Internet Computer (ICP) is drawing renewed investor attention as analysts evaluate its potential for a long-term recovery. The token is trading at $2.07 with a market cap of $1.14 billion, but remains 230x below its all-time high of $461. The network’s strong performance metrics are bolstering its case, having recorded a transaction speed of 1,433 TPS, ranking it second among major blockchains. This scalability achievement reinforces ICP’s position as a competitive Layer-1 network capable of supporting complex decentralized applications.
Internet Computer (ICP) is attracting renewed attention as analysts assess its long-term recovery potential. Strong blockchain performance and growing scalability have reinforced confidence in the network.
At the time of writing, ICP is trading at $2.07, with a 24-hour trading volume of $26.02 million and a market capitalization of $1.14 billion. The token’s improving price structure and network growth point to potential momentum ahead.
According to analyst Crypto Patel, ICP has returned to the spotlight as investors debate whether the cryptocurrency can reclaim its previous all-time high of $461. Currently trading near $2, ICP would need to deliver a 230-fold rally to revisit that peak.
Further ecosystem development and overall crypto market strength could positively affect ICP’s prospects. However, getting back to its previous peak would require extremely high demand, network adoption, and investment inflow.
Data from Chainspect highlighted that Internet Computer achieved 1,433 transactions per second (TPS), placing it second in terms of latest throughputs. Solana topped the chart with 1,808 TPS, followed by BNB Chain with 172 TPS.
With this throughput performance, ICP is further establishing itself as a fast Layer-1 blockchain that can support complex dApps, DeFi platforms, games, and artificial intelligence services. The network is continually reducing the performance gap with Solana.
ICP’s recovery will depend on expanding its ecosystem, developer participation, and adoption rate. The token will need to return to resistance levels and draw more investments to confirm a long-term bullish reversal.
