Best Crypto To Buy Now: Internet Computer (ICP), Avalanche (AVAX), and Filecoin (FIL) — Which Could Hit 400%?

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2025 began with a sense of guarded optimism, as the acceptance and trust in cryptocurrencies increased, even amidst the challenging economic conditions. The combined value of all cryptocurrencies stands at approximately $3.35 trillion, and daily trading volumes surpass $60 billion, indicating robust activity and renewed interest.

In this setting, investors tend to choose initiatives that have solid foundations, practical applications, and potentially high, rapid growth. Among these, ICP and AVAX are standing out due to their powerful ecosystems and pioneering scalability features.

Internet Computer (ICP): Token Burn And Ecosystem Growth Can Push ICP Price For 30% Gains

The Internet Computer’s token (ICP) is experiencing a resurgence, marking its third consecutive day of price increase. Today, the token peaked at $12, representing a substantial rise from its December low of $8.83. This upward trend is being driven by an increasingly rapid token burn cycle, indicating growing practicality and worth for developers and users. Investors in ICP can look forward to further gains throughout 2025, as the price continues to climb in the coming months due to these catalysts unfolding.

It’s been revealed that the ICP burn rate has skyrocketed more than 8,800% compared to the same period last year, currently standing at a staggering 849 billion cycles. This surpasses the usual 90-day average of 512 billion cycles by a significant margin. This surge in burn rate suggests robust network activity and controlled supply, which helps combat inflation. The increase in the burn rate aligns with the ecosystem’s growth, as the number of canisters (smart contracts) on the Internet Computer network has reached an unprecedented high of 879,670 – a considerable jump from the 374,000 recorded at this time last year.

The platform is seeing increased usage for decentralized applications (dApps), which seems to be boosting the value of ICP. Its price surge has exceeded the $10.97 resistance level, and it now hovers above both its 50-day and 200-day moving averages.

ICP/USD weekly price chart: TradingView

The Fibonacci Retracement level at 50% serves as a crucial turning point, and Infinity Coin Price (ICP) has surpassed the $11.60 resistance barrier – this significant hurdle also marks the neckline of a double bottom pattern that formed around $9.40. This bullish breakout is interpreted as a buying opportunity, with traders anticipating further increases towards the next resistance at $15.58 – approximately 30% above the current ICP price. Recent market trends and technical indicators suggest continued upward momentum for ICP. Investors who purchase at $12 could potentially reap a 30% return up to $15.58, making ICP an attractive investment option.

Avalanche (AVAX): A Bullish Surge With Eyes On $50 And Beyond

In 2025, Avalanche (AVAX) is kicking off the year strong. With Bitcoin valued over $100,000 and some positive developments, the token has already surged by 28% this year and just crossed over $45. Financial experts are now predicting it could reach $50 and beyond, with a long-term projection of $126.03, which is approximately twice its current value.

A significant factor contributing to the price increase is the accumulation of large investors, often referred to as “whales.” Over the past 21 days, these whale wallets have acquired approximately 14.6 million AVAX, equating to around $600 million, as reported by IntoTheBlock. This buying trend occurred concurrently with Avalanche’s announcement of a $250 million fund for network improvements, and it contradicted the usual end-of-year sell-off pattern.

As a researcher examining the cryptocurrency market, I’ve observed an encouraging development with Avalanche (AVAX). It has successfully reclaimed its 20-day moving average, currently sitting at approximately $39.80. This serves as a solid technical foundation for potential further growth.

Additionally, AVAX has managed to break free from the prolonged downtrend that has dominated its trajectory throughout most of 2024. This breakout could signal a shift in its price action, potentially leading to positive momentum moving forward.

In simpler terms, the Relative Strength Index (RSI) shows a minor warning sign of a potential downtrend at 58, indicating that the token is currently overbought. However, it remains below significant thresholds, suggesting there’s still potential for price increases in the near future. If the price surpasses $45, we might see another attempt to reach $50 this week.

