This article was last updated on September 6, 2022
Internet Computer is a project that made headlines back in 2021 with its high initial price evaluation and its quick drop afterward. However, the project looks promising to many, who’ve looked into it. In this article, we will quickly explain what Internet Computer is, after which we will share our price predictions for 2022 up to 2030.
Not only that, but we will be talking more about Internet Computer, what it does, and how it works.
If you are new to the crypto space, we highly suggest checking out our dedicated article for crypto beginners. Once you read it, you will have a great foundation and an easier time navigating through the crypt space.
With that being said, let’s get right into it.
Over the past week, the price of Internet Computer (ICP) remained around $6.74. The circulation supply is 255 million tokens. The market cap went up to $1.72 billion.
Table of contents
What is Internet Computer?
Internet Computer, or ICP, is a blockchain network launched back in May of 2021 by the DFINITY Foundation. It should be noted that it is a completely decentralized network, and for a reason. Its goal is to expand the limitations of regular internet functionality and operability and support smart contract development and inclusion.
Not only that, but the team behind ICP says that their network supports nearly-endless scalability and top-notch security through a system of different checks.
Overall, it seems that the mission of ICP is to build a public, worldwide available, first-class network computing platform. This means that they are looking to remove any limitations placed upon users from any corner of the world.
However, the most notable feature is supposedly going to be the smart contract-friendly environment, allowing users to do “business” in a more convenient way.
As for the blockchain, developers can create dApps, which can be used by individuals, businesses, and corporations. Most notably, any transactions that happen on the network will take less than a second to happen.
Also, users will be able to easily opt out of any tracking, centralized services, commercial clouds, etc.
Can Internet Computer (ICP) Reach $100?
Internet Computer is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $100 but go beyond and reach its past glory.
However, let’s think about it for a moment. The current price of Internet Computer is around $6.48. This means it will need a 15x increase in order to reach a price evaluation of $100. With a current market cap of $1.4 billion, this will result in a new market cap of more than $23 billion.
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This is not so doable unless the circulation supply drops. That’s because, if that happens, it will place it in the top 10 cryptocurrencies by market cap, which if we are honest, will probably not happen. This is why we believe Internet Computer will not reach $100 anytime soon. If that happens, it will be more towards the end of the decade, once the crypto market expands.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
So when is Internet Computer going to reach $100? It will take at least 6 more years, or even 7 if we are being conservative.
ICP Price Prediction For 2022 – 2030
Internet Computer’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the Internet Computer network, global economic conditions, and the price of other cryptocurrencies. However, if Internet Computer continues to grow as a network at its current rate, it is possible that the price evaluation for ICP could easily start climbing back to the $50 mark by the end of 2022.
This would represent a significant increase from its current price of around $6.48, but would still be way below its all-time high of $630 (although at some exchanges it reached as high as $3,093), reached in May 2021. While Internet Computer’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
Some of the financial industry’s top names have lent their weight to Internet Computer’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Internet Computer’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $50 mark yet again, which will get it closer to its previous heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect ICP to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $5-$10.
Many analysts have made Internet Computer price predictions for 2023, and the general consensus is that the price of Internet Computer will continue to rise. This is based on a number of factors, including the increasing use of Internet Computer’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Internet Computer will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Internet Computer to reach $55-60 by the end of 2023.
If the growth of Internet Computer continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Internet Computer will reach at least $60. If we let ourselves be a bit more speculative, we’d raise it to $65, bringing it closer and closer to its previous peak.
According to many Internet Computer enthusiasts and their price predictions, ICP prices may rise dramatically in the trading range between $66 and $72.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, ICP price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Internet Computer network can significantly expand and develop. In that case, prices may even go as high as $75.32, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic (looking at you COVID!), financial, and other similar issues.
But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Internet Computer. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Internet Computer dropping by 50-70%, meaning it will go for about $15-$20.
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Internet Computer. Although many believe that by 2026 the price of ICP will be at least $80, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Internet Computer will be evaluated at anywhere between $69 and $78.
As the years go by and Internet Computer continues its expansion and proves its utility we can easily see it going for as much as $84. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that ICP will be evaluated at around $78 – $82. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
In 2028, if Internet Computer comes out with new projects and experiences further adoption, we can see it potentially going out from the 70s and reaching a price of $83-$88. However, this is mostly optimistic.
On the lower end, we can see ICP being worth around $20, while on average remaining at around $75.
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Internet Computer will be moving at around $85 to $93 easily, although we can also see it reaching the $100 mark.
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Internet Computer’s price could reach up to $112 by 2030. This would be a significant increase from its current price of around $6.48. However, it is important to remember that Internet Computer is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Internet Computer, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Internet Computer certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Internet Computer, if that happens, we can easily make a price forecast that ICP can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $12. On a brighter note, this is highly unlikely, even though not impossible.
Our Opinion On Internet Computer (ICP) Price Predictions
Given the Internet Computer price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Internet Computer is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
Overall, although we believe Internet Computer will certainly be bullish and we believe in our speculations, we can never be certain.
Taking all of the above into consideration, it would appear that ICP is a very promising investment. The price predictions for ICP are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that ICP will reach the predicted price points. However, if you are looking to invest in cryptocurrency, ICP is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Internet Computer. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Internet Computer anytime soon, huge companies are already working hand in hand with Internet Computer to better their operations.
We will keep an eye on the development of Internet Computer and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for Internet Computer.
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