Key Insights
- The general crypto market appears to be returning to its strength, especially within 2025.
- Bitcoin’s recent break above the $100,000 mark has kickstarted a new bullish trend for the altcoins, with Internet Computer being one of them.
- The cryptocurrency needs a break above $15 to confirm a new uptrend and target $20 or higher.
- CoinCodex’s AI predictions put a yearly high in 2025 at around $36 for ICP—which is more than a 300% price increase.
The broader crypto market is showing great signs of health today, especially with Bitcoin’s break above the $100,000 price level again.
The altcoin market itself has been relatively healthy, with CoinMarketCap’s altcoin season index showing that this class of altcoins are gaining ground against Bitcoin.
Among some of these best performing altcoins, Internet Computer (ICP) stands out as one of the top performers.
Here’s why investors are interested in this cryptocurrency, and what you can expect from its performance over the coming months.
Updates On Internet Computer
Data from CoinMarketCap shows that Internet Computer is up by nearly 8% on the daily timeframe.
This sets the cryptocurrency up as one of the best performers among the top-100 cryptocurrencies.
Its price is also up by a modest but impressive 5% over the weekly timeframe, along with a 10% increase in trading volume.
This puts the cryptocurrency’s trading volume at around $191 million over the last 24 hours, in an impressive show of investor interest.
Coinglass data also shows an encouraging increase in the cryptocurrency’s open interest over the last three months, with a current value of $106 million.
This is especially impressive, considering how this metric sat at only $33 million four months ago.
Al of the above points towards an increase in investor interest, and Internet Computer might be poised to shine soon.
ICP’s Performance In The Charts
According to the charts, Internet Computer is trending upwards once again after hitting a low of $5.8 in July of last year.
The cryptocurrency is trading atop an ascending trendline as shown, and is attempting to break above its 50-day SMA around $11.73.
This means that Internet Computer need a break above its previous local high around $15.6 to confirm a new uptrend.
Once this breakout happens, the cryptocurrency will be free to target new highs around $20 and beyond, especially as the general crypto market recovers in strength.
Internet Computer Price Prediction For 2025.
AI insights from CoinCodex show that Internet Computer has a bullish future ahead of it.
The cryptocurrency has a current price of $11.34 at the time of writing. However, CoinCodex predicts that its value will nearly triple over the next month, to a new high of $35 as illustrated.
The prediction resource also shows that the cryptocurrency is poised to continue further upwards over most of the year and hit a yearly high of $46 by April.
This would represent a price increase of more than 300% from current price levels, making Internet Computer a noteworthy investment.
Furthermore, CoinCodex also expects the cryptocurrency to rally further upwards and to nearly $100 before the next bull run.
