Internet Computer Protocol is a network based on blockchain and it was launched with an aim to improvise other niches with the appealing abilities that decentralization has and to enhance the experience of the users.
ICP strives to increase the speed and efficiency of decentralization to data storage and computation. What makes ICP different from others in the industry is the exceptional features that it offers to its users.
You can create a dApp (decentralized application) and it is made easy with the simple-to-use interface of the network.
It does not run based on a cud maintained by a centralized data server but rather on a decentralized network having dedicated hardware that is established by independent parties. ICP has quick transaction processing which takes only less than 30 minutes.
ICP coin is the native utility token of the platform. You can use ICP to take part in the governance and to compensate nodes that perform computations.
The ICP coin can also be used to send in the form of a reward to any of the participants for their engagement and contributions to the ICP ecosystem.
Is ICP on trend, currently?
Recently, the price of the ICP has been showing a bullish trend as the AI innovations have resulted in its securing $8.8 M funding.
It surpassed the $17 threshold and is soaring to reach new heights. The latest trends analyzed based on the industry technical indicators suggest that crypto is supposed to have a continued bullish trend in the market.
While analyzing the Fear and Greed index, it showed an Extreme Greed point. This hints that the demand for the coin is set to increase in the coming days.
Here we have compiled the details of the market cap of ICP and have also made the pierce prediction for this year and coming years until 2030.
By the end of this article, you will be able to find out whether ICP is a good investment.
ICP Price Prediction and Market Cap
ICP Market Cap
Currently, ICP trades at a live price of $17.72.
The market cap of ICP is $8,191,189,515 and the volume in the past 24 hours is $540,376,562. The volume per market cap of ICP is 6.56% in the last 24 hours.
The circulating supply in the last 24 hours is 461,320,514 ICP and the total supply is 516,342,472 ICP. The maximum supply that ICP can have is determined as infinite now. ICP has a fully diluted market cap of $9,151,137,756.
Based on the price trends over the last 30 days, the price of ICP is predicted to reach $61.09, a 229.23% hike, by April 26, 2024.
The volatility of the coin is 11.19% with a 50-day SMA of $13.22, a 200-day SMA of $8.56, and a 14-day RSI of 73.17.
Over the last 30 days, ICP has had 18 / 30 green days which makes up to 60%. It has a bullish sentiment in the market. The Fear and Greed index shows 83 which is marked as Extreme Greed.
ICP Price Prediction 2024
This year, ICP is forecasted to trade between $17.55 and $88.03 with the first as its yearly lower end and the second one being the yearly upper end.
If it meets its upper-end target there is going to be a 389.93% hike in its price.
ICP Price Prediction 2025
ICP Price prediction for the year 2025 is between $18.55 and $88.03 with the latter one on the upper end and the prior one on the lower end.
If ICP reaches its upper-end target, then it is going to have a 391.44% gain in its value.
ICP Price Prediction 2026
Experts recommend that in the year 2026, Internet Computer may have year year-high price of $49.41. At the same time, its price may also fall down to a lower end of $15.46.
ICP Price Prediction 2027
After going through the historical data and the current market trends, crypto veterans have concluded that in 2027 the crypto price will surge to $34.84 and at the same time it can have a downfall to $16.96.
ICP Price Prediction 2028
The crypto analyst who has been continuously analyzing the price fluctuation of ICP has predicted that in 2028, its price may fall between $25.09 and $59.32.
The first one is the annual lower end and the latter one is the annual upper end.
ICP Price Prediction 2029
ICP price forecast for the year 2029 has been currently made as follows: it is expected to fall to a minimum of $47.80 and rise to 119.01 US dollars.
ICP Price Prediction 2030
In 2030 the price prediction of ICP has been made. It is based on the current trends and it is forecasted to have a $47.18 as the yearly low price.
The yearly high price is predicted to be $76.49.
You can buy and trade ICP from the following markets:
- Binance
- gate.io
- Coinbase exchange
- OKX
- Bybit
- KuCoin
- Kraken
Closing Thoughts
Currently, ICP is on a price hike and it is predicted to reach up to around $88 this year.
For 2024, the coin seems to be a good investment after analyzing its price trends, market sentiment, and the fear and greed index.
If you are planning to invest in ICP, we suggest you regularly monitor its market trends and price fluctuations.
