The Internet Computer is a Layer-1 blockchain that allows anyone to provide decentralized computing power and host dApps on the public internet. It is a fully decentralized alternative to today's internet, which is primarily operated by large centralized companies like Google and Meta.
The ICP token has fallen over 99% from its all-time high, but it has provided substantial returns for investors this year. Check our predictions for the prices of the Internet Computer in 2024, 2025, and 2030 to see if ICP is worth buying.
Internet Computer token price prediction 2024-2030
Here are the most important conclusions from our price predictions for the Internet Computer:
Our real-time ICP to USD price chart shows that the current price of the Internet Computer on October 21, 2024, is $8.09.
The market cap of the Internet Computer is $3.81 billion, significantly down from its historical peak market cap of $53 billion in 2021.
On May 10, 2021, ICP reached an all-time high of $497.71.
We predict that the price of ICP will maintain around $8.39 by the end of 2024, consolidating the gains made earlier this year.
With the increasing demand for decentralized, censorship-resistant internet, we predict that the average price of ICP will reach $9.11 in 2025 and $13.78 in 2030.
Here is our complete forecast for the price of the Internet Computer from 2024 to 2030:
Price Prediction for the Internet Computer in 2024
We believe that the price of the Internet Computer for the remainder of this year will depend more on technical factors than on fundamental changes in the value of the ICP token. While the Internet Computer may achieve moderate user growth by the end of this year, we believe it is unlikely to benefit from user base growth before entering the next bull market cycle.
Looking at the ICP token price chart, we find that the trading price is close to the support/resistance level of $8.50, a level that has played a significant role throughout the year’s price trend for ICP, even becoming the starting point for ICP's price surge above $19 in March.
While ICP has the potential to rise to around $10 by the end of the year, we believe it is more likely to trade within a narrow range around $8.50. The trading volume for the token is declining, indicating that the price trend may enter a consolidation phase that could last for months.
Considering this, we predict that the average trading price of ICP for the remainder of this year will be around $8.39, showing relatively lower volatility compared to other top altcoins. Here’s how we expect the price of ICP to change over the next six months:
What is ICP used for?
The ICP token has three main uses within the Internet Computer ecosystem:
ICP can be converted into Cycles, providing computational power for the Internet Computer blockchain.
ICP can be staked in the Internet Computer's DAO (full name: Network Nervous System DAO) to participate in governance.
ICP is paid to the data centers that participate in the Internet Computer network.
Price Prediction for the Internet Computer in 2025
In 2025, we anticipate a slight increase in the value of the ICP token, mainly due to growth in the overall cryptocurrency market. Analysts predict that the price of Bitcoin could soar to $200,000 in 2025, triggering a massive bull market that will drive up the prices of all major altcoins, including the Internet Computer.
As more people try Web3 for the first time, the Internet Computer itself may benefit from a slightly expanded user base in 2025. However, the largest market growth is expected to occur in the United States, where new cryptocurrency regulations being considered by Congress may make it easier for companies and institutions to enter the crypto market.
While the Internet Computer may appeal to users in the United States, its most valuable user base is located in countries with stricter censorship or limited access to the public internet. These countries may see an increase in users attempting to use the Internet Computer by 2025, but we expect the growth rate to be relatively moderate.
The recent arrest of Telegram founder Pavel Durov may create a chilling effect on the Internet Computer. As his trial begins, the world will discover what restrictions countries might impose on free speech on an intermediary-free internet network and how these restrictions could apply to decentralized platforms like the Internet Computer.
The Internet Computer may receive a temporary boost from Web3 users wanting to protest restrictions on internet free speech. However, in the long run, any new restrictions could hinder the development of the network and prevent legitimate server providers from offering their data centers to the Internet Computer protocol.
Considering all this, we predict that the average trading price of ICP in 2025 will be $9.11, suggesting a potential increase of 12.61% from today’s price.
Long-Term Outlook for Internet Computer Price Prediction: 2026-2030
In the long run, we predict that the Internet Computer will experience moderate growth but will lag behind the broader cryptocurrency market. While the decentralized internet of the Internet Computer indeed has advantages, the fact is that most Web3 users are more concerned about speed and costs, leading them to choose other emerging Layer-1 blockchain projects instead of the Internet Computer.
The Internet Computer will not only face competition from existing blockchains like Ethereum, Solana, and Avalanche, but also from emerging networks like BlockDAG that are currently under development. The Internet Computer may struggle when competing with these more popular networks due to its requirement to run smart contracts behind dApps rather than just storing transaction information on-chain, which will inevitably be slower and more resource-intensive.
Nevertheless, we believe that the Internet Computer will continue to attract users, especially from countries where public internet access is heavily restricted or unavailable. As global concerns about privacy and centralization increase, the decentralized internet offered by this blockchain has real value.
The users and data centers participating in the Internet Computer may change over time, but we expect it to show slow and steady growth by the end of this century.
Therefore, we predict that the average price of the ICP token could reach $13.78 by 2030, indicating a potential return rate of 70.43% for investors who purchase ICP today. Here’s how we believe the price of ICP may change over the next decade:
2026: $10.13
2027: $11.14
2028: $12.11
2029: $13
2030: $13.78
Potential highs and lows for the Internet Computer
Considering the historical price of the Internet Computer and the volatility of the cryptocurrency market, its price may fluctuate. Thus, we have identified potential highs and lows for each year in our predictions to help investors better assess the potential risks and returns of buying ICP.
