Internet Computer (ICP) Price Prediction 2022 – Will ICP Hit $10 Soon?
- Bullish ICP price prediction is $6.89 to $20.28.
- Internet Computer (ICP) price might also reach $10 soon.
- Bearish ICP price prediction for 2022 is $4.76.
In Internet Computer (ICP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other ICP information to analyze the cryptocurrency’s future movement.
Internet Computer (ICP) Current Market Status
According to CoinGecko, the price of Internet Computer (ICP) is $6.14 with a 24-hour trading volume of $30,445,975 at the time of writing. However, ICP has decreased by nearly 0.2% in the last 24 hours.
Moreover, Internet Computer (ICP) has a circulating supply of 260,794,970 ICP. Currently, Internet Computer (ICP) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, OKX, Gate.io, DigiFinex.
What is Internet Computer (ICP)?
The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum. The Internet Computer was incubated and launched by the DFINITY Foundation. The basic idea of ICP is to create a new kind of decentralized internet and global computing system, where independent data centers all over the world could join together to create an alternative to the cloud services that power most of the current internet.
The internet Computer attempts to offer a fundamental alternative so that developers can build, host, and serve applications in a more decentralized way allowing websites to be deployed directly onto the public internet.
Internet Computer (ICP) Price Prediction 2022
Internet Computer (ICP) holds the 39th position on CoinGecko right now. ICP price prediction 2022 is explained below with a daily time frame.
The above chart of Internet Computer (ICP) laid out the Horizontal channel pattern, also known as sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, Internet Computer (ICP) is in the range of $6.15. If the pattern continues, the price of ICP might reach the resistance levels of $6.47, $7.42 and $9.92 If the trend reverses, then the price of ICP may fall to $5.66.
Internet Computer (ICP) Support and Resistance Levels
The chart below shows the support and resistance levels of Internet Computer (ICP).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Internet Computer (ICP).
| Resistance Level 1 | $6.89 |
| Resistance Level 2 | $9.93 |
| Resistance Level 3 | $14.16 |
| Resistance Level 4 | $20.28 |
| Support Level | $4.76 |
The charts show that Internet Computer (ICP) has performed a bullish trend over the past month. If this trend continues, ICP might run along with the bulls overtaking its resistance level at $20.28
Accordingly, if the investors turn against crypto, the price of Internet Computer (ICP) might plummet to almost $4.76, a bearish signal.
Internet Computer (ICP) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Internet Computer (ICP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ICP lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Internet Computer (ICP) is shown in the chart above. Notably, Internet Computer (ICP) price lies below 50 MA (short-term), so it is in a downtrend. Currently, ICP has entered a bearish state. Therefore, there is a possibility of a reversal trend of ICP at any time.
Meanwhile, the relative strength index (RSI) of the ICP is 46.46. This means that Internet Computer (ICP) is in an oversold state. However, this means a major price reversal of ICP may occur in the upcoming days. So, traders need to trade carefully.
Internet Computer (ICP) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Internet Computer (ICP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Internet Computer (ICP). Currently, the ADX of ICP lies in the range of 18.19 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Internet Computer (ICP). RVI measures the constant deviation of price changes over a period of time. The RVI of ICP lies below 50, indicating high volatility. In fact, the RSI of Internet Computer (ICP) is at 46.46 thus confirming a potential buy signal.
Comparison of ICP with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Internet Computer (ICP).
From the above chart, we can interpret that the price actions of ICP is a dissimilar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases , the price of ICP decreases. And when the price of BTC and ETH decreases, the price of ICP increases.
Internet Computer (ICP) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Internet Computer (ICP) might probably attain $20 by 2023.
Internet Computer (ICP) Price Prediction 2024
With several upgrades in the network, Internet Computer (ICP) might enter a bullish trajectory. If the coin grabs the attention of major investors, ICP might rally to hit $30 by 2024.
Internet Computer (ICP) Price Prediction 2025
If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, ICP would rally to hit $40.
Internet Computer (ICP) Price Prediction 2026
If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, ICP would rally to hit $50.
Internet Computer (ICP) Price Prediction 2027
If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, ICP would rally to hit $60
Internet Computer (ICP) Price Prediction 2028
If Internet Computer (ICP) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, ICP would hit $70.
Internet Computer (ICP) Price Prediction 2029
If investors flock in and continue to place their bets on Internet Computer (ICP), it would witness major spikes. ICP might hit $80 by 2029.
Internet Computer (ICP) Price Prediction 2030
With greater advancements in the Internet Computer ecosystem, the crypto community might continue to invest in Internet Computer (ICP) for the next 8 years and drive significant price rallies for the token. Hence, Internet Computer (ICP) might hit $90 by 2030.
Conclusion
With continuous improvements in the Internet Computer network, we can say that 2022 is a good year for ICP. For this reason, the bullish price prediction of Internet Computer (ICP) in 2022 is $20.28. On the other hand, the bearish price prediction of Internet Computer (ICP) price prediction for 2022 is $4.76.
Furthermore, with the advancements and upgrades to the Internet Computer ecosystem, the performance of ICP would help to reach above its current all-time high (ATH) of $700.65. very soon. But, it might also reach $10 if the investors believe that ICP is a good investment in 2022.
FAQ
The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain.
Internet Computer (ICP) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, OKX, Gate.io, DigiFinex.
With the ongoing developments and upgrades within the Internet Computer platform, Internet Computer (ICP) has a high possibility of reaching its ATH soon.
On May 10, 2021, Internet Computer (ICP) reached its new all-time high (ATH) of $700.65.
Internet Computer (ICP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Internet Computer in the past few months, ICP is considered a good investment in 2022.
Internet Computer (ICP) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Internet Computer (ICP) will hit $10 soon.
Internet Computer (ICP) price is expected to reach $20 by 2023.
Internet Computer (ICP) price is expected to reach $30 by 2024.
Internet Computer (ICP) price is expected to reach $40 by 2025.
Internet Computer (ICP) price is expected to reach $50 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
