Recent developments in the cryptocurrency world have also hit ICP, one of the community’s favorite altcoins. ICP has lost 0.8 percent in the last 24 hours, according to data from CoinGecko.
Although Internet Computer (ICP) is currently trading at $3.65, it made its ATH at $461 in 2021.
Internet Computer (ICP) Long Term Price Forecasts
Internet Computer (ICP) is known as a cryptocurrency or digital token that allows users to create applications, websites and other web-based services. The cryptocurrency was created by the Dfinity Foundation and is backed by venture capital firms Andreesen Horowitz and Polychain Capital.
Internet Computer (ICP) price estimation is based on expert opinions, technical analysis and previous movements.
Daily chart of ICPIf we look at the snapshot of ICP, we can see that it has gone through a long period of decline and then continues in a sideways course. ICP is currently reacting from the $3.4 support. The first rise on the ICP side can also take us to the $ 3.7 band.
ICP’s long-term price predictionsGiven the current outlook, it doesn’t make much sense for analysts and experts to make high valuations for ICP at the end of the year. The inflationary situation in the world and the interest rate hikes in countries have a negative impact on the price of Internet Computer.
The estimated maximum value for the ICP by the end of 2022 is $3.96, while the minimum value is estimated at $3.52. In 2023, this situation is $5.43, while the maximum is $6.66. When we look at 2024, we see a price forecast ranging from $8 to $9.39. In 2030, the estimated minimum value of ICP is $81.9, while the maximum value is $99.2. If we take a look at 2031, the last year of the analysis, we see that the highest estimated value of ICP is in the band of 143.4 dollars.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.