Decentralised finance is the new black. It’s not hard to see this crypto space is blooming, full of promise and potential. One of the main enablers of this progress is the 1inch aggregator. We prepared this 1inch price prediction to help you learn why this tool is so valuable.
New crypto tokens and DApps are springing up left and right, discovering new applications for cryptocurrencies. To make the most of the crypto market, modern traders have to switch from one coin to another frequently. But this can be a costly and time-consuming endeavour.
Not with the 1inch aggregator! This unique solution identifies the best exchange rates for crypto tokens, allowing investors to stay at the top of their game at all times. It’s an indispensable tool for everyone who wishes to be successful — and the demand for it keeps rising. Its market cap might be modest now, but things will change soon.
As the demand for DeFi grows, experts predict 1inch will soar in popularity, and so would its native token. In fact, we might be seeing its last few weeks of weakness before it explodes again. Where will you be when that happens?
We scoured the web for information to help you prepare for the future. Our 1inch price prediction will show you why this token is so special and how you may profit from it. Let’s get started!
The Latest News about 1inch
In December 2021, the 1inch network made its first steps into GameFi. The company launched a game called DeFi Racer, allowing players to earn as they play. There have already been DeFi Racer contests where people won 1INCH tokens as a reward.
GameFi, which is under the umbrella of decentralised finance, is one of the hottest areas in the cryptocurrency market right now. Other networks are also developing GameFi solutions to expand the application and adoption of crypto tokens.
Furthermore, in February 2022, 1inch launched Earn, a product involving stablecoin liquidity pools. According to the network, 1inch Earn offers annual returns of 5-10%. These rates are very competitive and will likely increase investor interest in the 1inch ecosystem.
Though these developments were exciting enough, 1inch announced yet another improvement to its services in March. More specifically, the network opened a P2P swap system. The newest feature will allow users to swap crypto coins amongst each other without any middlemen.
The events from the last couple of months prove that 1inch is a platform working on many upgrades. New applications and features always bode well for cryptocurrencies.
1INCH Technical Analysis & Price History
To learn more about the potential future of 1INCH, we’ll first use the tools of technical analysis. We are also going to look at the token’s past. However, note that price history is not a guarantee for the future price of an asset.
Price History
According to CoinMarketCap, 1INCH began its journey around the $2.30 mark and suffered an immediate drop in value. Then came 2021, and the token started experiencing a bullish trend. The latter culminated in an all-time high at $7.44 in May 2021.
A decrease followed this price maximum as investors collected their profits. 1inch managed to recover to its second maximum price of $5.67 in October but has been trending lower ever since.
The recent retreat is due to more profit-taking, plus a general lull in the crypto space affecting all tokens.
The current price of 1INCH at the time of writing is around $1.27.
Technical Analysis
Technical oscillators recommend a sell, while the moving averages are even more confident on the daily chart. However, oscillators are more neutral on the weekly chart (MAs still recommend a strong sell).
Things get interesting on the monthly chart. There, the moving averages lean towards a sell, but the oscillators give a strong buy signal, so the overall technical recommendation is to buy 1INCH.
1INCH Price Predictions
Now that we have looked at the technical and fundamental overview of 1INCH, we can make forecasts about its future price. We are also substantiating our analysis with Trading Beasts and Price Prediction data.
1INCH Price Prediction 2022
Our price forecast for 1INCH this year is $1.92. This level is the maximum price we expect in 2022, though it may take the whole year before the coin manages to reach it.
1INCH Price Prediction 2023
Next year, it’s realistic to see a climb to $2.83. Price Prediction is a lot more optimistic, seeing 1INCH at the highest price of $5.95, but the whole crypto market has to perform well for this to be possible.
1INCH Price Prediction 2024
Trading Beasts expects the 1inch token to reach $3.6 in 2024. Price Prediction is again aiming higher, predicting a new ATH of $8.64. The minimum price forecast for 2024 is $1.97.
1INCH Price Prediction 2025
As for 2025, we anticipate a price rise to about $4.20 on the cautious end of the spectrum. Price Prediction made a 1INCH price forecast of $12.55 for the same year.
