A LONG-TERM PRICE ANALYSIS OF ICP

ICP

The Internet Computer has seen improved growth of its chain, and the team behind this blockchain is moving to implement more features on the roadmap. A groundbreaking pump is on its way as DFINITY shows the true capability of the chain in the coming weeks, months, and years ahead. It’s no secret that the bearish run has taken a toll on this coin and has affected the recent price action.

This has been the trend in recent memory; however, unlike other coins that have little or no use case like Shiba Inu, the Internet Computer does have actual utility. Additionally, the probability of an upward boom is significant considering the scalability and the promising tech. Recently, the marketing team has been changed and can hopefully begin to promote the chain after 15 months of radio silence since Genesis.

At the time of writing this article, ICP has a circulating supply of 249,650,025 ICP and a total supply of 485,635,543 ICP. Bitcoin still sits at the top, with Ethereum moving slowly behind. ICP will, with time, move to the third position as one of the greatest breakthrough coins. Moving on, technical analysis will be of great importance as we delve deep into the crux of this article

TECHNICAL ANALYSIS

Just about fourteen months after its launch, the ICP is ranked 36th among cryptocurrencies with an ATH price of  $750.73, but dipped further till it got to its current price at $8.71 –  with a 24-hour trading volume of $132,334,588, which is currently up by 18.05% compared to 3.83% around early July. 2021 was a mixed year for the coin, but it survived the plunge with plans in place to ensure the best years are yet to come. Many experts have supported this project with zeal and under unequivocal responses that show that it is a good investment and can grow at a great pace.

The resistance level of the coin presently lies on four scales, the first at $7.98, $12.16, $17.90, and $26.99, respectively; the support level remains at $4.72. Consequently, the current price indicates poor performance, but it is expected to have a bullish run afterward.

The momentum of the price is currently in an upward movement. ICP is below $50 at the moment, and the coin seems to be forming a positive RSI divergence.

Since ICP is just beginning, experts have given opinions on the future of the coin. Here are some of the opinions given.

According to Digital Coin, the ICP is a wise investment and is predicted to reach a minimum price of $7.09 and a maximum price of $8.10, with an average price of $7.55 by the end of 2022. It has currently surpassed many people’s predictions.
Some others believed that the coin will experience a significant increase by year’s end and would stay at $10.
The Reddit community predicted that the Internet computer will eventually see some relief. There is potential for consolidating tendencies that suggest the price trend for Internet computers may increase, making it a better investment than trading Bitcoin or other cryptocurrencies.

The overall future prediction of this coin will depend solely on the promising projects built on this chain consisting of a large team of qualified devs and specialists. ICP has attracted quite a lot of attention within the entire crypto community and a bunch of amazing investors. If all goes as planned, the native token will increase drastically within a short while.

The next few weeks might expose other predictions that will shore up the current price – hopefully, a bullish move will spike some attention towards the ICP. Let’s take a tilt to the other end of the discussion, where predictions will be discussed at length.

ICP Price Prediction for 2022-2024

With the current market, the Internet Computer is predicted to hit a minimum of $19.5 in 2022 as the token potential increases to a maximum of $23.5 and an average of  $20.5 throughout the year. Furthermore, the market will not be void of a bear rush in the second quarter of the year; 2023 comes with continued macro pressures and a minimum price level of $28.80, it will reach a high level of $35.53, and an average of $29.76 is likely to ensue in 2023.

According to expert predictions for 2024, the price will technically reach a minimum of $40.22, reaching a maximum of $48.75. To wrap it up for 2024, the coin can average a $41.41 price

ICP Price Prediction for 2025-2027

Investors are advised to stake more of their money during this critical period of the ICP’s growth. Others can purchase more during this time because the coin is in danger of bursting. Technically, in 2025, the minimum wage will be $58.09, while the average wage is predicted to be $60.26, with a maximum wage of $68.99.

In 2026, a minimum price level of $84.75 is expected to be reached for the Internet Computer, with an average price level of $85.75 to follow. All year long, the maximum market price of $98.30 is conceivable.

ICP is targeted to bounce to $116.51. Fortunately for us, the cost of ICP will reach a maximum price of $144.90 in 2027; the average should be hovering between $119.86 and $120.01. Hop on the train to gain an insight into why you should buy some ICP. Once you buy on the exchange, you will want to move your money to a crypto wallet. The two most popular wallets for use with ICP are Stoic and the NNS.

ICP Price Prediction for 2028-2030

The cost of an Internet computer is anticipated to range between $161.47 and $200.27. 2028 should see an average price of $167.48. A steady increase is soon to come, but any bull run will not exceed a 0.10% annual increase.

There will be many ups and a few downs in the price of this token in 2029; it is anticipated that the price will range from $232.59 to $278.15. The average for the year will stay at $240.95.

Finally, a price increase is inevitable as the currency enters its decade move; it will at the very least hit $323.85. ICP will have a maximum value of $412.94 and a median price level.

CONCLUSION

Despite the fact that ICP is a new chain, it is supported by promising projects and an experienced team. Many crypto enthusiasts are interested in the Internet Computer network. The project’s goal is to solve internet-related difficulties. Although we believe that ICP is a good long-term investment, we recommend that you do your own research before investing in it