1 month ago By Blockchain Mata
As we dive into 1inch network, 1 INCH Price Prediction, it is worthy to note that all the given values could change day by day from exchange to exchange. If you’re looking to invest in cryptocurrencies and earn a good return on your investment, please do proper research to discover what experts expect from each cryptocurrency.
1inch is a decentralized exchange aggregator that aims to provide traders with the best price and lowest fees on their transaction.
Built on the Ethereum blockchain, 1inch was founded in May 2019 by Surjey Kunz and Anton Bukov during an ETHGlobal hackathon. Kunz previously worked as a software engineer for Porsche, while Bukov was a developer who previously worked on the NEAR Protocol.
Currently, 1inch Network (1INCH) is on rank #91 with a price of $0.68 according to Coinmarketcap.
It has $562.23 Million (562,231,052.81 1INCH) circulating supply, and $1.5 Billion (1,500,000,000 1INCH) total supply.
As of time of writing, its maximum supply is N/A, its market capitalization is $384.46 Million ($384,459,736.17), and its fully diluted market capitalization is $1.03 Billion ($1,025,716,387.18).
Presently, 1INCH has decreased by -2.16% in the last 24 hours. Its latest 24h hour volume is $44.56 Million ($44,557,631.02), which is massive and impressive.
The price of 1inch Network increased by 11.47% during the last 7 days.
Over the last month, the price of 1inch Network has decreased by -2.13%.
The price of 1inch is driven by several factors. The most important factor that drives the price of 1inchis its popularity. The more popular a cryptocurrency is, the higher its value will be, as demand increases and supply decreases. As such, for a cryptocurrency to be worth any money at all, it needs to be popular.
Another factor that influences the price of 1inch is its liquidity.
If you look at most cryptocurrencies, they have very low trading volumes and liquidity. This means that they are not easy to buy or sell, which makes them unattractive for investors looking for high returns on their investments.
However, when you compare this with other coins such as Bitcoin and Ethereum, you see that these two coins have very high trading volumes and liquidity levels.
This means that these two coins are more attractive for investors looking for high returns on their investments than other cryptocurrencies such as baby doge.
The price of 1inch just like any cryptocurrency is also driven by the following factors:
1inch had made its way to 2022 in a downtrend and is forecasted to move as follows in the coming months;
The 1inch price is forecasted to reach $0.9223755 by the beginning of August 2022. The expected maximum price is $1.1529693, minimum price $0.7840191. The 1inch price prediction for the end of the month is $0.9223755.
The 1inch price is forecasted to reach $0.9037426 by the beginning of September 2022. The expected maximum price is $1.1296783, minimum price $0.7681812. The 1inch price prediction for the end of the month is $0.9037426.
The 1inch price is forecasted to reach $0.8859674 by the beginning of October 2022. The expected maximum price is $1.1074592, minimum price $0.7530722. The 1inch price prediction for the end of the month is $0.8859674.
The 1inch price is forecasted to reach $0.8701150 by the beginning of November 2022. The expected maximum price is $1.0876437, minimum price $0.7395977. The 1inch price prediction for the end of the month is $0.8701150.
The 1inch price is forecasted to reach $0.8557657 by the beginning of December 2022. The expected maximum price is $1.0697071, minimum price $0.7274009. The 1inch price prediction for the end of the month is $0.8557657.
According to Trading Beasts, by the end of 2022, 1inch could trade around with an average price of $0.8445139. The price may also shoot up to $0.8445139 by the beginning of January 2023.
Trading Beasts expects the 1inch price to move up to a maximum of $1.8457153, by the end of 2025. The firm expects the average and minimum possibilities for December 2025 lies at $1.4765723 and $1.2550864.
Long Forecast predicts that 1inch will trade with a maximum price tag of $6.16 by December 2022. And by the end of 2023, the price could settle at its potential high of $7.99. The price is expected to decline and maintain a narrow trend until the end of 2025. Which could land the maximum price at $9.27.
According to Digital Coin Price, 1inch could trade around its regular price of $0.95 by the end of 2022. Further, the price may trade around its potential high of $1.07 by December of 2023. The firm anticipates 1inch price to close its trade for 2025, with a maximum price of $1.43.
As per Wallet Investor’s forecast, 1inch 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.
However, the firm states that by 2026, there is a chance that 1inch will hit $0.288 which would be a significant drop from the current market sentiment. Things are not all that optimistic for the long term as by 2031, it is projected to fall again to $0.014.
If the team behind 1inch network rolls out major developmental upgrades. The network would find more buyers and adopters. In such a case, the price of 1INCH might hit its potential high of $1.91. On the down side, ebbing stance and stiffer competition might leave the price at $1.59.
The 1INCH price prediction for 2025 is USD 4. This is from the price of 1inch today. Based on our forecasts, we think that the 1INCH price will be up throughout 2023.
We think that the 1INCH price will increase further by the end of 2025: this is a forecasted value based on the algorithm’s predictions for the 1INCH market and the correlation between Bitcoin and 1INCH.
If the market experiences a similar crash in the coming years, 1INCH’s price can drop down greatly to $17.32. Also considering that long-term investors will stick to the currency. The average price at which 1INCH might trade by the end of the next five years is $25.77.
As of the time of this writing, the current price of the 1INCH is around USD 0.68.
By the end of 2022, we predict a rise in the value of the 1INCH coin, with an average price of $1.39.
The 1INCH price forecast for 2025 is an average of $4. The coin could go higher and hit the $5.80 mark.
1INCH tokens can be bought on cryptocurrency exchanges like Binance, Coinbase, Uniswap, KuCoin, Gemini, and PancakeSwap.
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