Internet Computer (ICP): A name synonymous with trust and transparency
Today the internet is the ultimate king. A gigantic data exchange takes place on different servers all over the world and the exchange of information depends solely on the presented data. However, if the source is not genuine or the data is not stored properly, the whole world can fall into disaster.
The Internet Computer Coin was developed by the Dfinity Foundation , a non-profit organization based in Zurich, Switzerland. It is the world's first blockchain technology that runs at web speed and delivers content on the web with unlimited capacity.
As a utility token , Internet Computer ICP allows users to participate in and control the Internet Computer blockchain network. The goal behind the Internet Computer Protocol is to help developers build websites, enterprise IT systems, internet services and DeFi applications by installing their code directly on the public internet.
What problem does Internet Computer (ICP) solve?
The internet computer blockchain solves these problems by supporting real Web3—convenient for users, secure, unstoppable, and resistant to censorship.
Internet Computer Prognosis (ICP): The Vision
An open-source, public cryptocurrency, Internet Computer is a digital roadmap built with the primary goal of blockchain-powered data storage and retrieval. Internet Computer's plan aims to simplify the lives of traders, investors and institutions by giving them the ability to trade on multiple exchanges and take advantage of price escalations. Internet Computer is already present in North America, Europe and Asia.
The use of web space is a paradigm for the functioning of the Internet computer. If you want to build new Internet services today, you often have to include user data, user relationships or contained functions. The Internet computer offers the possibility of creating services on the Internet in a completely new way with the help of "autonomous software".
Not only data is processed, but also information about the availability of the APIs that they make available to other services that want to take over the data or functions they provide. Ultimately, this will enable entrepreneurs and developer communities to create a new type of service that will benefit from better network effects for a brighter future. Contributing collaboratively to a far more diverse, dynamic, fertile, and eventually dominant ecosystem, construction services play a central role in decentralizing the power of the internet.
What are the advantages of Internet Computer (ICP)?
Internet computer advantages
The meaning of the ICP Coin
Along with Bitcoin and Ethereum, this is the third major innovation in blockchain technology. The blockchain-based computer distributes and scales the calculation of smart contracts and the data collected after the calculation, at web speed. In addition, it facilitates the execution and storage of data with great efficiency and provides dynamic software frameworks to the developers of the ICP community.
In summary, the ICP blockchain protocol will help build better and more efficient platforms, decentralized applications and websites, and create a more tokenized version of these systems. Therefore, the Internet Computer Protocol is another step into the blockchain world.
Latest ICP developments
Since the end of 2021, ICP has gone from one evolution to the next, and it's getting harder and harder to track. One such development is that smart contracts running on ICP have surpassed 16,500, which is a sign of growing developer activity on the network.
One of ICP's most recent developments was the announcement of the launch of a Ledger Internet Computer App. Announced on December 3, 2021, it would allow the Ledger wallet to be compatible with the internet computer token. Basically, the Ledger wallet now supports ICP tokens.
November 4th, 2021 was another day of development for Internet computers. They announced a partnership with Esports to launch an internet computer gaming program based on blockchain technology.
Start Terabithia Bridge on Internet Computer
The Terabithia Bridge, a feature designed to improve interoperability between internet computers and Ethereum, has launched. Terabithia is a cross-chain communication protocol and asset mirroring protocol. Users can use any ETH tokens fungible or non-fungible on the Internet Computer blockchain. This makes ICP a second-tier scaling solution.
Terabithia could be the next step for internet computers to scale. This bridge allows smart contracts to work between the two blockchains, meaning assets can be created that work on both Ethereum and Internet computers. For example, ERC-20 tokens can exist on the internet computer blockchain.
Can I use ERC-20 and ERC-721 smart contracts on the Internet computer?
Yes. ICP supports Solidity as a smart contract language. ERC-20 and ERC-721 written in Solidity for Ethereum can be deployed and run on Internet computers. Other Internet Computer ICP token standards may be defined.
Does the Internet Computer (ICP) have a future?
In this internet computer forecast, we also address the opinions of established crypto experts. It cannot be conclusively determined whether the Internet Computer Coin has a future, but it gives a good insight into the opinion of the analysts.
We predict the future price based on our price analysis for a wide range of digital coins like Internet Computer. If you're looking for virtual currencies with good returns, ICP can be a bad, risky investment option. A current investment may be devalued in the future according to our Internet Computer Forecast.
Based on our Internet Computer Price Prediction, it is expected to increase in the long-term. Internet Computer ICP price could climb to over $30.1 by the end of this year. Internet Computer ICP price prediction for 2026 is $39.12 which means it will be profitable investment advice.
Our Internet Computer Price Prediction shows that the price has been trending downwards for the past year. According to our forecasting system, the future price of Internet Computer ICP will fall to $0 in the short-term after one year.
Long Forecast – Internet Coin Computer Forecast
We regularly update our future Internet computer forecast with new values. We make a forecast of future prices for a large amount of digital coins such as Internet computers using price analysis methods. Based on our ICP price prediction, the Internet Computer ICP price could surpass its resistance of $169.20 by the end of this year.
Will the Internet Computer Coin go up?
If you look at the forecasts of the experts, it is noticeable that the analysts are very divided on Internet computers. It's not entirely clear if ICP will post gains later this year, we'll cover the technical chart analysis below and hope this can provide some clarity.
ICP (Internet Computer) continues to be in an overall downtrend. Unfortunately, we did not manage to break through this or form a higher high. We're currently trading at around $5.20.
Looking at the 2H chart, we can see that we saw another brief pump towards $5.46 tonight. However, this was immediately sold off again after the monthly close.
Now we find some support on the weekly support S1. Directly below from 5.04 - 5.10 USD there is still a small support zone, which ICP will very likely get, since there is a lot of liquidity here.
Internet computer coin forecast 2022
On the daily chart we see a much more bullish picture. We are still in a downtrend there, but a double bottom pattern could emerge and bring us a trend reversal.
However, it has to be said that we could still dip into the $4.60 area again as the left bottom of the pattern was formed with a lot of volume and hence a lot of long positions were opened here.
So ICP now has two choices. We are now either holding support over the weekend and starting an uptrend or dropping back into the $4.60 area once again forming a perfect second bottom.
Conclusion on Internet Computer (ICP)
The Internet Computer Coin has set itself the task of mapping the central Internet in a decentralized form. If the network's approaches are adopted and used, the Internet Computer Coin has significant potential.
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