In simpler terms, the resistance for Avalanche (AVAX) stands at $47 (Keltner Channel upper band), while support is strong at both $35 and $40. This suggests that investors are in a secure position. Given Avalanche’s strong fundamentals and market sentiment, analysts predict the price could potentially reach $126.03 within a mid-term period, which represents a significant increase of 191% from its current value. If AVAX manages to surpass $126, it might continue to rise by another 90%, reaching an impressive $243 – a potential gain of 468% for investors. So, if you’re seeking optimistic AVAX forecasts for the year 2025, keep this in mind.

Filecoin: The Decentralized Storage Pioneer Poised For Explosive Growth Towards $30

Filecoin (FIL) is creating quite a stir in the cryptocurrency world as the leading contender for a decentralized storage solution. Following its listing on Bithumb, South Korea’s top exchange, FIL has surged by 12%, reaching $6.23 and recording a 25% increase over the past week. This listing has made FIL available in the KRW market, attracting new investors from around the globe.

As a researcher examining cryptocurrency markets, I found an intriguing surge in activity following the Bithumb listing of Filecoin. In just 24 hours, an impressive $712 million worth of futures trading volume was recorded, marking a substantial 200% increase, as reported by Coinglass. This upward momentum suggests heightened interest and engagement with the asset, as indicated by key metrics pointing towards increased activity and investor attention in Filecoin.

According to Coinglass, the total value of futures contracts (Open Interest) for Filecoin has risen from $242.34 million to an all-time high of $358.30 million since December 9th. This surge in Open Interest implies that fresh investments are being made, demand for buying is growing, and there’s a possibility that the price of FIL may increase in the near future.

The progress within Filecoin’s ecosystem is fueling its positive market trend. Key advancements such as Fast Finality (F3) and a 30% rise in storage utilization, as mentioned in Messari’s “The Crypto Theses 2025,” emphasize the increasing practical applications of this technology.

Filecoin (FIL) has surged into a bullish trend, bursting free from a long-standing symmetrical triangle – a technical pattern often followed by substantial price jumps. The leap above the $6 mark, accompanied by a significant surge in trading volume by 204% and an open interest increase of 20.47%, indicates a solid market belief and momentum. Experts now predict a mid-term price rise towards $30, which equates to a potential gain of around 400-500% from its current value.

The triangle pattern in Filecoin’s price chart, which broke above the $5.50-$6.00 zone, indicates an end to its downward trend. Following the break, Filecoin revisited the resistance level and made a new high, signifying the reversal of the trend. This technical setup, according to analysts, is often associated with significant price movements in the market.

The trading volume has significantly increased, rising by 244.57% to reach a staggering $881.64 million. This surge is a substantial leap from the range of $200-$400 million that the project had been recording between August and mid-November. This growth indicates a growing speculative interest, as traders are actively investing in Filecoin (FIL) due to its liquidity and price fluctuations.

Furthermore, DefiLlama indicates that Filecoin’s Total Value Locked (TVL) increased from $67.69 million on Tuesday to $89.7 million on Monday, marking an uptrend since late December. This surge in TVL suggests a rise in the number of individuals depositing or utilizing assets within FIL-centric protocols. These trends imply a positive market sentiment and bolster the optimistic perspective regarding Filecoin’s price movement.

Filecoin’s Total Value Locked (TVL) 

According to technical analysis, the current breakout might initiate an intermediate surge towards $30 for Filecoin investors, owing to its increasing popularity, potential expansion, and institutional backing. For those purchasing Filecoin right now at $6.23, this represents a significant potential return of 381%.

Final Thoughts

2025 looks promising for ICP, AVAX, and FIL as they surge due to expanding fundamentals and rising adoption. ICP is skyrocketing with token destruction and a spike in smart contract deployment. Whales are amassing AVAX, along with updates to its ecosystem aiming at $50 or more. FIL’s momentum continues with heightened trading volume, the launch of F3, and 30% growth in storage utilization. Based on their strong technical indicators, these three are expected to outshine most other cryptos. Keep an eye on them!

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2025-01-09 11:53