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Internet Computer price forecast: how will the BTC and ETH integration shape the value of ICP?

By:
on Feb 1, 2022
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  • ICP’s value increased by 4% in the last 24 hours.
  • The token has potential for growth throughout 2022.
  • This is a solid point in time to buy the ICP token.

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Internet Computer ICP/USD is a blockchain network that runs at web speed and serves content on the web. 

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It was created as a means of enabling developers, organizations as well as other parties to build and deploy secure, autonomous, and tamper-proof canisters. ICP is the native cryptocurrency token that powers it.

The BTC and ETH integration as a catalyst for growth

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On January 5, we covered how ICP gained 13.8% at the Terabithia bridge launch.

The DFTINITY-based Internet Computer protocol announced that it would integrate both Bitcoin BTC/USD and Ethereum ETH/USD throughout the year.

In 2021, DFINITY introduced what is known as a Canister, which is a smart version of smart contracts which run at web speed and can measure hundreds of user requests at a single time.

This integration will help to avoid any malicious activity, and the BTC integration will be launched as part of the Chromium Satoshi Release, while the ETH integration with the Vanadium Vitalik Release.

Chromium Satoshi will be released in the first quarter of 2022, while the Vanadium Vitalik Release is planned for Q3 of 2022.

The main idea behind this venture and its goal is to apply smart contracts through the utilization of Chain Key cryptography within the Bitcoin blockchain and, as such, block any malicious activities which have historically occurred within the crypto industry.

Should you buy Internet Computer (ICP)?

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On February 1, 2022, Internet Computer (ICP) had a value of $19.8.

To truly get a better perspective as to what this value point means for the ICP cryptocurrency, we will be going over the token’s all-time high value, as well as its performance in January. 

The all-time high value of Internet Computer (ICP) was on May 10, 2021, when it reached a value of $700.65. This made the token, at the time, $680.85 higher in value or by 3438%.

In terms of the performance throughout the previous month, Internet Computer (ICP), its highest value was on January 5, when it reached a value of $37.25.

Its lowest value point was on January 24, when it reached a value of $18.77. This gives us an indication that the token decreased in value by $18.48 or by 49%.

With all of this in mind, at $19.8, ICP is a solid buy as it can reach $25 by the end of March 2022.

Internet Computer Crypto Trading Ideas