ICP Crypto Price Prediction 2024 2025 2030 - Is ICP Crypto a Good Investment?

This article is dedicated to the Internet Computer crypto project and its ICP token. We are going to review such vital indicators as the price fluctuations of the coin, the project's foundation and history of development, the competitors, the price forecasts from various services, and much more.

Disclaimer: 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.

ICP Overview

What is Internet Computer crypto?

In order to figure out what Internet Computer is, we are going first to understand its main idea. This is a blockchain-based technology platform that aims to extend the functionality of the Internet by creating a decentralized computing ecosystem. It is designed to host smart contracts, decentralized finance (DeFi) applications, non-fungible tokens (NFTs), etc. in a more open, scalable, and secure manner compared to other projects.

Internet Computer was meant to be a new kind of decentralized network where software can directly run on the Internet, without the need for traditional hosting infrastructure. It is designed to be a public, permissionless blockchain that can provide high-speed, secure, and scalable computation for a wide range of applications.

The Internet Computer project has its own native token called ICP (or Internet Computer Protocol). In this article, we will examine various purposes of the coin within the platform, analyze its market performance, and the company’s roadmap, create the Internet Computer price prediction, and, most importantly, answer the question of, is ICP crypto a good investment.

Internet Computer’s rivals

To create an accurate ICP crypto price prediction, we have to understand its place in the cryptocurrency market well. To do so, we found some of the project’s competitors. 

1. Ethereum (ETH)
2. Polkadot (DOT)
3. Avalanche (AVAX)
4. Binance Smart Chain (BNB)

Please remember that the crypto landscape has a tendency to change quickly, which is why it is crucial to follow the news about new emerging projects.

Internet Computer founders: DFINITY Foundation 

The DFINITY Foundation is a Swiss-based not-for-profit organization that developed the Internet Computer. The DFINITY Foundation was created by Dominic Williams, who is a prominent figure in the blockchain space. He is a crypto theoretician and entrepreneur, and now is a Chief Scientist in DFINITY. The organization praises itself for having the largest R&D team in blockchain with 1600+ publications.

The Internet Computer was officially launched on May 10, 2021. This launch marked a significant milestone for the DFINITY Foundation, which had been working on the project for several years prior to the public launch: first the idea for the project appeared back in 2013.

The Internet Computer Ecosystem

The Internet Computer ecosystem consists of several important components which provide its smooth operation:

1. Internet Computer Blockchain. This is the underlying infrastructure of the project. It is designed to provide scalability, security, and consensus mechanisms to support the execution of smart contracts and maintain the ledger.
2. Internet Identity. The Internet Computer got rid of the username and password identification. Instead, it uses cryptographic authentication to protect user privacy. It is based on the WebAuthn standard.
3. Network Nervous System. The NNS is a decentralized governance mechanism that allows participants to propose and vote on changes to the protocol and the network. This decentralized autonomous organization (DAO) is one of the largest ones, and users have to stake their ICP coins to participate. For doing so, ICP holders receive rewards.
4. Decentralized Compute Nodes. The network relies on a distributed network of compute nodes to execute smart contracts and host applications. These nodes are operated by different parties, ensuring decentralization and fault tolerance.
5. Reverse Gas Model. In order to interact with smart contracts (called canister smart contracts) on the network, users only need a browser. Because of the reverse gas model, developers pay fees. This means that end users do not need to hold tokens.
6. Dapps. As of March 2024, there are over 200 projects within the Internet Computer ecosystem. The applications include wallets, games, metaverses, and so on.

How does Internet Computer work?

The Internet Computer relies on a distributed network of specialized compute nodes. These nodes are responsible for executing smart contracts and hosting canisters, which are the building blocks of applications on the platform. Unlike traditional server-based hosting, where a single entity controls the infrastructure, the Internet Computer's compute nodes are operated by different participants.

The Internet Computer uses WebAssembly, a highly portable code format, as the execution environment for smart contracts within canisters. Wasm is a binary instruction format that allows code to run at near-native speed in a secure and sandboxed manner. This choice of technology ensures that canisters are portable and can be written in various programming languages.

