- Bullish ICP price prediction 2022 is $30
- Skyrocketing price potential of Internet Computer is $80
Important: This Internet Computer (ICP) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their ICP price forecast outcome differently. Hence, we strongly suggest to do your own research before buying ICP.
2022 is already in its second quarter, and until now, the bears continue to dominate the market. This market decline is caused by many factors that are currently happening around the world. The rising regulations of different countries on cryptos and the tension between Ukraine and Russia are some of the examples that play a big role in this market decline.
Despite the wild swing of the market, there is some crypto that maintains its ground against the bears. Internet Computer (ICP) is one of the digital assets in the space that continues to make noise lately. Hence, attracting the attention of investors and traders around the world.
For those who may be asking, “What is Internet Computer (ICP) and is ICP a good cryptocurrency to invest in 2022?”, worry not. We’ve got you covered.
Internet Computer (ICP) Overview (At the time of writing)
|Cryptocurrency||Internet Computer (ICP)|
What Is Internet Computer (ICP)?
Internet Computer (ICP) is a crypto network that utilizes blockchain technology. It is capable of performing fast transactions with unrestrictive capacities. The network aims to recreate the web with the help of smart contract technologies. Furthermore, the network plans to become a world computer that can host Web3 dapps, DeFi, games, NFTs, social media, and the metaverse.
Now that we have an idea about what is ICP, let us now proceed to our ICP price prediction 2022.
ICP Price Prediction 2022
Internet Computer (ICP) ranks as one of the top 50 cryptos in the space. Its market cap amounts to more than $3 billion, with a 24-hour trading volume of nearly $152 million. So will ICP have a great price movement this 2022? Let us head to the charts in this ICP price prediction 2022!
As seen in the graph above, the Relative Strength Index (RSI) of the crypto has just recovered from its oversold position. In fact, the crypto is now at level 40.75, a decent level above level 30, the borderline of an oversold and neutral state. If ICP is able to maintain this trend, the crypto may be able to reach the RSI level of 50. If it does, the price of ICP might reach more than $25 to $30.
Furthermore, traders and investors of the crypto can less likely experience a major price breakout. In other words, holders of the crypto can now trade with confidence without the fear of any major price plunge. However, this position of the crypto still depends on the behavior of the market. If the bullish market favors the crypto then there is a big chance that the price of ICP may surge but if the bears overcome the position of ICP, it will be a different story.
The moving average convergence divergence (MACD) of ICP has been seen to be moving aggressively towards the signal indicator. If MACD successfully crosses the signal indicator also known as the golden cross, traders can expect a price boost. Hence, scalp and day traders can do their normal activities without worrying about any price nosedive. However, defensive trading is still advisable since crypto market is still prone to wild swings.
Meanwhile, ICP keeps maintaining its defensive position against the bearish market. In fact, the crypto trades within the Arnaud Legoux moving average (ALMA) indicator, a bullish indicator. At the time of writing, ICP trades at a decent price of more than $13. If ICP can keep its position above ALMA, there is a big chance that ICP may break its $24 resistance level and surge beyond $30.
The graph above shows the bullish surge of ICP in the past year. Specifically, the crypto is able to record a massive growth rate of over +1200% in a single day. Indeed, this shocked and surprised all its investors in the network. If ICP is able to do a massive pump like that today, ICP may skyrocket its price to almost $80 per crypto. What’s more, it may even advance further to reach the high price of $100. Of course, all this can happen this year, but of course, it will all depend on the crypto’s performance and its investors in the network.
Other Market Prediction for Internet Computer (ICP) in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for ICP amounts to $19.6.
Market Prediction for Internet Computer (ICP) Price 2023, 2024, 2025, and 2026
Internet Computer (ICP) price prediction 2023 is up to $22.51 (estimated)
Internet Computer (ICP) price prediction 2024 is up to $24.09 (estimated)
Internet Computer (ICP) price prediction 2025 is up to $30.20 (estimated)
Internet Computer (ICP) price prediction 2026 is up to $26.29 (estimated)
Internet Computer (ICP) continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the ICP price prediction in 2022 amounts to $30. However, this forecast still depends on how the market will treat ICP in the future.
Internet Computer is one of the leading Web3 networks in the crypto space nowadays. Through this, we can say that ICP has the potential to be a good investment in the next months of the year.
The price status of ICP depends on many different factors, one of which is the current market situation. If ICP is able to invite more traders and stakers to the platform, there is a big chance that the price of ICP will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the Internet Computer (ICP) network, an event that is very uncontrollable.
The Internet Computer (ICP) crypto is one of the most iconic projects in the space. The Digifinex exchange is one of the famous crypto exchanges supporting Internet Computer (ICP) crypto.
Yes, ICP is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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