- Bullish ICP price prediction for 2023 is $3.585 to $4.538.
- Internet Computer (ICP) price might reach $5 soon.
- Bearish (ICP) price prediction for 2023 is $2.157.
In Internet Computer (ICP) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ICP to analyze the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
INTERNET COMPUTER (ICP) PRICE PREDICTION 2023 |
|
| INTERNET COMPUTER (ICP) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Internet Computer (ICP) Current Market Status
| Current Price | $3.08 |
| 24 – Hour Trading Volume | $12,950,973 |
| Market Cap | $1,374,294,102 |
| Circulating Supply | 445,576,595 ICP |
[TD]24 – Hour Price Change[/TD]
[TD]1.17% Down[/TD]
[TD]All – Time High[/TD]
[TD]$750.73 (On May 11, 2021) [/TD]
[TD]All – Time Low[/TD]
[TD]– [/TD]
[/TR]
BONE Current Market Status (Source: CoinMarketCap)
What is Internet Computer (ICP)
| TICKER | ICP |
| BLOCKCHAIN | Internet Computer |
| CATEGORY | Metaverse |
| LAUNCHED ON | May 2021 |
| UTILITIES | Governance, security, gas fees & rewards |
Internet Computer (ICP) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology. ICP was launched during its ICO in 2018. Hedera network’s mainnet went live in 2019. Hedera network serves majorly as a distributed file service.
Rather than being built on any blockchain, the Hedera network is built on the hashgraph model that is secured by the proof-of-stake (PoS) consensus mechanism. It uses a patented algorithm that makes it a non-forkable network. The transactions on Hedera are faster and occur at low costs. The hashgraph distributed ledger is secure and immutable as Hedera deploys asynchronous byzantine fault tolerance (aBFT).
Internet Computer 24H Technicals
(Source: TradingView)
Internet Computer (ICP) Price Prediction 2023
Internet Computer (ICP) ranks 33rd on CoinMarketCap in terms of its market capitalization. The overview of the Internet Computer price prediction for 2023 is explained below with a daily time frame.
ICP/USDT Falling Wedge Pattern (Source: TradingView)
In the above chart, Internet Computer (ICP) laid out falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.
At the time of analysis, the price of Internet Computer (ICP) was recorded at $3.11. If the pattern trend continues, then the price of ICP might reach the resistance levels of $3.351 and $4.168. If the trend reverses, then the price of ICP may fall to the support of $2.843.
Internet Computer (ICP) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Internet Computer (ICP) in 2023.
ICP /USDT Support and Resistance Levels (Source: Tradingview)
From the above chart, we can analyze and identify the following as resistance and support levels of Internet Computer (ICP) for 2023.
| Resistance Level 1 | $3.585 |
| Resistance Level 2 | $4.538 |
| Support Level 1 | $2.835 |
| Support Level 2 | $2.157 |
Internet Computer (ICP) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Internet Computer (ICP) are shown in the chart below.
ICP /USDT RVOL, MA, RSI (Source: Tradingview)
From the readings on the chart above, we can make the following inferences regarding the current Internet Computer (ICP) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $3.227Price = $3.147 (50MA > Price) | Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 50.86 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Internet Computer (ICP) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Internet Computer (ICP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ICP /USDT ADX, RVI (Source: Tradingview)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Internet Computer (ICP).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 18.882 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 61.33 <50 = Low >50 = High | High Volatility |
Comparison of ICP with BTC, ETH
Let us now compare the price movements of Internet Computer (ICP) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ICP Price Comparison (Source: Tradingview)
From the above chart, we can interpret that the price action of ICP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ICP also increases or decreases respectively.
Internet Computer (ICP) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Internet Computer (ICP) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Internet Computer (ICP) Price Prediction 2024 | $6 | $4 |
| Internet Computer (ICP) Price Prediction 2025 | $7 | $3 |
| Internet Computer (ICP) Price Prediction 2026 | $8 | $3 |
| Internet Computer (ICP) Price Prediction 2027 | $9 | $2 |
| Internet Computer (ICP) Price Prediction 2028 | $10 | $1 |
| Internet Computer (ICP) Price Prediction 2029 | $13 | $0.7 |
| Internet Computer (ICP) Price Prediction 2030 | $15 | $0.5 |
Conclusion
If Internet Computer (ICP) establishes itself as a good investment in 2023, this year would be favorable to cryptocurrency. In conclusion, the bullish Internet Computer (ICP) price prediction for 2023 is $4.538. Comparatively, if unfavorable sentiment is triggered, the bearish Internet Computer (ICP) price prediction for 2023 is $2.157.
If the market momentum and investors’ sentiment positively elevates, then Internet Computer (ICP) might hit $5. Furthermore, with future upgrades and advancements in the Internet Computer ecosystem, ICP might surpass its current all-time high (ATH) of $750.73 and mark its new ATH.
FAQ
1. What is Internet Computer (ICP) ?
Internet Computer (ICP) is the native utility token of the Hedera network. Hedera is a decentralized hashgraph distributed ledger technology.
2. Where can you buy a Internet Computer (ICP) ?
Traders can trade Internet Computer (ICP) on the following cryptocurrency exchanges such as Binance, WEEX, OKX, Bybit, and DigiFinex.
3. Will Internet Computer (ICP) record a new ATH soon?
With the ongoing developments and upgrades within the Internet Computer platform, Internet Computer (ICP) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Internet Computer (ICP) ?
Internet Computer (ICP) hit its current all-time high (ATH) of $750.73 on May 11, 2021.
5. Will Internet Computer (ICP) hit $5?
If Internet Computer (ICP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
6. What will be the Internet Computer (ICP) price by 2024?
Internet Computer (ICP) price might reach $6 by 2024.
7. What will be the Internet Computer (ICP) price by 2025?
Internet Computer (ICP) price might reach $7 by 2025.
8. What will be the Internet Computer (ICP) price by 2026?
Internet Computer (ICP) price might reach $8 by 2026.
9. What will be the Internet Computer (ICP) price by 2027?
Internet Computer (ICP) price might reach $9 by 2027.
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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.