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

Key takeaways

• Internet Computer’s price prediction for 2024 projects a maximum price of $9.03.
• Internet Computer protocol price forecast in 2027 expects the token to reach a peak price of $29.51.
• By 2030, the Internet Computer forecast price might reach a maximum of $87.39.

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 current price analysis and predictions.

Overview

Internet Computer technical analysis

Internet Computer price analysis: ICP faces steady decline, closing at $9.73

TL;DR Breakdown

• ICP price analysis is bearish today.
• ICP resistance and support are at $9.55 and $9.98, respectively.

The ICP price analysis for 29 September shows a clear downward trajectory throughout the day, with the price starting at approximately $9.92 and steadily dropping to $9.73 by the end of the period. This consistent decline reflects bearish momentum, indicating that the asset has faced significant selling pressure. The lack of any substantial recovery during this timeframe suggests a persistent negative sentiment in the market, leading to a continuous fall in the price.

ICP price analysis for 4-hour: ICP faces a continued downtrend as selling pressure increases

In the 4-hour chart for Internet Computer (ICP), the price has shown a consistent downtrend after reaching a peak of around $9.73. This decline reflects a bearish sentiment, as the price failed to maintain higher levels and has gradually decreased, dipping below key support areas.

The RSI has dropped significantly, indicating increasing buying pressure and possibly overbought conditions in the hourly chart. It is currently around 62.08. Meanwhile, the MACD line and signal line form a bearish crossover, suggesting a continuation of the downward momentum. However, a slight convergence could imply a short-term reversal if the trend strengthens.

ICP 1-day price analysis: Bearish pressure continues as the price drops to $9.73

The 1-day ICP chart shows a clear downward trend, with the price declining to $9.73. This indicates ongoing bearish pressure as the price struggles to maintain higher levels and continues to face selling activity.

Looking at the indicators, the RSI is currently at 64.63, indicating that ICP is nearing overbought conditions. This suggests that the buying momentum is strong, but it may be approaching a point where a price pullback or consolidation could occur. The MACD line (blue) is at 0.138, while the signal line (orange) is at 0.327, with a slight positive histogram value. This shows that the MACD line is below the signal line but converges, suggesting a potential bullish crossover soon.

ICP technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from ICP price analysis

The recent Internet Computer (ICP) analysis reveals a bearish outlook, with the price experiencing a consistent downward trend. The indicators further confirm this negative momentum, suggesting that selling pressure currently outweighs buying interest. If this trend continues, ICP could face additional declines soon.

Is Internet Computer a good investment?

The Internet Computer (ICP) has shown significant potential and volatility since its launch, which is common for relatively new and ambitious blockchain projects. Its technology aims to decentralize the internet and bring smart contract functionality to the web, which could have wide-ranging implications for the future of web speed. However, the market performance of ICP has been highly volatile, and its success depends heavily on the adoption of its technology and the broader market environment for cryptocurrencies.

Will Internet Computer reach $25?

Yes, Internet Computer ICP is projected to reach and surpass $25. By 2027, the market cap for ICP could potentially peak at $29.51, and by 2028, it may approach $43.16, indicating a strong possibility of exceeding the $25 mark.

Will Internet Computer reach $50?

Yes, Internet Computer is expected to reach $50. Projections for 2029 suggest ICP could reach up to $59.11, which is likely to exceed $50 by that year.

Will Internet Computer reach $100?

Internet Computer is unlikely to reach $100 before 2030.

Does Internet Computer have a good long-term future?

Yes, Internet Computer shows a promising long-term future. Price predictions indicate steady growth, with potential increases from a minimum of $9.03 in 2024 to $87.39 by 2030, reflecting a positive trend and strong market potential.

Recent news/opinion on ICP

Dominic Williams, chief scientist at DFINITY Foundation, shared significant updates on the Internet Computer (ICP) blockchain, highlighting new features like cyber attack immunity for ICP-native applications and enhanced AI capabilities for app development. The improvements have also led to a 500% year-on-year growth in on-chain compute, demonstrating the rapid expansion and potential of the ICP network.

Internet Computer price prediction September 2024

For September 2024, ICP is expected to see a price range with a minimum of $7.29, an average of $7.86, and a maximum of $8.42. This forecast suggests a modest increase in ICP’s value, reflecting a potential upward trend in the coming month.

Internet Computer price prediction 2024

For 2024, ICP’s price is projected to range between a minimum of $8.20 and a maximum of $9.03, with an average estimate of $8.50. This prediction suggests a moderate increase in ICP’s value over the year, indicating a positive trend and potential for growth within this range.

Internet Computer price predictions 2025 – 2030

Internet Computer price prediction 2025

In 2025, analysts suggest a maximum price of $14.43 for ICP. Traders and investors can anticipate an average price of $11.88 and a minimum price of $11.45.

ICP price prediction 2026

In 2026, projections suggest that Internet Computer (ICP) could peak at $20.32, with a minimum forecasted at $17.00 and an average of around $17.59

Internet Computer token price prediction 2027

In 2027, ICP could potentially reach a high of $29.51, with a projected low around $24.85 and an average of approximately $25.56.

Internet Computer ICP price prediction 2028

The 2028 forecast indicates that ICP could potentially reach up to $43.16, with an average price forecasted at $36.07 and a minimum expected around $34.79.

Internet Computer ICP price prediction 2029

In 2029, ICP is expected to fluctuate between $49.95 and $59.11, with an average projected price of $51.39.

Internet Computer ICP price prediction 2030

By 2030, projections indicate that ICP could potentially achieve a peak price of $87.39, with a projected minimum around $72.84 and an average of approximately $75.41.

Internet Computer market price prediction: Analysts’ ICP price forecast

Cryptopolitan’s Internet Computer (ICP) price prediction

Cryptopolitan’s comprehensive price predictions for Internet Computer (ICP) span from 2024 to 2030, showcasing a gradual upward trajectory. In 2024, ICP is forecasted to range between $8.20 and $9.03, averaging around $8.50, indicating a stable but moderate growth outlook. Subsequent years show increasing potential, with projections for 2025 aiming at a maximum of $14.43 and averaging $11.88, reflecting continued adoption and technological advancements. By 2030, Cryptopolitan anticipates ICP could potentially peak at $87.39, with an average price around $75.41, underlining sustained bullish sentiment and market confidence in Internet Computer’s blockchain capabilities.

Internet Computer historic price sentiment

• ICP began trading in June at $49.75. From June to August, it peaked at $128.43 and dropped to $37.61. From September to November, it fluctuated between $39.53 and $45.15, ending November at $38.18. From December to February 2022, it ranged from $18.14 to $24.64.
• From March to August 2022, ICP declined significantly from $14.55 to $5.66. Between September and November, it continued to drop, ending at $3.52 in November.
• From March to November 2023, ICP prices remained volatile, fluctuating between $2.88 and $6.49, ending November at $3.77. From December to February 2024, it increased to $12.58 before closing February at $10.56.
• From March to May 2024, ICP ranged from $10.70 to $13.98, ending May at $11.21. From June to August, it fluctuated between $5.88 and $13.00, with current trading prices around $9.55 to $9.98 in September.