Is Internet Computer Future of Internet – A Deep Dive Into Its Core Functionality & Price Analysis 2022-2031
The price prediction of Internet Computer ICP token which ensures Web3 dApps running at the lightning speed, speedy transactions and reverse gas for using ICP resources. ICP was launched last year. ICP token price has faced a worse shake up this year, but it’s greater usability which will push its price high. You can find the price prediction of Internet Computer ICP token from 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030 to 2031. Although its price has shaken up a bit its future is bright realising its usage for the swapping community on the cross chain.
Internet Computer ICP
The DFINITY Foundation announced the Internet Computer (ICP) decentralized blockchain network in May 2021 with the goal of expanding internet functionality and enabling smart contract creation on a larger scale. The project’s strengths include the ability to create smart contracts and a competent team of cryptocurrency enthusiasts, among other things.
Internet Computer’s mission is to develop the public Internet into a world-class computing platform. Because the blockchain is publicly accessible and comes with considerable functionality, the designers consider Internet Computer to be a revolutionary network. In addition, the initiative gives users access to a borderless blockchain environment with lower computational expenditures and web-speed performance.
ICP provides a wide range of dApp development opportunities and scalability and the code can be installed on the internet. The transactions take less than a second with minimal cost per transaction. The Devs can achieve their decentralized dreams without using any traditional cloud service.
ICP’s use of decentralized technology to the Internet is based on a fundamental unique feature—Chain Key Technology. By enlisting the help of those who host and participate in the network, the initiative aims to give control back to developers and ordinary Internet users. The goal of Internet Computer is to provide Chain Key Technology, a set of cryptographic protocols that includes numerous components, such as Threshold Relay (a consensus model), Non-Interactive Distributed Key Generation or NI-DKG, Network Nervous System or NNS (an on-chain governance system), and distributed identity a.k.a. Internet Identity is a tool to help you manage your identity.
One of the landmarks of ICP is Chain Key Technology which powers the entire network and allows new nodes to be added, create subnets, ensure scalability, remove problematic nodes, fix bugs and keep updating the entire ecosystem.
Technically speaking, Chain Key Technology is the core of the Internet Computer Protocol that takes care of its entire ecosystem and implements immediate changes if needed.
By linking nodes and creating subnets, the Internet Computer can complete transactions in less than a second. This method simplifies the transaction process by utilizing a single public key, which is one of its main benefits. In addition, a scalable method for verifying transactions is implemented to the blockchain. Finally, in 2022, the Internet Computer team intends to make all source code available to the public though Github, which will surely boost ICP’s popularity even more.
Among the reasons why Internet Computer was initially considered popular:
Dominic Williams, the Creator and lead Scientist of the DFINITY Foundation, emphasizing the project’s enormous potential. He drew attention to the network’s rapid transaction speed, as well as its ability to scale dApps and save big on computing costs is a boon for the whole blockchain community. Among others, the popular figure including Andreessen Horowitz, Aspect Ventures, Electric Capital, tokenFund, Fenbushi Capital, LedgerPrime, Multitoken Capital and SNZ are the crypto industry’s most prominent investors. Absolutely anybody may produce software and run it on the Internet with Internet Computer, and any user can learn about blockchain technology and build a DeFi application with ICP.
Some of the key solutions introduced by Internet Computer are mentioned below which are going to solve big issues soon. Some of them are already taken care of while others will be tackled which are included in their roadmap.
Speed: The transaction speed and accessibility of HTTP domains on blockchain barred developers to launch tons of projects on blockchains. ICP cryptocurrency works at web speed which tackles these two issues. The transaction speed and internet accessibility has become cost effective and speedy.
Web3 and dApps – The Internet Computer is to-date the fastest blockchain which can be utilized for general purpose. The DFINITY foundation launched it in May in 2021–a year ago, with the vision to become the first ‘World Computer’ to provide streamlined services for Web3, dApps, DeFi, Games and other hosting opportunities such as Metaverses as well as social networking sites.
Bitcoin Ethereum Vs ICP – After Bitcoin and Ethereum, Internet Computer is the third biggest world-renowned blockchain. What makes it different from any other blockchain is its capability to serve 250K queries/second. This speedy query serving being a blockchain makes it stand out clearly and is powerful enough to support infinitely scalable Web3 dapps with lesser fees.
