ICP (Internet Computer Protocol) is one of the most ambitious projects in the world of cryptocurrencies. It was launched by the DFINITY Foundation, aiming to completely reinvent the internet by providing a decentralized network that hosts applications, websites, and services without the need for central servers (like Amazon AWS or Google Cloud).
🔍 Basic Information about ICP
Full name Internet Computer Protocol
Token ICP
Launch date May 2021
Blockchain Specific to the DFINITY project (not Ethereum or Solana)
Goal To build a fully decentralized internet
Usage Running smart applications (Smart Contracts), data storage, creating decentralized internet services
✅ Features of ICp Currency
1. Ambitious project: Aims to make the entire internet operate on blockchain, not just decentralized finance.
2. Strong technology: Supports 'canister smart contracts' which allow building complete applications without the need for any central party.
3. High speed: Response time is almost instantaneous, and execution costs are low.
4. Institutional support: Managed by a non-profit organization (DFINITY) and funded with hundreds of millions of dollars from major investors.
❌ Disadvantages and Concerns
1. Sharp price drop: Since its launch at a price of ~450$ in 2021, it has dropped to below 10$, raising concerns of initial hype.
2. Complexity of the concept: Difficult to understand even for experienced investors.
3. Low adoption currently: Despite the strength of the technology, not many large applications have migrated to it yet.
4. DFINITY Control: Some critics see that DFINITY controls the network significantly, which undermines the concept of decentralization.
📊 Future Projections
Short term (2024-2025): If the bull market continues, it may reach $15-25.
Medium term (2026): With increased adoption, perhaps $30–50.
Long term (2030): If the project's vision succeeds, some analysts expect $100+, but this is conditional on widespread adoption of the technology.
🤔 My candid opinion
ICP currency is a huge and very ambitious project, and it may bring about a real revolution in the world of the internet.
But it is not just for quick speculation, but for long-term investment.
Requires patience and constant follow-up as its success depends on the adoption by real companies and developers of its technology.
It can be considered a high-risk – high-reward project.
✅ Would I recommend it?
✔ Yes: If you believe in the future of the decentralized web and have the ability for endurance and patience.
❌ No: If you are only looking for quick profits or cannot handle market volatility.