As you can see, there is a lot of variance in these 1INCH price forecasts. While we may hope for the best, it’s good to prepare for more moderate growth as well.
How Do the Experts View the 1Inch Protocol?
The Coin Bureau gave the 1inch protocol a rave review. He highlighted that it solves some issues present on DEXs and admitted using the service himself. He sees 1inch as a valuable player in the DeFi sector in the future, which means he has a bullish 1inch network price prediction.
Crypto Never Sleeps praised 1inch for consistently finding the best exchange rates for cryptocurrencies. He believes that the aggregator will remain important and has a bright future ahead.
Everything Worth Knowing about 1inch
Even if you’re not new to crypto trading, you might not have heard of 1inch before. Or perhaps you’ve heard of it, but you’re not familiar with it in detail.
There is a two-fold reason for this. First, 1inch is relatively new — it launched in 2019, while its token appeared in 2020. Secondly, 1inch is rather unique as far as crypto services go. What do we mean by that?
Well, 1inch uses blockchain technology, yet it is not a standalone network like Bitcoin or Ethereum, for instance. In fact, it was built on Ethereum to gain access to smart contracts and be part of the DeFi space.
So, what is 1inch exactly? The most accurate description is a DEX aggregator. DEXs are decentralised exchanges where users can turn one crypto token into another without intermediaries.
There are plenty of DEXs out there — SushiSwap, Uniswap, etc. But they don’t always offer the same exchange rates, plus their gas fees might differ.
Here’s where 1inch steps in. Its aggregation protocol scans all DEXs it supports to find the most optimal exchange rate for your desired transaction. It takes into account all applicable fees. Moreover, it can even split your transaction over several DEXs if that’s the most affordable way.
It doesn’t sound very easy, but 1inch handles all of these tasks in one go. Thus, for the user, everything feels like one simple transaction. In this way, 1inch saves people time and money, and makes exchanging currencies easier than ever.
What about the 1INCH Token?
The aggregator has a native token — 1INCH. Its primary use is in governance. In particular, token holders can decide how fees and spreads are distributed, affecting investor profitability.
Users can also hold the token, stake it, spend it, etc. It’s possible to get passive income from interest rates on the 1inch network.
Overall, the 1INCH token has quite a diverse list of applications, all of which add to its value. Its current market capitalization is about $526 million.
Where to Buy 1INCH
If you want to get a hold of this token, you can exchange other crypto tokens for it using the DEX of your choice. In addition, you can also trade it with a trusted broker like eToro. Going the broker route will put more options at your disposal and give you the chance to try trading other assets as well. For instance, you can give Forex trading a go or invest in stocks, and even other cryptocurrencies.
1inch Price Prediction FAQs
Looking for more information? We have answered some of the most frequently asked questions about 1inch in this section.
Is 1inch a Good Investment?
No one knows for sure if 1inch is a worthwhile investment. What we can clearly see is that the 1inch aggregator is crucial to the world of DeFi. It saves traders and investors time and money, and works with all major crypto exchanges. Thus, it doesn’t seem like 1inch has a good competitor. As interest in decentralised finance continues to rise, 1inch will likely benefit.
Will 1inch Go Up?
Considering the rising demand for DeFi solutions, it is likely for 1inch to become even more popular. This, in turn, might drive the price of its native token up.
What Will 1INCH Be Worth in 2025?
The 1inch price forecasts for 2025 range between $4.20 and $12.55. Based on these numbers, the average forecast price is about $8. Higher numbers are possible if the cryptocurrency market starts trending up again.
What Does the 1inch Coin Do?
The 1inch token fulfils many functions, but it’s chiefly a governance and utility token. It allows token holders to have a say in how the aggregator runs. Besides that, it can be staked, bought, sold, held, etc., for additional profit.
Disclaimer in our 1inch Price Prediction
Financial trading poses a risk to your capital. Never invest more money than you are prepared to lose. The information presented in this article cannot be considered investment advice. We urge you to do your own research and consult a professional before making investment decisions.