Hosting on ICP – Hosting websites on ICP is very cheap and the storage cost is just $0.46 per GB/month costs $0.46 per 1 GB / month or $5 per 1 GB / year. In comparison, it costs $310m (Ethereum) and $800k (Solana)
Censorship – ICP is absolutely sovereign and there is no censorship. The network uses Chain Key Cryptography which provides millions of users to scale their projects by empowering the number of Nodes at the same time. The idea for creating a world computer is derived from the Ethereum ecosystem. In fact, founder of ICP Dominic Williams was a technologist at Ethereum himself. More than 200 cryptographers and blockchain developers worked together from the popular companies.
Chain Key Cryptography and its global appeal
One of the pioneering act of ICP is Chain Key Technology that is going to change the dimension of the whole blockchain ecosystem. We have mentioned below how it’s changing the world of DeFi, Web3 and Blockchains in general:
Cost Cutting on Hosting – Internet Computer cuts cost of hosting dApps on its blockchain massively which is unique in its own way.
Network Nervous System (NNS) DAO: The Nervous Network Sytem DAO is an open-source mechanism that somewhat controls the Internet Computer that makes changes based on the community votes and suggestions.
User-Friendly Web3 Experience: Now anyone can enjoy the same user-experience like traditional web on blockchains by sering HTTP calls to users for web3 dApps with the same speed and accuracy. For example if you are hosting a facebook or TikTok like web2 platform on web3 the queries will serve in the same manner. It’s very difficult to serve them otherwise on IPFS and Ethereum Name Service.
Gas on Internet Computer Blockchain: Unlike Gas on Ethereum, on ICP they are called Cycles which are the resource you need to concede transactions. It’s a reversal model, as we have noticed the devs are required to pay some Ether to run dApps on its blockchain and other legacy blockchains, on ICP you don’t have to pay it. In a nutshell, you don’t have to pay any fees or connect any wallet for minting NFTs or other resources.
New Anonymity Technology – Internet Computer web3 dApps, Metaverses, games and NFTs are able to generate a unique Internet Identity that authentically anonymize the real identity. Its new TouchID, FaceID on phones empowered through cryptography will change the surface of the internet.
Independence – Around 50% of Ethereum and Solana Nodes depend on cloud services and they can be shutdown by a single entity anytime. In the case of ICP like Bitcoin, the Nodes are 100% sovereign. At this time, there are 413 sovereign ICP nodes running across the globe which are going to increase hundred times soon making it the most sovereign blockchain protocol with 100% independence, permissionless and trustless ecosystem.
The price prediction of Internet Computer ICP token is shown in the table below created through AI tools used for probabilistic price forecast and analogies for 2022-2031 realising its financial growth and its price history for its brief lifetime.
Lowest Price Threshold
Highest Threshold Per Annum
Internet Computer ICP token price prediction from 2022 to 2031
ICP is the governance token of Internet Computer decentralized ecosystem which makes the blockchain sovereign, allows web3 dApps and cost effective blockchain solutions on a larger scale. We have discussed below the details about the price progress of ICP token for the next 10 years from 2022-2031 which somewhat tells you this token will do in the future.
Internet Computer ICP token Price Prediction 2022
The price of ICP token in 2022 shows a big hole in the price performance due to massive market shakeup in 2021 and still continues. However its price is predicted to be at least at $22.52 averaging at the price mark of $23.42 and going high to the price of $23.94.
Internet Computer ICP token Price Prediction 2023
In 2023 Internet Computer ICP token price will increase due to its core usability as we see sometimes slippage is huge and the assets also get lost in the middle. Its usability will increase and ICP token will reach at least $30.21, average at $32.15 and grow further in value and reach $36.45.
Internet Computer ICP token Price Prediction 2024
The ICP token has already established itself as one of the highly reliable platforms to empower the Internet Computer loaded with tons of web3 resources that devs and commoners can use to deploy their projects and host them. Imagine ICP’s scalability after a few of years as we see hundreds of new projects are launching and the communities will definitely look forward to provide them liquidity so its price is seen reaching at least $62.12 in the first few months and average at $66.30 and finally at the end of the year 2024 will reach $69.15.
