Internet Computer (ICP) reached an all-time high above $700 in May 2021, but the token has since collapsed and now trades around $2.06, representing a 99.7% decline from its peak. Its market capitalization has shrunk to approximately $1.14 billion, ranking it as the 60th-largest cryptocurrency. Some analysts remain optimistic, citing sustained accumulation over the past month and a potential rebound toward $9 as long as the price holds above $1.94. Others are pessimistic, forecasting a continued decline toward $1.67, or even $0.50 if the key $2 support level breaks.
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