The platform addresses scalability by allowing its network to grow as demand increases. New compute nodes can join the network, and as a result, the capacity of the platform can scale horizontally. In March 2024, there were 1452 node machines and 126 Node providers (independent node operators).

The system uses the Proof of Useful Work (PoUW) as a consensus mechanism. The concept behind PoUW is to incentivize nodes in a blockchain network to perform useful computational work, such as executing smart contracts or processing data, rather than simply solving arbitrary mathematical puzzles (as in Proof of Work) or holding tokens (as in Proof of Stake). The goal is to ensure that the network's computational resources are put to productive use that benefits the ecosystem.

The Internet Computer’s architecture allows the project to execute its DeFi functions with low energy consumption levels, reducing its carbon footprint. 

Internet Computer token functions

ICP, the ecosystem’s native cryptocurrency, is a significant part of the ecosystem and carries a number of functions.

Network governance

ICP tokens can be used to participate in the governance of the Internet Computer network. The users have to stake their ISP tokens in so-called neurons. Token holders have the ability to vote on proposals for protocol upgrades, changes to network parameters, and other important decisions that affect the platform.

Transaction fees

ICP tokens are used to pay transaction fees within the Internet Computer ecosystem. When users interact with smart contracts, deploy canisters, etc.

Economic incentives

ICP tokens can serve as economic incentives for various participants in the ecosystem, such as developers, node operators, and validators. These incentives encourage active participation, contribution, and support for the network's growth.

Internet Computer Development Roadmap

Internet Computer is an ambitious project which is focused on research. Naturally, the team has many plans for the network’s future development.

Currently, the team is actively working on proposals to enhance the capacity of subnets to support over 100,000 canisters. While it has been noticed that having numerous canisters in a subnet can lead to performance degradation, the aim is to achieve robust support for this high number of canisters on a single subnet in the long run.

An essential enhancement relates to HostOS SSH access. This feature enhances the security of SSH access, and it standardizes the process for node providers to restore nodes in the event of a disaster, such as hardware failure.

There is also another set of proposals that are expected to materialize in the more distant future. For instance, the proposal for Direct Ethereum Integration. This integration would allow smart contracts on the Internet Computer to interact with smart contracts on the Ethereum blockchain in a trustless manner, without the need for bridges.

Furthermore, there is a noteworthy proposal called "People Parties for Validating Personhood." This innovative concept involves scalable proof of personhood, where randomly assigned groups of users validate each other through interaction. This integration will contribute to a more decentralized Internet Computer, providing increased voting power and rewards to real validated users, rather than unknown entities.

Overall, the ICP coin roadmap reveals extensive plans encompassing the blockchain, governance system, and infrastructure.

Where and how to buy Internet Computer crypto? 

If you would like to become an owner of ICP coins after reading the Internet Computer price prediction, purchasing this cryptocurrency via SimpleSwap is a great choice. Here are all the necessary instructions:

1. Select the cryptocurrency you would like to swap (e.g. Bitcoin).
2. Enter the amount you want to exchange.
3. Choose ICP in the second drop-down list (the crypto you would like to receive). You will see the estimated amount that you will get after the exchange.
4. Click the Exchange button.
5. Enter the Recipient's Address. ICP will be sent there. Please ensure you enter the right address.
6. Create the exchange.
7. You will see the BTC deposit address. You have to transfer the necessary sum of BTC to this address to start the exchange. After that, wait for tokens to reach your wallet.

After you do the steps listed above, you will become an owner of the ICP coins. The same instructions apply if you would like to purchase another project’s tokens.

Internet Computer Price Chart

Here is the ICP price at the moment:

*The numbers provided above are relevant as of March 18, 2024.

Internet Computer Price Technical Analysis

Since May 2022, ICP has been confined within a trading channel, with a resistance level at $9.779 and a support level at $2.85. Notably, in December 2023, ICP witnessed a significant surge in price, accompanied by heightened trading volumes, and broke the upper border of the trading channel. This breakout from the trading channel is considered a bullish pattern, suggesting the potential for further upward movement. The broken resistance level underwent a successful retest, leading to a rebound in price.

