1inch Overview
The 1inch Network is a large Decentralized Exchange Aggregator and DeFi ecosystem. 1inch provides its users with the best price and lowest trading fees on every transaction by scanning multiple DEXs to find an optimal trade route.
1inch Current Market Status (UPDATED)
| Cryptocurrency | 1inch |
| Ticker Symbol | 1INCH |
| Current Price | $0.55897 |
| 24-Hour Price Change | -2.99% |
| Market Cap | $445,101,010 |
| Circulating Supply | 792,245,376 1INCH |
| All-Time High | $8.65 |
| All-Time Low | $0.37369 |
How does 1inch Work?
The 1inch network collects real-time prices of various cryptocurrencies from different exchanges and compares the prices to find you the cheapest trade. 1inch takes the multiple trades across the selected exchanges and combines them into a single trade, saving you on gas fees. This process happens within a few seconds and on a single platform, the 1inch exchange.
1inch saves a lot of time and effort for the traders who had to manually look out prices of cryptocurrencies on different exchanges and note them down to compare the prices later. 1inch has provided a solution for this real-life problem and helps identify traders with the optimal price across exchanges in a single platform.
Moreover, 1inch Network has a model called instant governance. This model gives holders more ownership of the platform and allows everybody to become a part of the governance process.
1inch Founders & Development
1inch is an Ethereum-based network founded by two Russian developers, Serjez Kunz and Anton Nukov, in May 2019. Kunz and Bukov had a background in smart contract security, and both attended the ETH NewYork hackathon, where they developed the 1inch aggregation protocol. The 1inch token and 1inch DAO were later released in December 2020.
1inch Partnerships & Funding
At that time, 1inch sourced liquidity from Bancor, Kyber and Uniswap. Currently, 1inch has raised around $14.8 million through funding and supports almost 80 different markets across multiple chains.
1INCH Crypto Price History and Chart
Using Binance as the data source, the 1INCH/USDT market was launched on 21st Dec 20. 1inch begin trading on Binance at the price of $0.196. 1inch had seven successive green candles after its launch, and in just 49 days, the 1inch price skyrocketed to $6.327. This was a massive price increase, and 1inch rose almost 3128.46% from its launch price, making new all-time highs during this period.
Gradually traders started to cash out their profits, and the price went down, but the charts suggest that traders and new investors were seeing this low price as an investment opportunity. On 3rd May, 1inch made a new all-time high of $7.87. After making a new all-time high, the price fell steeply, from $7.87 to as low as $1.76.
From May 2021 to Jan 2022, 1inch traded sideways in the price range of $1.761-$4.095. However, after multiple attempts, 1inch blew past the resistance of $4.095 on 25th Oct 2021 but was immediately pulled back into the sideways trade range.
1inch fell from its support of $1.761 and has since dropped below. At the time of writing, 1inch is trading at $0.608.
1INCH Technical Analysis
This fear and greed index has a current rating of D, meaning there is a lot of fear in the market related to 1inch. 1inch holders are fearful and are selling. Market sentiments aren’t strong regarding 1inch.
The Sharpe Ratio is rated A2. It means that the traders and investors will get more profit return per unit of risk. A2 rating means there are fewer chances of loss and more chances of getting profit out of 1inch trade.
Return on investment (ROI) is rated as D, which is not a good sign for traders and investors looking to buy 1inch. ROI is the total income related to the amount invested in a cryptocurrency.
ROI is useful for insights into how much profit can be generated from a crypto asset. A higher ROI rating means more profit generated, and a lower ROI means less profit generated.
Peak end value demand is rated B2 for 1inch. It measures the peak return over the previous month and the final return of the month.
The 10, 50 and 100-day moving average is rated D, meaning the price is relatively low from the past 10, 50 and 100 days. A low moving average rating is usually considered an investment opportunity since the price is very low, and a higher chance the price will go up.
1inch Price Prediction by Experts
“According to our 1INCH price prediction 2022, the token shall be around $1.84 by the end of 2022. And by 2026, it might trade around $2.47.”
Digital Coin Price
“Based on the latest news updates and forecasts, it is a great time to invest in 1INCH tokens as it may cross $5.217477 in 1 year.”
GOV Capital
“Starting 2022, 1INCH should show great potential, and the forecasted lowest price of 1INCH could be around the $5 mark.”
Reddit Community
1inch Price Prediction 2023
1inch is forecasted to reach $2.55 by the end of 2023. There are expected to be many ups and downs for 1inch this year. However, it’s expected that the token will finish the year on a high.
1inch Price Prediction 2024
1inch is expected to go past the $4 barrier this year. There can be several corrections during 2024, but 1inch is expected to end the year above $4.
1inch Price Prediction 2025
All past years have seen a gradual increase in 1inch’s price. It is forecasted that in 2025 there will be substantial price gains for 1inch, expected to make a new all-time high going past its previous all-time high of $7.87. 1inch is expected to end the year at around $12.
1inch Price Prediction 2026
After a massive surge in price, the 1inch token is forecasted to face pullbacks in 2026. Traders and investors will cash out profits, thus pushing the 1inch price further below. By the end of the year, 1inch is expected to be below $9.
1inch Price Prediction 2027
1inch is expected to drop down to $6.2 and may trade sideways in 2027. Some wicks can be expected above and below this price range, but it is estimated that 1inch will trade in the $6.2-$10 price range for 2027.
1inch Price Prediction 2028
1inch will be a bit slow this year as far as price gains are concerned. A downward trend is expected in 2028, and 1inch might drop to lower price levels. This correction will be necessary for 1inch to perform well in the coming years.
1inch Price Prediction 2029
It is predicted that 1inch will begin to gain momentum in 2029 after a year of correction and pullbacks. It is forecasted that 1inch will be quick to gain higher price levels this year, and by the end of 2029, 1inch should be trading around $12.
1inch Price Prediction 2030
It is expected that 1inch will indeed cross the $20.0 level by the end of 2030. Colossal price gains are forecasted for 1inch in 2030 and onwards as adoption grows.
Frequently Asked Questions
Is 1inch a good investment?
1inch has a rock-solid foundation and profitable business model. The platform’s founders have consistently delivered a reliable product that remains used within the crypto community. 1inch is expected to be a substantial investment in the long term.
Will 1inch ever reach $1 again?
Due to current market sentiments, the entire crypto ecosystem is facing a bearish downtrend. It is predicted that the markets will recover and, in turn, 1inch will return to sub $1 by the end of the year.
Is 1inch a scam or legit?
1inch has proven to be a legit project and is well respected in the decentralized ecosystem. However, we advised users to do the proper research before making any investment decisions.
Where can I buy 1inch?
1inch is available to purchase on select exchanges such as Binance or HitBTC. 1inch can also be swapped for ETH on any Ethereum-based decentralized exchange.
