What Price Will Internet Computer Peak at in the Ongoing Bull Run? ICP Analyst Spots Strong Bullish Pattern
As the cryptocurrency market witnesses a bullish resurgence, several analysts are making bold predictions about the future price trajectory of Internet Computer (ICP), the native token of the Internet Computer blockchain.
Joel Vazquez, a prominent crypto analyst, believes that ICP could potentially reach a staggering $2,831.02 at the peak of the ongoing bull run. However, Vazquez acknowledges that this increase may not happen immediately, suggesting a gradual upward trend with potential small dips along the way. He expects ICP to first jump straight to $136 before continuing its ascent.
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Show more +Web3Advocate, another crypto enthusiast, shares a similar sentiment, describing ICP as “the most undervalued blockchain for years.” They argue that if ICP had a community size comparable to Ethereum (ETH) or Solana (SOL), its market capitalization would easily exceed $100 billion, given its “untouchable” technology. It’s worth noting that ICP’s current market cap stands at $7 billion, while Ethereum’s market cap is over $370 billion.
MotokoMartin, an ICP proponent, suggests that a 10x increase from the current ICP price would bring its total valuation to approximately $70 billion. They believe that achieving a valuation between $70 billion and $350 billion is realistic, as multiple “inferior blockchain networks” have reached valuations well above $100 billion.
Adding to the bullish chorus, HArtist, a technical analyst, claims that ICP is exhibiting the “lurking leopard” pattern, which they describe as a “one in a billion pattern.” This pattern, according to HArtist, signifies that the technology behind ICP is superior and “hidden in plain sight,” making it the “most bullish pattern of all time.”
While these predictions may seem ambitious, they highlight the growing optimism surrounding the Internet Computer blockchain and its native token. As with any investment, it’s crucial for individuals to conduct their own research and exercise caution when making financial decisions.
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