sentiment, where sellers may dominate, leading to further price declines. However, it also presents a potential buying opportunity for investors if the price starts to recover and crosses back above the Moving Average.

ICP/USD 1-day price chart Source: TradingView

A detailed analysis shows that ICP is in an oversold condition with an RSI of 28, indicating that sellers dominate the market. Monitoring these trends is crucial as they may signal shifts in market dynamics. By tracking these indicators, investors can better anticipate changes, adjust their strategies to navigate market fluctuations, and seize potential opportunities.

ICP technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 9.71SELL
SMA 5$ 9.59SELL
SMA 10$ 9.96SELL
SMA 21$ 10.94SELL
SMA 50$ 11.93SELL
SMA 100$ 13.39SELL
SMA 200$ 11.76SELL

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 10.85SELL
EMA 5$ 11.27SELL
EMA 10$ 11.72SELL
EMA 21$ 12.14SELL
EMA 50$ 12.81SELL
EMA 100$ 12.93SELL
EMA 200$ 11.66SELL

What to expect from the Internet Computer price analysis

ICP price analysis reveals negative risks by which is marked by a stable and bullish trend with great volatility. Currently, bulls are in control of the market because the buying activities of traders are currently in favor of them. Bulls are also trying to turn the tables in their favor in an effort to regain control. This implies that bulls have accomplished their goal as buying activity exceeds selling activities.

Recent news/opinion on ICP

  • Helix Markets launch cutting-edge order book DEX to bridge DeFi and CeFi on the Internet Computer protocol.

Internet Computer price prediction June 2024

In June 2024, the Internet Computer forecast (ICP) reveals the token is anticipated to have a minimum price of $11.51, an average trading price of $21.48, and a maximum price of $31.44.

ICP Price PredictionMinimum PriceAverage PriceMaximum Price
ICP Price Prediction June 2024$11.51$21.48$31.44

Internet Computer price prediction 2024

In the remainder of 2024, the Internet Computer (ICP) token is expected to have a minimum price of $15.14, an average price of $15.74, and a maximum price of $17.45. These projections indicate a stable performance with moderate price fluctuations throughout the year.

ICP Price PredictionMinimum PriceAverage PriceMaximum Price
ICP Price Prediction 2024$15.14$15.74$17.45

Internet Computer price predictions 2025 – 2030

YearMinimumAverageMaximum
2025$22.02$22.65$26.83
2026$32.98$33.89$39.58
2027$49.49$51.19$57.54
2028$73.05$75.10$86.18
2029$101.95$104.95$126.86
2030$150.26$155.51$178.59

Internet Computer price prediction 2025

In 2025, Internet Computer (ICP) is expected to reach a maximum value of $26.83, with an average price of $22.65 and a minimum of $22.02.

ICP price prediction 2026

For 2026, ICP could reach a maximum value of $39.58, with a lower threshold of $32.98 and an average price of $33.89.

Internet Computer token price prediction 2027

In 2027, ICP might achieve a peak price of $57.54, with a minimum of $49.49 and an average of $51.19.

Internet Computer ICP price prediction 2028

The 2028 forecast suggests ICP could reach a high of $86.18, with an average price of $75.10 and a minimum of $73.05.

Internet Computer ICP price prediction 2029

In 2029, ICP is projected to fluctuate between $101.95 and $126.86, with an average price of $104.95.

Internet Computer ICP price prediction 2030

By 2030, ICP might reach a maximum price of $178.59, with a minimum of $150.26 and an average of $155.51.

Internet Computer market price prediction: Analysts’ ICP price forecast

Firm Name20242025
Changelly$24.90$17.32
DigitalCoinPrice$23.98$28.40
Gate.io$13.82$13.68
  • According to CoinPedia, Internet Computer (ICP) is expected to show consistent growth from 2024 to 2030. The price range is forecasted to rise from a low of $18.89 in 2024 to $63.18 by 2030, with average prices increasing from $22.88 to $79.49.
  • SwapSpace also predicts a favorable outlook for ICP, with average prices rising steadily. The potential return on investment (ROI) ranges from 58% in 2025 to 306% by 2030.

Cryptopolitan’s Internet Computer (ICP) price prediction

Cryptopolitan’s price predictions for Internet Computer (ICP) from 2024 to 2030 indicate steady growth and promising returns. The forecast shows a gradual increase in ICP’s value, with average prices rising consistently. The average projected price is $12.61 in 2024, $41.05 by 2027, and $131.49 by 2030.

Internet Computer historic price sentiment

  • From June to August 2021, ICP started at $49.75, saw highs of $128.43 and lows of $27.08, ending August at $37.61—a 56.61% decrease from June—as volatility characterized its price movements.
  • From September to November 2021, ICP experienced ongoing volatility, with prices fluctuating between $39.53 and $45.15. The period concluded in November 2021 with ICP priced at $38.18, reflecting a 9.36% decrease from its value in September.
  • From December 2021 to February 2022, ICP’s prices fluctuated between $18.14 and $24.64. February 2022 saw a notable increase to $24.64, ending the period with a modest gain of 1.67% compared to January.
  • From March to May 2022, ICP experienced price fluctuations ranging between $11.36 and $14.55. By the end of May 2022, the price had declined sharply to $6.05, marking a significant 33.41% decrease from March.
  • From June to August 2022, ICP prices continued to decline, fluctuating between $4.62 and $9.34. By the end of August 2022, the price had settled at $5.66, indicating a notable decrease of 30.67% from June.
  • From September to November 2022, ICP prices fluctuated between $2.88 and $6.21. By the end of November 2022, the price had decreased to $3.52, showing a decline of 22.50% from its value in September.
  • From March to May 2023, ICP’s prices fluctuated between $4.54 and $6.49. By the end of May 2023, the price had decreased to $4.63, marking a significant decline of 26.96% from March.
  • From June to August 2023, ICP experienced continued volatility, with prices ranging from $3.37 to $4.87. By the end of August 2023, the price had increased to $3.92, showing a modest gain of 3.08% from June.
  • From September to November 2023, ICP’s prices fluctuated between $2.88 and $4.53. By the end of November 2023, the price had increased to $3.77, showing a gain of 15.54% from its value in September.
  • From December 2023 to February 2024, ICP’s prices saw a significant increase, rising from $9.55 to $12.58. By the end of February 2024, the price had reached $10.56, reflecting a gain of 9.73% compared to January.
  • From March to May 2024, ICP’s price fluctuated between $10.70 and $13.98. By the end of May 2024, the price had decreased to $11.21, indicating a decline of 7.88% from its value in March.
  • In June 2024, the price of ICP is trading within the range of $9 – $13.
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