ICP price prediction indicates that it could cross $11 and $6 by the end of 2024 and $75 by the end of 2030 i.e., in the long term. The growth estimates are based on both fundamental and technical analysis.
What is the Internet Computer Protocol (ICP)?
The Internet Computer Protocol, or ICP, is a layer-1 blockchain that works as a Decentralized Physical Infrastructure Network (DePIN) project and helps users of Internet of Things (IoT) based devices connect with their gadgets through blockchain technology.
As a result, these users do not rely on centralized services to connect to their devices. Further, blockchain helps them save their data, pre-program their devices, connect to them remotely, and do many more things.
Another crypto with a high growth rate is Mantra (OM), a project that leads the RWA markets.
It also provides many IT and software-based services that are as powerful as their traditional counterparts but also far more resilient due to smart contracts.
Fundamental Analysis
It is believed that IoT, along with AI and Blockchain, will be one of the most critical technologies in the near future. The synthesis of these three would create a network of secure, helpful, and resilient smart devices.
Fortune Business Insights estimates that the IoT markets could grow at a rate of 24.9% in this decade with an estimated market size of $740 billion by 2030 (currently $180 billion approx).
Fundamentally, for ICP to thrive, it needs to have a stable and predictable regulatory environment where policies remain stable for a while. This could be a reality soon as Donald Trump seeks to provide a much easier regulatory environment for crypto markets.
ICP, with its advanced set of innovations, could easily outperform its competition. Here’s one anecdote from an internal team member. Here, Dom talks about how ICP helped him design an app in under 10 minutes with just talking.
Technical Analysis
For crypto with high long-term growth potential and one that ranks 29th among the largest cryptos by market cap, we have chosen daily charts to better estimate its growth.
ICP has been in a downtrend (from $19) since the third week of March when the crypto markets reached a local high, and Bitcoin touched its previous ATH of $73.7k. After that, it faced a constant decline until the first week of July, i.e., a downtrend of three and a half months.
The downtrend ended by the second week of July when ICP became neutral, but the price remained locked in a range between $7 and $11. The current market seems strong enough for ICP to break out of this zone and reach its 2024 highs soon.
This possibility is further enhanced by RSI and MACD. RSI has been in an uptrend since the start of Nov 2024, and MACD is already in a positive crossover zone. Both of these can push ICP over $11 in the near future.
ICP Price Prediction
ICP could cross $11 by the end of 2024 and $75 by the end of 2025.
ICP Price Prediction 2024
The year 2024 could provide little benefit to ICP, like enough to help it cross the $11 resistance. The real benefit is to arrive after Trump assumes the Presidency.
ICP Price Prediction 2025
By the end of 2024, ICP will have crossed $20, its highest level in 2024 because we expect a clear regulatory framework for crypto could arrive.
ICP Price Prediction 2026
By the end of 2026, ICP will have crossed $25, but it will face difficulty going higher because of the lower rate of adoption of DePIN. Until that point, Donald Trump’s policy changes will not have picked pace either.
ICP Price Prediction 2027
We expect the markets to pick pace by 2027, but as the year precedes the Bitcoin halving year, the gains would be minimal on the price front. The DePIN industry however would have advanced. We expect ICP to arrive at a price of $28 to $30 by this point.
ICP Price Prediction 2028
The pre-halving rally of 2028 could greatly uplift the price of ICP. If the markets are really bullish, we might see it reach above $50.
ICP Price Prediction 2029
The post-halving and alt-season rallies of 2029 could take ICP above $75.
ICP Price Prediction 2030
In the long term, we assume ICP would have covered the $75 price levels and crossed them decisively with a strong growth rate, high adoption rates, and more use cases.
You must know how to HODL and avoid FUD to make decent gains in this market.
