In the blockchain world, 1inch is one of the most extensively used networks. The 1inch first protocol is a decentralized exchange (DEX) that searches the blockchain for the best feasible paths to deliver the highest exchange rates and lucrative chances to its customers. 1inch employs a pathfinder algorithm that searches over 60 different locations across Ethereum, Binance, Arbitrum, and Polygon.
1inch Liquidity Protocol is an AMM (automated market maker) that gives its consumers a number of options. Flexible order limits, trailing stop losses, dynamic pricing, and conditional orders are just a few of the features available. 1inch has a plethora of options for its users. 1inch also has a wallet that allows users to make secure transactions and stake their coins.
Price Movement
Before the crash in July, the coin was being traded at the price of $7.875. It later fell down to the price of $1.618. It quickly moved upwards and tried to test its ATH around the price of $7.730 in November. At the time of writing this article, The 1inch Network is being traded at a price of $2.34. The price has almost decreased by 5% today. On the monthly time frame, we have seen a decrease of almost 35%. It is still very far away from its ATH.
The Total volume at the moment is $66,783,012 with a decrease of 8.60% in the past 24 hours. The coin is listed on coinmarketcap on the 88th spot and has a market dominance of about 0.05%.
The coin has a finite supply, the total supply of the coin is around 1.5B while the circulating supply is around 421M.
Price Prediction – 1inch Network (1INCH )
In the long run, it is a highly good opportunity. According to the wallet investor, the price of the coin is to reach a value of $559.20 in a year. For a five-year plan, the price will reach a value of $1770. The way the price of 1INCH has grown, the traders are even more bullish on the value and they think that it will reach even more.
