Internet Computer Price Prediction 2025: ICP Price Could Struggle in 2025

  Key Takeaways

• Internet Computer (ICP) started an upward movement in September 2023.
• ICP finally shows the first signs of ending its lengthy downward trend.
• Nevertheless, ICP still trades way below its launch price.
• Our ICP price predictions suggest Internet Computer could reach $20 next year.

On March 24, 2024, founder Dominic Williams said : “Earlier this weekend, the Internet Computer (ICP) passed 3 billion blocks It’s probably now processed substantially more blocks than all the other blockchains combined. It’s a beast.” However, the ICP price fell after that before making something of an upturn in the autumn.

On Oct. 1, 2024, the ICP price was about $9.35.

Let’s now examine our price predictions for ICP, made on Oct. 1, 2024. We will also examine the ICP price history and discuss what ICP is and what it does.

Internet Computer Price Prediction 

Here are the ICP price predictions from CCN on Oct.1, 2024. It is important to remember that price forecasts, especially for something as potentially volatile as crypto, are often wrong.

ICP Price Prediction 2024

In 2024, ICP is expected to see cautious upward movement as the market recovers from previous declines. The minimum price could be around $4.50, with an average of $8.50 as the asset gains momentum and solidifies support. A potential bull rally could drive the price to a maximum of $12.00 if market conditions remain favorable.

ICP Price Prediction 2025 

By 2025, improved market conditions and growing adoption will likely stabilize ICP around a minimum of $10.00. As interest and demand increase, the average price is expected to reach $15.00, with the potential for a strong bullish trend driving it to a high of $20.00 if resistance levels are broken.

ICP Price Prediction 2030

Looking ahead to 2030, ICP is anticipated to solidify its market position through widespread use, supporting a minimum price of $25.00. Continued technological advancements and market maturity may drive the average price to around $40.00. If mainstream adoption and positive developments persist, ICP could achieve a maximum price of $60.00.

ICP Price Analysis

ICP fell to $2.70 on Sept. 18, 2023, after a prolonged bear market but began a new bull cycle in December of the same year.

By March 28, it peaked at $21, marking its highest price since April 2022, before a reversal led to a prolonged decline. 

Support was found at the 0.786 Fibonacci level ($6.58) on July 5, sparking a 45% rally until Sept. 28. However, momentum stalled near its July high, leaving the price at a pivotal point between bullish and bearish outcomes.

Short-term ICP Price Prediction

The hourly chart shows ICP potentially forming an ABC correction from July 5, with an ascending triangle representing wave C. If valid, a downturn is likely, targeting values below July’s low, around $2.80. 

Alternatively, a bounce from the ascending support and breakout above resistance may indicate a new bullish wave, with the triangle being the first sub-wave of a higher-degree uptrend and its breakout direction determining the dominant trend.

The ICP Price Prediction for the next 24 hours depends on where Internet Computer breaks out. 

Internet Computer Average True Range (ATR): ICP Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.

On Oct. 1, 2024, Internet Computer’s ATR was at 0.58, indicating low volatility.

ICP Relative Strength Index (RSI): Is ICP Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.

Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.

On Oct. 1 2024, ICP’s RSI was at 58, a sign of a bullish trend.

ICP Market Cap to TVL Ratio

The Total Value Locked (TVL) to market cap ratio (TVL ratio)  measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts.

This ratio shows the project’s utilization and links the platform’s health to locked asset value.

A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets. On July 19, 2024, the ICP TVL was 8.26, suggesting overvaluation.

ICP Price Performance Comparison

ICP is part of the AI category, so let’s compare it with other similar projects.

The price of Internet Computer has been the slowest gainer compared to other similar AI projects.

Best Days and Months to Buy ICP

We examined the ICP price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy ICP.

Advantages and Disadvantages of Internet Computer

CCN’s Senior Research Analyst, Toghrul Aliyev conducted a deep dive into Internet Computer and found the following advantages and disadvantages.

Advantages of Internet Computer

• Strong Development Activity : Internet Computer ranks 13th with 10,915 repositories, indicating a thriving ecosystem with diverse projects. Its 193 sub-ecosystems (ranking 14th) reflect robust community involvement. Meanwhile, with 357 weekly active developers (ranking 18th), the system enjoys consistent maintenance, resulting in fewer bugs, quicker issue resolution, and improved software quality.
• Low Transaction Fees : Each transaction on the Internet Computer costs only 0.0001 ICP, which, as of July 2024, is less than $0.001 per transaction, making it accessible for users.
• High Transaction Throughput: With a maximum capability of 11,500 transactions per second, Internet Computer offers excellent scalability, in contrast to some other blockchains.
• Seamless Blockchain Integration: Internet Computer enables direct integration with major blockchains like Bitcoin and Ethereum. It also allows for transactions across different networks without needing intermediaries or bridges, therefore enhancing the functionality and interoperability of decentralized applications.
• Developer-Friendly Languages: Internet Computer’s blockchain is primarily written in Rust and Python, as a result making it accessible to a wide range of developers.
• Dynamic Scalability Through Subnet Creation: Internet Computer (ICP) scales dynamically by creating new subnets, which are essentially smaller, independent blockchains within the larger ICP ecosystem. Meanwhile, these subnets interact with each other, allowing the entire network to expand efficiently as demand grows.