As of the latest data, ICP is trading above its 50, 100, and 200-day moving averages, indicating a positive trend. The next resistance level to monitor is at $14.816. The RSI indicator on the daily timeframe is currently situated in the neutral zone.

ICP Technical Analysis

Internet Computer Price Forecasts Comparison

In this section, we are going to compare some crypto platforms’ takes on Internet Computer crypto prediction. Please note that these estimations are relevant as of March 18, 2024. 

• Priceprediction.net:

“The average projected price for Internet Computer in 2025 is expected to be $24.33, with potential variance between $23.49 and $28.53.”

• Coinedition.com: 

“It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ICP could tumble into its support regions. During this period of price correction, ICP could lose momentum and be a little below its 2025 price. As such it could be trading at $45 by 2026.”

• Cryptonewsz.com: 

“By looking at past performances, the ICP crypto may trade at an average value of $27.8 for the year 2025. At the same time, our ICP price prediction for 2025 reveals that the token may rise to a maximum of $35.64.”

Based on the information from these sites, we can make a comparison table with their experts’ opinions on Internet Computer coin price prediction. These are the annual averages.

Priceprediction.net provides a conservative estimate for the price of Internet Computer (ICP) crypto, suggesting a value of $16.91 in 2024, gradually increasing to $24.33 by 2025, and significantly jumping to $154.50 by 2030. Their Internet Computer prediction indicates a steady but substantial growth trajectory for ICP over the next few years.

Coinedition.com offers a slightly more optimistic outlook, forecasting a price of $25 for ICP in 2024, rising to $36 in 2025, and reaching $110 by 2030. Their projections imply a faster growth rate compared to Priceprediction.net, particularly in the short to medium term.

Cryptonewsz.com presents a bullish perspective on ICP's price trajectory, estimating a value of $16.5 in 2024. Their ICP coin price prediction 2025 is $27.6 in 2025, and it is surging to $163.1 by 2030. Their projections indicate the most aggressive growth trajectory among the three sources, with substantial gains expected over the next several years.

It is important to note that cryptocurrency markets are highly volatile and influenced by numerous factors, including technological developments, market sentiment, regulatory changes, and macroeconomic trends. Therefore, investors should exercise caution and conduct thorough research before making investment decisions based solely on price predictions from various sources..

Internet Computer Price Forecast 2024, 2025, 2030, 2040

This section contains information about DFINITY coin price prediction. These numbers are rough estimations and might change because of the various factors that influence the crypto market.

ICP crypto price prediction 2024

ICP price has a positive outlook for 2024 based on our analysis. The price may reach $24.5 this year following the bullish sentiment on crypto markets. Also, the Internet Computer platform is expected to introduce several important updates, according to its roadmap (for instance, composite queries), which should contribute to the project’s success.

Internet computer coin price prediction 2025

The 2025 price prediction for ICP indicates a potential uptrend, driven by increased adoption and the broader utilization of Internet Computer technology across various applications. The projected price may reach $37.8, reflecting the positive sentiment towards the asset.

Internet computer coin price prediction 2026

The Internet Computer price prediction 2026 suggests a significant leap in ICP's value, reaching $58.2. This phase could be characterized by heightened attention, technological advancements, and broader adoption of the Internet Computer's ecosystem. The platform's unique features might contribute to its appeal as a decentralized solution.

ICP coin price prediction 2030

The ICP crypto price prediction 2030 expects the price growth to continue at a steadier pace. By then, the value could be $254, representing sustainable progress over time. This period might witness increased network maturity and further development, solidifying ICP's role within the blockchain landscape.

ICP coin price prediction 2040

Looking even further ahead, by 2040, the price of ICP could potentially reach $700. This projection reflects the potential for sustained growth and increasing relevance in the decentralized computing space, driven by technological advancements, network improvements, and growing recognition of the Internet Computer's capabilities. 

