This 1inch price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of the 1INCH token has the potential to rise up to $10 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy 1INCH tokens.
“1inch could easily end up in the top 25”-Andrew Jones.
News about the 1inch platform
- 6 Questions for Anton Bukov of 1inch Network
- 1inch Network closes $175 million Series B, aims to serve institutional customers
When it comes to buying cryptocurrencies, the majority of people rely on centralized exchanges like Binance. The majority of centralized exchanges are controlled and governed by the company that runs the exchange.
Any investors are required to entrust their funds to the control of the company and trade via a traditional order book system to facilitate trading. Decentralized exchanges, like Uniswap and SushiSwap, aim to change this.
However, crypto prices on decentralized exchanges can vary widely. In order to find the most cost-effective deal for investors, the 1inch platform designed an algorithm to find the cheapest trades out of all the different exchanges and liquidity protocols.
Naturally, this has led to 1inch growing enormously in popularity due to the efficient trading tools it can offer crypto investors. Its value and future price predictions have also surged in sync with its growing popularity.
But are you wondering if it’s too late to start investing in 1inch? You’re not alone, many people are curious about whether investing now is a good idea. I was one of those people until I began to use a range of factors to research the future price of 1inch such as:
- Opinions of the overall crypto community
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors and partnerships
By analyzing all of these factors, I was able to find out that there’s rarely a bad time to invest. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our 1inch price prediction aims to answer all. But first, let’s start with just what this digital asset is and how it works.
What is 1inch?
1inch can trace its roots back to 2019 when it was founded by Sergej Kunz and Anton Bukov at the ETHNewYork hackathon. Thanks to partnerships with major crypto names such as Binance Labs and Pantera Capital it went on to raise around $15 million in funding. But what exactly is it?
Put simply, the primary role of 1inch is to function as a DEX aggregator that scrapes a selection of decentralized exchanges in search of the cheapest prices for investors. Once it locks onto the cheapest price, it reroutes its client’s trades between them to provide them with the best possible value.
Like many other crypto projects, the 1inch platform has its own native cryptocurrency known as the 1INCH token. Launched on Christmas Day in 2020, its main role is to function as a “governance token” that lets users vote on the way that the 1inch platform is run.
As well as major exchanges and renowned brokers like eToro, 1INCH tokens can be obtained by providing liquidity to 1inch’s liquidity platform. This sees crypto holders staking digital assets that other people can use when placing trades.
Like Bitcoin, the total supply of 1INCH is capped. It has a total supply of 1.5 billion and there are currently around 72 million tokens in circulation. It has a market cap of around $175 million.
Pros and cons
Like many other cryptocurrency platforms, 1inch naturally has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of this DEX aggregator.
|✔️ Aside from basic network fees, there are no fees involved in using the 1inch platform.||❌ The lack of deposit methods can be discouraging to some crypto traders.|
|✔️ So far, the 1inch exchange boasts a good record of having suffered no hacking or security breaches.|
|✔️ Thanks to the CHI token, transaction costs are massively reduced.|
Frequently asked questions
Do you still have questions about the 1INCH token? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about this DEX aggregator to give you a better understanding of the original digital asset and its price potential.
Who uses 1inch?
1inch is used by those seeking a reliable DEX aggregator in order to overcome the common price fluctuations on crypto exchanges and obtain digital assets at the best possible price. In addition, the 1INCH token is used as both an instant governance token as well as a liquidity tool to potentially make a return on investment by day trading or long-term investing.
Is the 1inch platform safe?
As a non-custodial DEX aggregator platform, 1inch is considered both secure and safe. By nature, it means they never have possession of their user’s digital coins or private keys.
How does 1INCH gain value?
Like most cryptocurrencies, the value of 1INCH is largely driven by speculation in its current state. As more people discover the wide range of its uses as a reliable DEX aggregator, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for it is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can 1INCH reach $10 per token?
Based on its recent price surges and innovative nature of being a DEX aggregator with a growing userbase looking to buy a cryptocurrency for the best deal, it’s possible that 1inch’s native token could reach $10 per token. However, this would be in the long term.
Where do people buy, sell, and trade 1INCH tokens?
You’ll be pleased to know that a number of leading crypto exchanges and brokers have added the innovative 1INCH token to their list of offered crypto assets. But if you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Expert analysis of the 1inch price potential
One of the best tools we can use to try and determine the potential future price of 1INCH is to analyze the opinions of various crypto experts. Let’s delve into some estimated growth outlooks for various industry experts and analysts.
The up-and-coming Youtube channel Altcoin Radar provides a number of in-depth analysis videos on various crypto assets. When it comes to their long-term 1inch price prediction, they believe it’s possible for it to reach $50 per coin based on a $10 billion market cap. However, this is indeed a very long-term prediction.
Reddit community opinion
Overall, the Reddit crypto community believes that 1INCH is undervalued and has great potential. Generally, they believe that the forecasted price of the native token could be around $5 at the bare minimum.
Crypto Never Sleeps
A popular Youtuber who is known as Crypto Never Sleeps recently released a 1inch price prediction that combined various expert analyses to come up with a solid-looking forecast. Overall, he predicts that the 1INCH token has the potential to reach a figure between $17 and $374 between now and the year 2025.
Crypto with James
the ‘Crypto With James’ Youtube channel believes that 1inch is arguably one of the best Defi aggregators in the crypto sphere and is extremely undervalued. His long-term prediction on 1INCH token is a potential price of $22.50 over the long term.
So from over $5 per token all the way to over $300 in the long term, you can see that the overall expert analysis on the future price of 1INCH token varies wildly. However, one defining factor is that it is overwhelmingly bullish with some potentially lucrative returns in store for investors if these forecasts are realized. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the price potential
Now we move on to technical analysis to try and predict the future price of 1INCH. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
1inch Price Prediction 2022 – 2023
It’s predicted that by the end of the year 2022, the price of a 1INCH token could reach a potential price of between $4.18 and $5.19.
1inch Price Prediction 2023 – 2024
After possibly starting the year at over $5 it’s predicted that by the end of 2023, the price of 1inch’s native token could reach a potential price of between $5.95 and $7.13.
1inch Price Prediction 2024 – 2025
It’s predicted that by the end of 2024 and the start of 2025, the price of 1INCH could reach its highest levels yet. The technical analysis predicts it to reach a potential price of between $8.92 and $10.42.
In summary, the 1inch platform and its native governance token have shown enormous potential in their short time on the crypto scene. Not only do they show a tremendous range of real-world usage by offering serious value to the average crypto user, but the expert insight and technical analysis also combine to predict a potentially fruitful price prediction for the future of 1inch.
Whilst many people can see the significant potential in 1inch, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy 1inch?
1inch is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on 1inch. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. 1inch is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of 1inch and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.