Bombolo | News and Media
The Internet Computer Protocol (ICP) is a type of digital coin, and there isn't a maximum limit to how many can be created. However, every year, they make new coins at a decreasing rate. It starts at 10% more coins in the first year and gradually goes down to 5%.
The market capitalization of Internet Computer's coin (ICP) is currently $7,132,282,950. In simple terms, it's found by multiplying the current price of the coin by the total number of coins available for trading. The trading volume of Internet Computer's coin (ICP) in the last 24 hours is $644,295,130. Trading volume is the total value of all the buying and selling of a cryptocurrency within a specific time frame.
Now, compared to the day before, this trading volume has increased by 96.10%. This indicates that there has been a recent surge in activity in the market for Internet Computer.
Right now, there are about 477.6 million ICP coins in total, but only 207.6 million are actively being used. Some of these coins, around 43 million, are kind of locked up or "staked" in a system called neurons on the ICP network. A good chunk of these, 77%, are locked for at least a year. As of today, Internet Computer is ranked as the 18th most valuable cryptocurrency on CoinGecko, a platform that tracks and ranks cryptocurrencies.
Is ICP good for a long term investment?
In the last 30 days, Internet Computer had 20 out of 30 days, or 67%, where its value increased (referred to as "green days"). This suggests a positive trend in its recent performance.
Looking at historical data, it seems like a good time to invest in Internet Computer. Over the past year, the price of Internet Computer increased by a substantial 289.06%.
Prediction 2024:
The forecast for Internet Computer in 2024 looks positive, suggesting that the value of Internet Computer's coin (ICP) might go up. This could be a signal that it's a good idea to consider buying Internet Computer in 2024. The prediction for Internet Computer's coin (ICP) is that its price could be anywhere between $15.89 and $111.22. If everything goes very well and it reaches the higher price target, that would mean a significant increase of 605.88%, bringing the price to $111.22.
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Prediction 2025:
Based on our predictions, the price of Internet Computer's coin (ICP) is expected to be somewhere between $15.89 and $111.22 next year. If it reaches the higher end of this range, that would mean a significant increase of 606.76%, bringing the price to $111.22.
Prediction 2026:
According to our predictions, the expected price range for Internet Computer's coin (ICP) in 2026 is between $40.24 and $97.07 in 2026. If everything goes very well and it reaches the higher price target, that would mean a substantial increase of 516.34%, bringing the price to $97.07.
Prediction 2027:
Based on the analysis of future predictions, it's anticipated that the price of Internet Computer's coin (ICP) will likely go beyond $61.16 in 2027. By the end of the year, the lowest expected price for Internet Computer is estimated to be around $59.73. On the positive side, the highest it might go is projected to be $63.66.
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Prediction 2028:
According to predictions based on data analysis, it's anticipated that the price of Internet Computer's coin (ICP) might go above $56.96 in 2028. At the end of the year, the lowest expected price for Internet Computer is estimated to be around $51.93. On the more positive side, it's thought that the highest it could reach is $58.89.
Prediction 2029:
According to the forecast data analysis, it's predicted that the price of Internet Computer's coin (ICP) could go beyond $75.05. At the end of the year, the lowest expected price for Internet Computer is estimated to be around $70.83 in2029. On the more positive side, it's suggested that the highest it might reach is $80.79.
Prediction 2030:
According to the forecast data analysis, it's predicted that the price of Internet Computer's coin (ICP) could go beyond $101.56 in 2030. By the end of the year, it's expected to be at least $100.82, and it might reach as high as $105.67.
With a flexible supply model, positive recent trends, and significant historical growth, ICP shows promise. Market insights, current statistics, and future predictions suggest ICP could be a compelling long-term investment, presenting opportunities for investors seeking growth and stability in the crypto market.
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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended to be, and should not be construed as, financial advice. The content is based on analysis and research and we do not guarantee the timeliness of the information presented to you. Readers should conduct their own research before making any investment decisions. The author and the article shall not be held responsible for any financial losses or decisions made based on the content of this article.