When forecasting the future price of a particular cryptocurrency, it is highly recommended that careful considerations be made. Since the crypto markets are full of surprises, it is considered one of the most volatile markets, if not the most volatile.
Aiming to provide the best rates by discovering the most efficient swapping routes across all leading DEXes, 1inch collates and aggregates token prices across a range of decentralized exchanges to seek out the best deals for clients.
Good news for 1Inch investors in 2022, the blockchain is launching a documentation portal to help technical analysts gain access to crucial detailed descriptions of protocols on the platform. Here is a tweet from the official 1inch network Twitter profile announcing the new feature:
The 1inch aggregation protocol uses the Pathfinder Algorithm to find the best prices from more than 60 liquidity sources on Ethereum, more than 30 on Binance, and more than 30 liquidity sources on Polygon Optimistic Ethereum and Arbitrum.
The DeFi Racer game isn’t a separate app for newbies and is integrated into the #1inchWallet for #iOS. Don’t forget to check out the Prize Leaderboard and get more info on how many tokens you can receive. The overall prize pool is 10K 1INCH tokens. To get more from a platform, check out their social media platforms.
Today’s 1inch Network price is $0.627107 USD with a 24-hour trading volume of $26,917,081. 1inch Network is up 0.72% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $350,475,486. It has a circulating supply of 558,876,734 1INCH coins and the max. supply is not available.
What is 1inch?
1inch is the utility token for the 1inch network. 1inch is a DEX aggregator. 1inch exchange is developed to ease and convenience for DeFi users to obtain better services within the DeFi space.
An aggregator like 1inch derives its liquidity from several other DEXs and pools them into one platform. The pooling allows the DEX aggregator to offer its users the best swapping rates possible, beating all the individual DEX platforms like Uniswap and Sushiswap due to its vast liquidity provider pool.
Additionally, 1inch has undergone tremendous changes in its core over the years, and today, the platform embraces the Decentralized Autonomous Organization model.
The DAO model allows 1inch users to be more involved in shaping up the future direction 1inch, giving investors a significant level of control that isn’t available on other platforms.
1inch was launched in 2020 and has since realized impressive gains. It serves as the utility token for the 1inch platform, and holders use it to vote within the DAO model.
The liquidity pools created by the aggregation model ensure that 1inch stays ahead of other regular DEX platforms indicating that the future is bright, and investors are beginning to consider it as a good investment.
1inch Technical Analysis
1inch price analysis shows the digital asset has been trading between a range of $0.88 to $0.619 in the last month, making higher lows and higher highs.1inch current price is $0.6195, an increase of $2.64 percent in the last 24 hours. Bulls have defended the key support line of $0.6 and are aiming for a breakout at $0.88.
This digital asset is currently trading above the moving averages which indicate that the bulls are in control of the market. The MACD shows decreasing bullish momentum as the MACD line (blue) crosses below the signal line. However, the RSI is close to the overbought levels, which indicates that the bulls might take a breather soon.
The 200 MA line is trading at $0.7 and if the bulls can push the price above this, we can expect a further rally towards the $1 mark. However, if the bears take control, a drop to $0.5 is possible. The 50-day SMA is currently at $0.8 and the bulls need to push the price above this to resume the uptrend.
1inch price is expected to reach $0.88 if the bulls can break out of the resistance at $0.7. The digital asset has strong support at $0.6, which is likely to hold in case of a sell-off. The 1inch/USD pair has formed a descending triangle pattern on the 4-hour chart. The breakout of this pattern can push the price towards the $0.88 level.
On the downside, if the bulls fail to defend the $0.6 support, a sell-off can extend to $0.5 levels. Prices are expected to resume the uptrend if the bulls can push the price above $0.88.
1inch Network Price Prediction 2022-2031
According to Wallet Investor’s 1inch price prediction, the cryptocurrency is projected to drop significantly before the end of 2022 and its price is likely to be 0.121 and would take a long time to recover.
By 2026, there is a chance that 1inch will hit $0.288 which would be a significant drop from the current market sentiment. However, things are not all that optimistic for the long term as by 2031, it is projected to fall again to 0.014.
DigitalCoinPrice suggests that 1INCH could be worth around $1.31 in September 2022. However, it expects the coin to be worth less than that towards the end of the year, trading at $1.24 in December 2022. The website’s 1inch price prediction for 2025 stands at $1.78 and the 1inch price prediction for 2030 is $4.30.
