Internet Computer Price prediction – Will ICP Price Hit $150 in 2022?

This Internet Computer (ICP) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ICP price analysis and prediction.

The main aim of the Internet Computer is to enlarge the public internet, so it can be the world’s computer firm. Moreover, the scientific breakthrough behind this platform is Chain Key technology, which encompasses dozens of advanced technologies that include novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, and many more. 

Notably, the project was founded in October 2016 by Dominic Williams. However, it attracted notable interest from the crypto environment. More so, DFINITY raised a total of $121 million from contributors like Andreessen Horowitz, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, Polychain Capital, SV Angel, and Multicoin Capital, and several notable early Ethereum investors. In 2018, more than 50,000 registered participants got ICP utility tokens in an airdrop.

Even more, on December 18, 2020, DFINITY started the alpha mainnet of the Internet Computer. In addition, in a final step towards decentralization, on May 10, 2021, DFINITY released the Internet Computer into the public domain. However, this major milestone indicates that the internet currently functions as a decentralized global computer as mentioned by the release of all of the Internet Computer’s source code into the public domain, also ICP utility token allowing tens of thousands of community members to govern the ICP network. It recently entered into a partnership with United Sports to launch Internet Computer Gaming Program.

Would these events be good enough to make Internet Computers a good investment? Should we invest before the year ends or by 2022? Let us find out in this CoinQuora Internet Computer (ICP) market analysis and price prediction 2022 article.

What is an Internet Computer (ICP)?

The Internet Computer is the globe’s first blockchain that functions at web speed with boundless capacity. Moreover, it represents the third biggest blockchain innovation, along with Bitcoin and Ethereum. Moreover, the Internet Computer allows the complete reimagination of software offering a revolutionary new path to develop tokenized internet service, decentralized financial systems, and also traditional enterprise systems and websites.

Even more, at Genesis on May 10, 2021, the ICP is supported by 48 independent data centers. However, it is located across North America, Europe, and Asia which runs 1,300 nodes. Moreover, the network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes arranged by the end of the year, and however thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. A total of 276,376,729 ICP had been staked in its NNS DAO by the end of 2021.

Now that we have an idea about ICP, do you think ICP will be profitable crypto in 2022? Join me and let us see the charts in this ICP price analysis and ICP price prediction.

Internet Computer (ICP) Current Market Status

As of the time of writing this Internet Computer (ICP) price analysis, ICP trades at $5.63 with a 24-hour trading volume of $51,087,383. The price of ICP has increased by 7.96% in the last 24 hours.

Furthermore, ICP has a current circulating supply of 242,030,836.83 ICP at the time of writing. Currently, the top cryptocurrency exchanges for ICP are Binance, OKEx, Huobi Global, Bitget, Kucoin, Gate.io, and ZBG.

Now, let’s proceed to the next part of this ICP price analysis for 2022.

Internet Computer (ICP) Price Analysis

Currently, Internet Computer (ICP) holds 42nd place on CoinGecko. But will the latest upgrades, development, and changes in the Internet Computer blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ICP price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ICP, it could be seen that the present uptrend might not be coming to an end since the last candlestick is close to the middle curve in the Keltner Channel chart above. This shows that the present increase in the price of Internet Computer (ICP) might continue though there could be a consolidation before a bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Internet Computer (ICP) 1day chart of ICPUSDT is at 45.66.  This shows that ICP is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase, as it moves away from the oversold/undervalued region.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be long.

Internet Computer (ICP) Price Prediction 2022

The chart below shows that Internet Computers (ICP) have shown a bearish trend in the past few days. Moreover, the ICP price has dropped 27.2% in the last 30 days. If this trend reverses, ICP might run with the bullish, thereby overtaking its $8.19 resistance1 level and move higher to $56.42 at the resistance9 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and push ICP from its uptrend position. In simpler terms, the price of ICP might plummet to almost $4.42, a bearish signal.

Meanwhile, our long-term ICP price prediction 2022 is bullish. It has less possibility of surpassing its current all-time-high (ATH) at about $750.73 according to CoinMarketCap this year. However, the ICP price can hit ATH only if it breaks many previous psychological resistance.

If this bullish trend continues, Internet Computer will reach $56.42 by the end of 2022. Moreover, in July 2022, it is going to show fast growth, up to $8.19. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $150 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Internet Computer (ICP) Price Prediction 2023

If Internet Computer (ICP) holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $350, making it not plummet but play consistently.

Internet Computer (ICP) Price Prediction 2024

As per the latest upgrades, developments, Internet Computer price prediction, and new project forecasts of the platform, ICP investors may expect many partnerships and integrations around 2024. Moreover, this might boost the price of Internet Computer (ICP) in the crypto market, and it will be the best investment as the price can spike and reach around $600.

Internet Computer (ICP) Price Prediction 2025

In the next three years, Internet Computer prices could race up to $800. However, reaching this level could not be so difficult for Internet Computer as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Internet Computer have a high possibility of reaching a new ATH soon in the next three years as per the prediction.

Internet Computer (ICP) Price Prediction 2026

By 2026, the price of ICP would reach $1500 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Internet Computer (ICP) Price Prediction 2027

As per the latest upgrades, developments, Internet Computer price prediction, and new project forecasts of the platform, ICP investors may expect many partnerships and integrations around 2027. Moreover, this might boost the price of Internet Computer (ICP) in the crypto market, and it will be the best investment as the price can spike and reach around $2000.

Internet Computer (ICP) Price Prediction 2028

In the next six years, Internet Computer prices could race up to $2500. However, reaching this level could not be so difficult for Internet Computer as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Internet Computer have a high possibility of reaching a new ATH soon in the next six years as per the prediction.

Internet Computer (ICP) Price Prediction 2029

As per the latest upgrades, developments, Internet Computer price prediction, and new project forecasts of the platform, ICP investors may expect many partnerships and integrations around 2029. Moreover, this might boost the price of Internet Computer (ICP) in the crypto market, and it will be the best investment as the price can spike and reach around $3000.

Internet Computer (ICP) Price Prediction 2030

In the next eight years, Internet Computer prices could race up to $5000. However, reaching this level could not be so difficult for Internet Computer as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Internet Computer have a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

With the continued strong marketing approach, we can say that Internet Computer has a bright future ahead of it in 2022. Bullish ICP price prediction 2022 is between $8.19 and $56.42. As said above, it may even reach $150 if investors have decided that ICP is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

With Internet Computer showing so much promise, ICP can be a great investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measure as per our Internet Computer price prediction.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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