ICP Price Depth Analysis: Can Internet Computer Make a Comeback in 2026?

As of December 31, the Internet Computer’s token ICP is priced at $2.82 on Gate, down 2.66% for the day, with a market capitalization of approximately $1.54 billion.

This price has significantly shrunk compared to its $9.28 in January 2025. Market sentiment indicators show “extreme fear,” with only 9 days of gains in the past 30 days.

01 Current Market Situation: ICP’s Status and Data Interpretation

According to the latest data from the Gate platform as of December 31, ICP’s real-time trading price is $2.82. This price has decreased by 2.66% over the past 24 hours, continuing recent weakness.

Its market cap is currently $1.54 billion, ranking around 58th among all cryptocurrencies. The 24-hour trading volume is about $65 million, indicating some market activity but not top-tier.

From a supply perspective, ICP’s circulating supply is 54,605,000,000 tokens, with total supply matching circulating supply, meaning all tokens are fully in circulation.

A notable historical comparison is that ICP’s all-time high reached an astonishing $700.65 (in May 2021), while the all-time low was $2.23 (in October 2025).

This means that while the current price is near a historical low, it has fallen over 99% from its peak.

02 Technical Perspective: Market Signals Behind Charts and Indicators

From a technical analysis standpoint, ICP is currently facing multiple pressures. Major moving averages across several periods (such as the 50-day SMA at $3.87 and the 200-day SMA at $4.80) are above the current price, forming a clear bearish alignment, indicating a medium- to long-term downtrend.

Key technical indicators provide more nuanced insights. The 14-day Relative Strength Index (RSI) is at 37.38, in the neutral zone, suggesting the market is not in an extreme oversold state but momentum is weak.

Analysts have identified key price levels: $2.79 is a recent support level; if broken, the price could drop to $2.75 or even $2.67.

On the upside, $2.90 is the first significant resistance, with stronger resistance near $2.98 and $3.02. Currently, the price fluctuates within a narrow range of $2.82 to $2.94, with no clear breakout direction.

03 Fundamental Aspects: Beyond Price, the Vision of “Internet Computer”

Beyond short-term price fluctuations, the Internet Computer project carries a grand technological vision. It is positioned as a decentralized cloud blockchain aiming to build an environment capable of hosting applications, websites, and enterprise systems entirely on-chain.

One of its core innovations is developing into a “self-writing cloud,” where natural language and AI interactions can automatically generate and deploy complex applications. Its native tool, Caffeine AI, embodies this concept.

In ecosystem development, ICP allows its smart contracts (called “canisters”) to interact trustlessly with other blockchain networks like Bitcoin, opening new possibilities for cross-chain decentralized finance applications.

The project’s active development is a positive fundamental signal. According to third-party data monitoring, ICP’s code development activity in AI and big data crypto projects has ranked first in the past 30 days, demonstrating ongoing technical investment by the team.

04 Future Outlook: Potential Paths in Analysis and Prediction

Market analysis firms provide varied forecasts for ICP’s future price. In the short term, Coincodex predicts ICP may rise to around $2.99 within a month. Gate’s own forecast for the 2025 average price is approximately $19.87.

Looking further ahead, some predictions suggest that by 2030, ICP’s average price could reach $38.95, offering substantial potential returns. Of course, these forecasts are based on models and assumptions; actual trends will be influenced by technological development, market adoption, team execution, and overall crypto market cycles.

From a risk and opportunity perspective, factors that could drive ICP’s value include widespread adoption of its AI-driven development platform, successful integration with other blockchain ecosystems, and expanding market share in decentralized cloud services.

05 Trading Guide: How to Trade ICP on Gate

For investors interested in ICP, Gate offers multiple convenient trading options. The platform supports spot trading pairs such as ICP/USDT, ICP/ETH, ICP/USDC, as well as ICP/USDT perpetual contracts to meet different trader needs.

Gate’s price conversion tool is very intuitive. Users can easily check the USD value of any amount of ICP. For example, data shows that 10 ICP is worth about $28.36, while 1,000 ICP is approximately $2,836.

Users only need to input the amount of ICP they plan to trade, select the target currency (e.g., USD), and the system will instantly display the conversion based on the latest exchange rate, making the process clear and simple.

All data, including real-time prices, changes, and market cap information, are dynamically updated on Gate’s dedicated ICP page, providing timely information for trading decisions.

Future Outlook

Over the past month, ICP’s development activity ranked first among similar projects, with code commits surpassing Chainlink and NEAR Protocol. Continuous technical development is the foundation of its long-term value.

When the market is in “extreme fear” at an index of 21, contrarian investors often see opportunities. Price fluctuations may continue in the short term, but the ultimate direction of ICP depends on whether its vision of building a “self-writing cloud” can move from whitepaper to large-scale real-world application.