Price Prediction net
Price Prediction net is more opportunistic with its 1inch price prediction, suggesting that in 2022, the coin could trade at $3.36. By 2025, it expects the price to have risen to a maximum price of $24.23 and in 2030, it sees a significant increase with the cryptocurrency trading at $34.86 in 2031.
1inch Price Prediction 2022
In the year 2022,1inch price is expected to be in a bullish trend as the bulls push the price to a high of $1.28.The prices are expected to retrace slightly to an average price of $1.15 and a minimum price of $1.11.
1inch Price Prediction 2023
In the year 2023,1inch price is expected to continue its upward trend and reach a maximum trading price of $1.91. However, there is a strong possibility of a bearish trend taking over and pushing the prices down to an average price of $1.64 and a minimum price of $1.59.
1inch Price Prediction 2024
The year 2024 is expected to be a bullish year for 1inch as it is predicted to have a maximum price level of $2.73. an average trading price of $2.29 and a minimum price value of $2.22.
1inch Price Prediction 2025
In the year 2025, 1inch is predicted to have a minimum price of $3.27. However, there is a strong possibility that the prices might recover and reach an average price of $3.36 and a maximum price of $3.80.
1inch Price Prediction 2026
1inch price prediction 2026 projects the coin to reach a minimum value of $ 4.60. However, there is a strong possibility that the prices might recover and reach an average price of $4.74 and a maximum price value of $5.62.
1inch Price Prediction 2027
The year 2027 is expected to be a bullish year for 1inch as it is predicted to have a maximum price level of $8.00, an average trading value of $6.89, and a minimum trading price of $6.65
1inch Price Prediction 2028
In the year 2028, 1inch is predicted to have a minimum price of $9.47. However, there is a strong possibility that the prices might recover and reach an average price of $9.81 and a maximum price of $11.46.
1inch Price Prediction 2029
In 2029, the price is expected to reach new heights and have a maximum price of $16.46, an average price of $14.25, and a minimum price of $13.86.
1inch Price Prediction 2030
In the year 2030, 1inch is predicted to have a minimum price of $20.20. However, there is a strong possibility that the prices might recover and reach an average price of $20.91 and a maximum price of $24.42.
1inch Price Prediction 2031
The year 2031 is projected to witness mass crypto adoption and 1INCH is expected to be one of the leading cryptos. The 1inch is predicted to have a maximum price of $34.86, an average price of $30.09, and a minimum price of $29.25.
1inch Price Prediction by Industry Influencers
The current market situation is highly volatile, and predicting the future price of any cryptocurrency has become more difficult than ever. However, there are still a few industry influencers who have made their 1inch price predictions for the upcoming years.
According to market analysts Coin Bureau, who boast a youtube channel with over 2 million subscribers, the 1inch coin could be worth $35 by the year 2030. 1inch is likely to have a bright future as it is one of the most popular DeFi protocols in the industry.
1inch token is likely to continue soaring in the future with collaboration from other DeFi protocols. As the DeFi industry matures, 1inch is expected to play a leading role and could be worth over $35 by 2030. The staking program is also expected to attract more investors in the coming years. Overall, 1inch is a good long-term investment option with a bright future ahead. Investing is a very personal experience. Do your own research into the crypto market and attempt to stay on top of any changes to the 1inch Network that might improve its future chances.
1INCH is a cryptocurrency with a promising future that will drive the market price higher. It will dominate the digital kingdom while riding the crypto wave, and as a means of payment, it will have a lengthy reign for merchants.
1inch is a solid investment, but it’s always a good idea to do your homework before reading the market chart for price predictions and keeping an eye on demand and supply rise and fall patterns. There should be no heartbreaks or unrealistic expectations if you make a wise investment based on price projection and keep an eye on the website. 1inch has a good market capitalization, one of the other reasons it might prove to be a profitable investment.
Keep in mind that your selection should be dependent on your risk tolerance, market expertise, portfolio spread, and how comfortable you are with losing money. Always keep in mind that cryptocurrencies are very volatile investments, and previous performance is no guarantee of future outcomes. Never put more money into something than you can afford to lose.
Investing is a very personal experience. Do your own research into the crypto market and attempt to stay on top of any changes to the 1inch Network that might improve its future chances.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and consultation with a qualified professional before making any decisions.