Disadvantages of Internet Computer

• Predatory Token Distribution: Internet Computer has one of the worst token distributions out there. During the 2017 seed round and 2018 private sale , Dfinity sold ICP tokens for $0.03 and $4, respectively. When the token began trading in May 2021, it peaked at $554.14, resulting in a 138x to 1,8471x ROI for early investors. This is important because, depending on the price at which investors buy the token, we can consider if they are likely to sell or not. According to Dfinity , only 1.5% of tokens went to the community and node operators. Meanwhile, the majority went to early investors, the team, and advisors. Early backers had 9.5% of tokens available at launch and sold them for huge profits. Also, the unlock schedule allowed a significant portion  of the total supply to become available monthly: 1% of the total supply from 2021 to 2022, 0.65% from 2022 to 2023, and 0.4% from 2024 onwards. The structure made retail investors serve as exit liquidity for early investors and the team.

• Low Total Value Locked: Internet Computer has a low total value locked, with about $69 million in projects built on its platform . As a result, Internet Computer is 48th among blockchain platforms  for TVL.
• Low Adoption : Internet Computer has only 4,600 daily active addresses and 16,200 daily transactions. These figures reflect limited user engagement and activity on the platform and also indicate challenges in attracting and retaining users compared to other blockchain networks.
• Zombie Token: Although it is currently experiencing a bull run, Internet Computer struggles to regain its former value, currently trading 98.29% below its all-time high. While leading cryptocurrencies like Bitcoin have approached or surpassed their previous peaks, Internet Computer’s price remains substantially lower. The token’s inability to recover past highs or at least show some recovery raises questions about its long-term market viability and investor confidence compared to more resilient blockchain projects.

ICP Price History

Let’s look closer at the Internet Computer (ICP) price history. While past performance isn’t necessarily indicative of future results, understanding ICP’s history can help contextualize future predictions.

ICP Market Cap

The market capitalization, or market cap, is the sum of the total number of ICP in circulation multiplied by their price. On Oct. 1, 2024, Internet Computer’s market cap was $4.3 billion, making it the 24th-largest crypto by that metric.

Who Owns the Most Internet Computer (ICP) Coins?

On Oct. 1, 2024, one wallet held more than 5% of the supply of ICP.

Richest Internet Computer (ICP) Wallet Addresses

As of Oct. 1 2024, the five wallets with the most ICP  were

• 609d3e1e45103a82adc97d4f88c51f78dedb25701e8e51e8c4fec53448aadc29. This wallet held 27,002,991 ICP, or 5.29% of the supply.
• 27bbe9b4f0b00e4b6fe3fb39328358cf82031e82014e0cd0ae60983cc92008f5. This wallet held 7,377,365 ICP, or 1.45% of the supply.
• cd328886ccadc1b5d7dd517d1b00ebde83bb073d39cc303994356c3b9702d048. This wallet held 6,000,000 ICP, or 1.18% of the supply.
• 9a60a7bcf722217debea223fb83e28d3686b79e65d8f785c33b11466c9fdf0fb. This wallet held 4,999.999 ICP, or 0.98% of the supply.
• fae073332cb8c6722b6b9a824ec42323d87d07d388f6b0db85b1e521ea0b85e2. This wallet also held 4,999.999 ICP, or 0.98% of the supply.

ICP Supply and Distribution

From the Whitepaper

In its technical documentation or whitepaper , Internet Computer describes it as “a radical new design of blockchain that unleashes the full potential of smart contracts.”

It also says: “The IC consists of a set of cryptographic protocols that connect independently operated nodes into a collection of blockchains. These blockchains host and execute “canisters,” the IC’s form of smart contracts.”

Computer scientist Dominic Williams, founder of the DFINITY foundation, set up Internet Computer  in 2016.

Internet Computer (ICP) Explained

The blockchain is, ultimately, about decentralization. The rather noble, if not always enforced, idea is that people should be able to regain control of their money from big institutions, such as traditional banks.

This concept could equally be applied to the world of the internet in general, with so-called “big tech” companies like Google, Facebook and Amazon having a massive influence on people’s lives and significant access to personal information. 

Computer scientist Dominic Williams, founder of the DFINITY foundation, set up Internet Computer  in 2016. The idea behind Internet Computer is to create a decentralized version of the Internet that would, it was hoped, help maintain people’s privacy, stop centralization, and combat disinformation. This system is based on its own blockchain, the Internet Computer Protocol. 

The Internet Computer platform has its own native cryptocurrency, known by the ticker handle of ICP. 

How Internet Computer Works

The Internet Computer Protocol is operated by computers called nodes clustered into groups called centers. The idea is that the system needs one dedicated server to process and send data.

Internet Computer allow people to build decentralized applications (DApps) and is used as a new form of internet. 

The ICP coin itself rewards node operators. People can also buy, sell, and trade ICP on exchanges. ICP holders can also vote on proposals relating to the network.

Is Internet Computer a Good Investment?

Internet Computer is an interesting idea. There have been concerns about how big tech companies can access people’s data. Also, the principles of decentralization seem to be a good fit for the internet. Its recent performance is encouraging, although we don’t know if it is just a spike or something more sustainable. 

However, the devil is in the details. Dominic Williams’ vision could lead to a flood of harmful and illegal material going online, with nowhere for the buck to stop.

Furthermore, the ICP coin itself has come nowhere near the heights it enjoyed when it was first launched. Combined with the bearish atmosphere surrounding crypto in the wake of the SEC’s lawsuits, this means that, right now, ICP raises as many questions as it provides answers. It is vital that you make sure to do your own research. 

Will Internet Computer go up or down?

No one really knows right now. While a lot of the longer-term ICP price predictions are bullish, price predictions have a much-deserved reputation for being wrong. Remember, too, that prices can, and do, go down and up. 

Should I invest in Internet Computer?

Before you decide whether or not to invest in Internet Computer, you will need to conduct your own research on ICP and other crypto coins, such as Solana (SOL) and Cardano (ADA). Ultimately, though, you will need to decide for yourself. Before you do so, you will have to remember that you should never invest more money than you can afford to lose. 

Technical analysis by Nikola Lazic.

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Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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