Internet Computer price prediction: Is ICP a good investment?

Internet Computer price prediction: Is ICP a good investment?
фото показано с : coinjournal.net

2022-5-18 15:48

The Internet Computer (ICP/USD) price moved sideways as the consolidation in the cryptocurrency industry continued. The token is trading at $8, which is about 36% above the lowest level last week. It remains about 98% below its all-time high, bringing its total market cap to about $1.8 billion.

Will ICP bounce back? 

Internet Computer is a blockchain project that was launched in 2021 by Dfinity, a Swiss-based organization. The platform’s goal is to form a foundation of web 3.0 by helping developers build quality applications. 

Its platform has better features than other blockchains like Ethereum and Solana. For example, its data storage costs are about $0.46 GB per month, which is about 100,000x lower than that of Solana. At the same time, its decentralized applications run 100% on-chain and are owned by DAOs.

According to the developers, its ecosystem has become popular among creators. Some of the most popular applications built using Internet Computer are Fleek, OpenChat, Internet Identity, and Motoko Playground among others. They believe that more developers will embrace the platform in the future.

While activity in the Internet Computer blockchain is rising, the ICP price has not performed equally well. It has lost over 98% of its value and is now the 40th biggest project in the world.

There are several reasons why the ICP price has lagged the market. First, investors have not embraced the coin after its crash that happened shortly after its launch. Second, there are concerns about the competitive nature of the industry. Some of the most notable players it is competing with include Avalanche, Solana, and even Ethereum.

Further, like other cryptocurrencies, investors are afraid of the hawkish stance of the Federal Reserve. The bank has committed to continue hiking interest rates in its bid to fight inflation. Further, the recent crash of Terra LUNA has not helped ICP and other coins.

Internet Computer price prediction

On the four-hour chart, we see that the ICP price has been in a strong downward trend in the past few weeks. It fell to a low of $5.87 during the Terra LUNA bloodbath that happened last week. It has remained below the descending trendline that is shown in purple. The coin has also declined below the 25-day and 50-day moving averages.

Therefore, the path of the least resistance for Internet Computer price is lower, with the next key support level being at $5.50.

The post Internet Computer price prediction: Is ICP a good investment? appeared first on Coin Journal.

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icp internet price computer good investment prediction

icp internet → Результатов: 58


Фото:

Разработчики Internet Computer завершили первую фазу интеграции с сетью Биткоина

Компания Dfinity, стоящая за децентрализованной сетью для вычислений Internet Computer (ICP), объявила о завершении первой фазы интеграции с сетью Биткоина.

2022-1-10 14:17


Разработчики «интернет-компьютера» завершили первый этап интеграции с блокчейном биткоина

Некоммерческая организация DFINITY Foundation, стоящая за развитием экосистемы Internet Computer, объявила о завершении первой фазы развертывания смарт-контрактов ICP в сети биткоина. 1/ #BTC 🤝 #ICP direct integration (🚫🌉)@dfinity cryptographers & engineers hackin' over holidays and weekends.

2022-1-11 12:04


Фото:

Против Dfinity подан коллективный иск за незарегистрированную продажу токенов ICP

Инвесторы подали коллективный иск против Dfinity, стоящей за децентрализованной сетью для компьютерных вычислений «Internet Computer». Dfinity обвиняется в проведении незарегистрированного ICO.

2021-7-23 12:00


Инвесторы обвинили DFINITY Foundation в продаже незарегистрированных ценных бумаг

Некоммерческая организация DFINITY Foundation, стоящая за развитием экосистемы Internet Computer, столкнулась с коллективным иском инвесторов, обвиняющих ее в продаже незарегистрированных ценных бумаг под видом токенов ICP.

2021-7-23 19:57


What Is Internet Computer (ICP) Crypto? A Guide to the “Limitless” Project

Internet Computer (ICP) is a blockchain-based decentralized network intended to provide a “limitless” environment for smart contracts and other decentralized applications to run at web speed. Launched by Swiss-based cryptography… The post What Is Internet Computer (ICP) Crypto? A Guide to the “Limitless” Project appeared first on CoinCentral.

2021-6-30 21:43


Grayscale может запустить 13 новых трастов

Крупнейшая компания по управлению цифровыми активами Grayscale Investments раскрыла названия еще 13 токенов, возможность запуска трастов на основе которых она рассматривает. Это 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA) и 0x (ZRX).

2021-6-18 11:22


Фото:

Основатель Dfinity раскритиковал решения по масштабированию Эфириума и Polkadot

Основатель Dfinity и Internet Computer (ICP) Доминик Уильямс выступил с критикой Polkadot и решений второго уровня для Эфириума. По его мнению, они дают «неприятный» пользовательский опыт.

2021-6-10 20:04


Фото:

Распределяй и властвуй: почему взлетели токены IСP и как их создатель хочет победить Google и Amazon

Токены Internet Computer (ICP) начали торговаться на бирже Coinbase Pro 10 мая. За два дня стоимость цифровой валюты выросла в семь раз и обвалилась в пять, но она все равно вошла в десятку крупнейших в мире по капитализации.

2021-5-17 07:19


Криптовалюта Internet Computer вошла в топ-10 по капитализации среди цифровых активов

Токены Internet Computer вошли в топ-10 по капитализации среди цифровых активов. Криптовалюта начала торговаться на бирже Coinbase Pro 10 мая. Спустя пять дней капитализация ICP составляет $35,3 млрд.

2021-5-15 10:18


Фото:

Internet Computer (ICP) Becomes 8th Wonder Of The Crypto World – Here’s What This Token Is All About

While the two hype-filled dog-themed cryptocurrencies – Dogecoin and Shiba Inu – a few days ago, battled for canine dominance in the crypto-kingdom, ICP snuck up to steal the shine, briefly edging both coins including XRP, ADA, and BNB with a $90billion first-day value before settling as the 8th most valuable coin by market valuation. […]

2021-5-14 15:19