ICP price prediction; Will Internet Computer recover its ATH in the coming years?

Over past few months, many new cryptocurrencies have emerged and seen a significant measure of success. One of most promising cryptocurrencies that were released a few weeks ago is ICP Token (Internet Computer). At time of its launch, all-time high price of ICP token stood at $580, making it one of most expensive cryptocurrencies in world. However, since n price of ICP token has fallen down to about $70 dollars, at time of writing this article. Why is ICP falling and what is future of ICP token? Re on to know ICP price prediction. 

ICP Price Prediction 

Crypto price predictions can be difficult, especially for coins like ICP that have lost a lot of value in a short amount, as ir prices could go up or down significantly eir way, due to ir volatility. Fortunately, many crypto experts have given ir price predictions for ICP Token. Wallet Investor has a very negative prediction for ICP, predicting that price of ICP could fall to $3 by end of 2021 and to $1 by end of 2025. Digital Coin Price predicts that price of ICP could reach up to $185 by end of 2021 and up to $363 by end of 2025. However, ICP is a fairly new coin that has been out for just around a month, and making price predictions with this limited data can turn out to be inaccurate. So, price predictions should be taken with a grain of salt. 

Why is ICP falling?

When ICP was initially launched in market, it h been in development since 2016 and many investors h alrey invested in project before coin became available for public. So, at time of its release, it was surrounded by a lot of market hype and enthusiasm, which helped to push its price to $580, very soon after release. However, Tokenomics of ICP is a bit strange. At time of ICP being released to public, 50% of supply was locked with creators, and anor major portion was locked with investors who invested in project. Every month, a fixed supply of coins from this supply is introduced into market which dilutes demand and supply goes down each month, as more ICP tokens are available in market over. Crypto experts believe this is main reason behind fall in price of ICP. Stay tuned for more ICP crypto news and cryptocurrency updates. 

DISCLAIMER: information provided on this website is for educational and entertainment purposes. information provided on this website does not constitute investment vice, financial vice or tring vice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Reers should do ir own research on cryptocurrencies and consult ir financial viser before making any crypto investments.

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