It's important to note that cryptocurrency markets are highly volatile and subject to a wide range of factors that can influence price movements.

A Historical look at ICP's price:

Here, we are going to look at the ICP's price in the previous years.

Internet Computer/USD Pair

Internet Computer /EUR Pair

The price history of the Internet Computer token reveals substantial volatility over a two-year span. These fluctuations underline the inherent volatility of the cryptocurrency market, likely influenced by market dynamics, investor sentiment, technological changes, and broader industry trends.

Internet Computer Correlation

The ICP token is connected in its price to several other cryptocurrencies, including Ethereum, Binance Coin, Polkadot, and more.

Positively Correlated Currencies

Negatively Correlated Currencies

What affects the price of Internet Computer?

The price of the Internet Computer token is subject to a variety of factors that collectively shape its value within the cryptocurrency market. Market sentiment serves as a pivotal force, with positive news and developments often driving demand and boosting prices, while negative events can trigger drops in value. The adoption and utilization of the Internet Computer platform for decentralized applications (DApps) and smart contracts contribute to demand, influencing the token's worth. Technological advancements and upgrades can also play a role in attracting attention and investment, potentially elevating the token's price.

The regulatory landscape is another influential factor; shifts or uncertainties in regulations can impact investor confidence and subsequently affect the token's value. Additionally, market liquidity, how easily the token can be bought or sold, plays a role in price stability. 

Should you consider buying Internet Computer?

Purchasing Internet Computer crypto presents an opportunity aligned with its ambitious vision and ongoing development efforts. With a focus on research and a commitment to growth, ICP stands as a project with substantial potential. The team's roadmap underscores their dedication to expanding the platform's capabilities, evident in their efforts to enhance the capacity of subnets to support over 100,000 canisters and other key enhancements.

As the company's roadmap extends to blockchain development, governance enhancements, and infrastructure expansion, the comprehensive approach underscores the team's commitment to ICP's growth and potential impact on the decentralized computing landscape.

Of course, because of the cryptomarket’s volatility, it is hard to predict precisely what is going to happen with ICP in the future. Its value depends on lots of factors outside the team’s control, such as regulatory activity, macroeconomic factors, etc.

Conclusion: The future of ICP

The future of ICP coin seems to be full of potential. The project's innovative approach to decentralized computing, hosting smart contracts directly on the Internet, presents a compelling vision for the evolution of web services. The platform's unique components, such as canisters and the Network Nervous System, demonstrate a commitment to scalability, security, and decentralized governance.

However, the journey ahead is not without challenges. The dynamic price history of ICP, as discussed, reveals the volatility inherent in the cryptocurrency market. Price predictions from various sources vary widely, underlining the probable uncertainty. While ambitious developments are outlined in the roadmap, the realization of these goals hinges on successful execution and widespread adoption.

Internet Computer Price Forecast FAQs

This section of this ICP coin forecast is dedicated to answering the questions about the cryptocurrency that are asked often.

Is ICP crypto dead?

The project is active: its team is looking for ways of enhancing the existing mechanisms. While its price has declined significantly dropped over the years, it might still grow in the future.

Is ICP coin a good investment?

According to many experts, as well as our own ICP crypto forecast, the project has a lot of potential to grow in price. Especially if the market conditions are favorable to its development.

How much is Internet Computer ICP worth?

As of March 18, 2024, the ICP price is $12.39 with a 24-hour volume of $124,290,349.

Can ICP reach $1000?

While many experts agree that ICP will grow in price in the future, it is not very likely that it will skyrocket to the $1000 mark any time soon. For instance, our Internet Computer price prediction 2030 states that its price will be $254 and that it will reach $700 by 2040.

Can ICP overtake Bitcoin?

These are two very different projects. The Internet Computer aims to provide a decentralized platform for hosting web services and smart contracts directly on the Internet, while Bitcoin serves primarily as a decentralized digital currency and store of value. This is why it is unlikely that one will overtake the other: they are not in direct competition.