Our price prediction methodology for the Internet Computer
We primarily use technical analysis to predict short-term ICP prices, including the remaining time in 2024 and early 2025. This analysis considers support and resistance levels, price momentum, and trend line analysis to forecast potential price movements for the token in the coming months.
For the long-term price prediction from 2025 to 2030, we rely more on fundamental analysis of the Internet Computer and its role in the Web3 space. Our analysis considers its unique advantages, its position relative to other major Layer-1 blockchains, and the likelihood of new users flocking to the Internet Computer network in the coming years.
Historical Prices of the Internet Computer
On May 10, 2021, the Internet Computer launched its Layer-1 blockchain and the ICP token, initially referred to as DFN, named after the non-profit DFINITY Foundation that developed and launched the platform.
At launch, demand for ICP was extremely high, pushing the token up to an all-time high of $497.71. However, the price quickly fell to $123 on May 19 and down to $31 by the end of June, a decline of over 90%. Before the onset of the cryptocurrency winter, the price failed to recover, with the trading price of ICP remaining around $4 to $7 for most of 2022 and 2023.
In October 2023, the price of ICP began to rise again, increasing from below $3 to a high of $19.05 in late March 2024, during which time trading volume increased by more than tenfold.
Since March, the price of ICP has been declining, currently trading between $6.50 and $10.50. As of October 21, 2024, the price of the Internet Computer is $8.09, with a market cap of $3.81 billion.
Where is the Internet Computer traded?
The ICP token of the Internet Computer can be traded on most centralized exchanges, including Binance, Coinbase, OKX, Kraken, ByBit, Bitget, Gate, MEXC, HTX, etc. It can also be traded on the Sonic decentralized exchange built on the Internet Computer.
What are other analysts predicting for the Internet Computer?
Although the Internet Computer is a large-market-cap cryptocurrency, there are relatively few price predictions due to its poor performance in recent years. That said, we did find several ICP price predictions to compare with our own.
CoinCodex is very optimistic about the Internet Computer, predicting that by 2025, the ICP token could explosively rise to $38.55. However, CoinCodex predicts a potential peak of $15.32 in 2027 and a potential peak of $51.50 in 2029, indicating that investors should prepare for significant volatility.
The ICP price predictions provided by AMB Crypto align more closely with our own, forecasting an average price of $10.72 in 2025 and an average price of $18.79 in 2030.
Coinpedia predicts that by the end of 2025, the average price of ICP could be $13.75 and then rise to an average price of $48.67 in 2030, which is also more optimistic than our predictions.
What is the Internet Computer?
The Internet Computer is a Layer-1 blockchain built to promote a decentralized internet. Most smart contract blockchains (like Ethereum) only store transaction data on-chain, while the Internet Computer actually runs software on the blockchain. This means the Internet Computer can host decentralized websites and dApps, as well as store data about transactions that occur on the network.
What sets the Internet Computer apart from other blockchains is that it uses something called ‘reverse gas,’ where developers do not have to ask users to pay gas fees (in ICP) for using the Internet Computer; instead, they must pay gas fees for the users of their dApps. These fees are paid to the server providers, who provide the decentralized computing infrastructure that forms the backbone of the Internet Computer.
The Internet Computer was originally launched by Dominic Williams in 2015, with a token presale held in 2017-2018. The blockchain and ICP token were launched in 2021, and the project is managed by a DAO under the non-profit DFINITY Foundation.
Is the Internet Computer worth buying?
Our price predictions for the Internet Computer suggest that the ICP token may only yield moderate returns in the coming years. While we expect the Internet Computer to grow, the growth rate will be far below that of the broader cryptocurrency market, especially compared to other Layer-1 blockchains. We do not consider it one of the most worthwhile Web3 tokens to buy at this time.
For investors who firmly believe in a decentralized internet and want to support the Internet Computer's anti-censorship efforts, the ICP token may be worth buying.
However, as a cryptocurrency investment, we believe that even under optimal network conditions, ICP may perform poorly. Other ICP predictions are more optimistic than our own, but we believe these analyses underestimate the potential popularity of emerging Layer-1 blockchains like BlockDAG.
Thus, while ICP may seem cheap compared to historical prices, hopeful investors should remain cautious.
Conclusion
We predict that the Internet Computer will experience moderate growth, reaching an average price of $9.11 by 2025 and an average price of $13.78 by 2030. While this may be attractive to some investors, we believe there are many better opportunities in the current cryptocurrency market.
Frequently Asked Questions
What will the value of the Internet Computer be in 2024?
Our prediction for the price of the Internet Computer in 2024 suggests that by the end of this year, the price of ICP will remain around $8.39.
What will the value of the Internet Computer be in 2025?
According to our prediction for the price of the Internet Computer in 2025, ICP will rise slightly to an average of $9.11, which is a 12.61% increase from the current price.
What will the price of the Internet Computer be in 2030?
Our prediction for the price of the Internet Computer in 2030 suggests that the price of ICP will rise to $13.78, with a potential high of $17.69.
Can the Internet Computer reach $100?
Although the Internet Computer reached an all-time high of $497.71 shortly after its launch on May 10, 2021, we believe that ICP will not exceed $100 again in the next 5-10 years. We predict that it may peak at $17.69 by 2030.
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