Internet Computer ICP token Price Prediction 2025
In 2025 the Internet Computer ICP token is predicted to emerge as one of the primary cryptocurrencies as Dfinitiy has shown strong confidence to change the face of the entire Internet by deploying new projects run on Internet Computer. The Internet Computer ICP token price is predicted to be at least $100.05 averaging at $108.35 and reaching the price mark of $115.75 in 2025.
Internet Computer ICP token Price Prediction 2026
The price of ICP token will multiply in due to its extreme use-cases and new-tech it has introduced to the blockchain ecosystem which is revolutionary. The price prediction of Internet Computer ICP token for 2026 is predicted at least $175.25, averaging at $182.95 and reaching an all time high price at $199.50.
Internet Computer ICP token Price Prediction 2027
As of the year 2027 will make us understand the importance of Internet Computer blockchain in the domain of blockchains and the price of ICP token will reach at least $240.04 average at $250.34 while reaching the highest price mark of $270.10 by the end of the year 2027.
Internet Computer ICP token Price Prediction 2028
The year of 2028 is the year targeted to see how well its Dfinity’s roadmap has been carried out through the years and the price of ICP token can reach at least $410.11, averaging at $430.33 and by the end of 2028 of $466.99. This year will change the whole dynamics of the ICP blockchain as we are aiming at its usability increment 100x times.
Internet Computer ICP token Price Prediction 2029
The Internet Computer ICP token in 2029 is predicted to get to the price mark of $615.07 averaging at $655.49 and an all-time-high price at $696.07. It’s mainly due to its core prime use-case.
Internet Computer ICP token Price Prediction 2030
The price of an ICP token in 2030 will be much higher than what it appears to be now. The ICP token price deep analysis and breakdown shows it’s going to explode in the 2030s. The price of ICP token is predicted to reach $814.21, averaging at $854.35 and finally reaching the unthinkable mark of $894.42.
Internet Computer ICP token Price Prediction 2031
The year 2031 will prove most prosperous in the career of the entire Dfinity ecosystem and devs of web3 across the world in general, while ICP token will keep pushing the price point. Its price can reach around $1217.40, average at $1257.02 and will reach the highest price mark at $1314.90 after 10 years in 2031.
Is Internet Computer ICP A Good Investment?
Internet Computer ICP token is the future of the entire DeFi system due to its varied use for a number of amazing new projects ahead. You can literally build anything on this blockchain using the Internet Computer like traditional internet. It has a strong community on Reddit which believes in the Dfinity network and Internet Computer ecosystem.
When Will Internet Computer ICP Token Reach $100?
ICP token has seen a huge drop in price recently. Like we have seen in the price chart shown above ICP token will reach $100 in a couple of years. We have mentioned also it can reach the price of $100 in 2025.
What is DFINITY?
DFINITY is a decentralized platform for developing and deploying smart contracts, Web3, dApps and other blockchain-based solutions which run smoothly. The DFINITY network provides a fully distributed consensus protocol to reduce the risk of centralization inherent in many Proof-of-Work models.
How the Internet Computer Achieves Consensus on Decision Making?
ICP established a consensus protocol for blockchain and smart contracts, which reduces the risk of centralization inherent in many Proof-of-Work models by distributing control into smaller groups of nodes called subnets.
How Does the Internet Computer Network Nervous System Work for Voting?
The NNS works by receiving proposals and deciding to adopt or reject them based on voting activity by neurons; that network participants have created. Neurons are also used by participants to submit new proposals. After submission, proposals are either adopted or rejected, which can happen almost immediately or after some delay, depending on how the totality of neurons vote.
Is the Internet Computer Safe Against 51% Attacks?
With no single point of failure, the Internet Computer is inherently resistant to 51% attacks. This makes it a viable platform for decentralized applications (dApps) that require trustless execution of smart contracts.
Is Internet Computer The Actual Future of Internet?
Internet Computer has potential to lay the foundation for the future of Internet as it resolves DeFi and blockchain related problems on a much greater level. Seeing its usability makes it very likely to become the core blockchain. From blockchain-based social networks to developing simple dApps, it solves all problems. On the fundamental level it’s next to Bitcoin as Ethereum is still building the roadmap for its core changes and costs massively which a common man cannot afford to.
ICP is the only public blockchain that provides the anonymity in true sense. As many projects and products are yet to come. Seeing its roadmap we can say it can serve as the best of blockchains. You can see its roadmap here which is amazing.