Internet Computer (ICP) is a blockchain project owned by the Swiss company Dfinity Foundation. The main goal of the developers is to improve the Internet and the IT industry in general. The creators of the project believe that the tools they have created are capable of restructuring the way the World Wide Web works and will help lay the foundation for the third generation Internet – Web 3.0. The Internet Computer project has its own ICP coin.
The platform and the ICP coin quickly caught the attention of investors. Within 2 days after the launch of trading, ICP entered the top 10 most capitalized cryptocurrencies. We suggest you to consider this crypto in more detail, according to the data that CoinMarketCap offers (as of 22/07/2021):
- ICP price: $33.89
- Market capitalization: $4,639,505,547
- Volume (24h): $315,256,486
- Circulating supply: 136,899,213.55 ICP
- Total supply: 471,245,636 ICP
- 24 Hour High: $35.33
- 24 Hour Low: $31.63
Internet Computer Roadmap
Work on the project started in 2016. During this time, many large market participants managed to invest in the platform, including Aspect Ventures, Amino Capital, Eterna Capital, Polychain Capital and Andreessen Horowitz. On the official website of the platform, you can find a roadmap for the next 20 years. It is quite unusual, so let’s take a closer look at it.
In 5 years, the use of the Internet Computer network will become widespread, and developers will stop using traditional IT, on the contrary, they will begin to create open Internet services. Such services, in turn, will create more tools using tokenization and DeFi functionality.
In 10 years, the technical community recognizes that the Internet Computer will become the main computing platform of humankind in the near future. People will massively prefer to create on the Internet rather than on closed systems. The developers are confident that a huge number of investors will be interested in such projects, which will help expand the ecosystem.
The developers are confident that in 20 years the open Internet will be larger than the closed proprietary Big Tech ecosystem, which may even disappear altogether. Most of the important information will operate on an open and tamper-proof computer network, and smart contracts will improve personal privacy, freedoms and sovereignty on a massive scale.
Crypto community about ICP
Many crypto enthusiasts follow the development of the platform and the ICP coin.
Of course, there are those who are dissatisfied with the development of this project and see no reason to invest in ICP.
ICP price prediction 2021
According to data from the TradingBeasts service, the ICP price prediction 2021 is as follows (as of 22/07/2021):
Minimum ICP price for 2021: $25.244
Maximum ICP price for 2021: $44.656
Average ICP price for 2021: $32.446
Year-end ICP price predictions 2021:
Minimum expected: $25.244
Maximum expected: $37.124
Average expected: $29.699
Analysts of the Digitalcoinprice service offer the following ICP price forecast 2021 (as of 22/07/2021):
Average ICP price 2021: $51.65
Average year-end ICP price expected: $53.81
The Longforecast service gives the following ICP price forecast 2021 on their website (as of 22/07/2021):
Minimum ICP price for 2021: $18.93
Maximum ICP price for 2021: $50.93
Average ICP price for 2021: $27.94
Year-end ICP price predictions 2021
Minimum expected: $26.48
Maximum expected: $32.87
Average expected: $29.675
And here is the ICP price forecast 2021, which is offered by the experts of the CoinPriceForecast service (as of 22/07/2021):
Mid-year ICP expected price: $49.78
End-year ICP expected price: $42.04
ICP price prediction 2025
Analysts of the DigitalCoinPrice service suggest that the ICP price in mid-2025 will be $119.57, and at the end of the year it will drop to $109.07. According to information on Longforecast, the maximum price for one ICP coin in 2025 could reach $83.31. Experts of the CoinPriceForecast service suggest that the average ICP price in 2025 could rise to $118.85.
ICP price prediction 2030
Experts of the DigitalCoinPrice service believe that the ICP price will reach $145.89 in mid-2030, and may rise to $152.8 at the end of the year.
Historical ICP price analysis
All Time High: $737.20 (May 10, 2021)
All Time Low: $20.08 (June 14, 2021)
ICP is a very young coin, the price history of which is not very long yet. When it was first listed on Coinbase on May 10, 2021, it was valued at a very high $737.20. However, after that, the price instantly dropped to $250. The next day, it climbed to $491 and then began to fall again. This happened after several major exchanges, including Huobi, OKEx and Binance, followed by Coinbase Pro to provide users with access to coin trading.
The situation was aggravated by Elon Musk, who said that Tesla had abandoned the idea of selling electric cars for Bitcoin, thereby provoking a fall in the cryptocurrency market.
The decline continued until May 19, when the price reached its first all-time low of $111. The next day, the price jumped sharply to $223. After that, it began to fluctuate between $120 and $166. On June 3, buyers managed to overcome the $120 resistance level, but the momentum soon subsided. Thus, the price began to fall lower and lower and on June 14, the coin reached its new all-time low of $20.08. ICP is currently trading at $33.89 per coin.
Internet Computer can be considered one of the most promising cryptocurrency projects of 2021. The developers of this platform intend to make the World Wide Web open to everyone, make it more secure and enable new talent to prove themselves in creating new Internet services that can attract the attention of investors.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.