Investing In 1-Inch Coins: A Smart Move?

1inch (1INCH) is a cryptocurrency and decentralized exchange (DEX) aggregator that connects several DEXes into one platform. It aims to be the one-stop platform for traders to access liquidity from various DEXes and liquidity protocols. The 1inch token runs on the Ethereum blockchain and was founded by former Porsche software engineer Sergej Kunz and former NEAR protocol smart contract developer Anton Bukov. As of June 2024, 1INCH has a market cap of $507 million and is ranked 134th among the most valuable currencies. In this article, we will explore whether 1INCH is a good investment and look at its price predictions for the coming years.

1inch's resilience to market downturns

1inch (1INCH) is a cryptocurrency and decentralized exchange (DEX) aggregator that connects several DEXes into one platform. This enables users to find the most efficient routes to swap their tokens across platforms. 1inch is also the governance token of the decentralized exchange of the same name.

As a new and expanding project, 1inch has shown resilience to market downturns. The 1INCH/USD pair has outperformed many cryptos as its price remained strong despite major market pullbacks. At the time of writing, 1inch is trading at $1.75, representing a month-over-month price increase of 27.78%. It is currently ranked #114 among the most valuable currencies by market cap, which is valued at $124 million.

In terms of investment, 1inch has raised over $14 million from companies such as Binance Labs, Pantera Capital, Blockchain Capital, and Nima Capital, to name a few. It has also established good partnerships with Tron and XBTC, enabling the network to provide faster and cheaper services with high-throughput scalability.

The 1inch token is already listed on major crypto exchanges such as Binance, OKex, and Huobi Global, making it easier for token holders to transfer and trade their funds.

Looking at the technical analysis, 1inch is currently in a healthy retracement period after reaching a high of $2.186. The cryptocurrency responds well to the 4-hour 50-period EMA, which acts as its immediate support. Analysts predict a long-term cup-with-handle base formation, with the current price acting out the "handle" part of the movement.

The 1inch RSI on the daily time frame is in a downtrend, sitting at 48.31 in the neutral part of the range. The hourly time frame shows 1inch's short-term fluctuations and a steady decrease in volume, possibly indicating an end to the downturn and a breakout of the cup-with-handle base formation.

Overall, 1inch's resilience to market downturns can be attributed to its strong fundamentals, well-known investors, and expanding partnerships.

1inch's successful investments

Overview

1INCH is a cryptocurrency and the governance token of a decentralized exchange aggregator platform called 1inch. It enables users to find the most efficient routes to swap their tokens across various decentralized exchanges (DEXes). The 1inch platform has gained traction, with a cumulative trading volume of nearly $6.6 billion, just 17 months after its founding.

Strong Investment and Partnerships

1inch has raised over $14 million from well-known companies such as Binance Labs, Pantera Capital, Galaxy Digital, Greenfield One, and Libertus Capital. It has also established good partnerships with Tron and XBTC, enabling the network to provide faster and cheaper services with high-throughput scalability.

Strong Market Performance

1INCH has outperformed many other cryptocurrencies, showing resilience to market downturns. It has achieved week-over-week gains of 27.74%, outperforming BTC and ETH over the same period. At the time of writing, 1INCH is ranked 114th in market capitalization, with a value of $124 million.

Technical Analysis

From a technical perspective, 1INCH is currently in a healthy retracement period after reaching a high of $2.186. It is responding well to the 4-hour 50-period EMA, which acts as immediate support. Analysts predict a long-term cup-with-handle base formation, with the current price acting out the "handle" part of the movement.

Future Outlook

While there is inherent volatility in the crypto market, 1INCH has demonstrated strong fundamentals and technical indicators that suggest it could be a successful investment. Its partnerships, investment backing, and market performance position it well for future growth.

In conclusion, 1INCH has shown promising signs as a successful investment, and its unique value proposition as a DEX aggregator gives it a competitive edge in the decentralized finance space.

1inch's partnerships with Tron and XBTC

Tron

1inch has entered into a global strategic partnership with Tron, one of the world's most popular blockchains. As part of this collaboration, 1inch will fully integrate with JustSwap, Tron's decentralised trading protocol for automated liquidity provision. Additionally, 1inch's AMM, Mooniswap, will be integrated into Tron's blockchain. This integration will enable 1inch users to get the best rates for Tron assets.

Mooniswap's "virtual balances" will slow down price changes, preventing arbitrage traders from earning up to 100% of the swap slippages. This will dramatically increase the earnings of liquidity providers on the Tron blockchain. Moreover, Tron's regular users will benefit from an extra level of protection from front-running attacks.

The partnership will also benefit JustSwap by improving its access to a wider audience, enhancing its price accuracy, and enabling it to accelerate its growth. Tron also plans to reward liquidity providers on Mooniswap with Tron tokens as an additional incentive.

XBTC

On September 17, 2020, 1inch announced a partnership with xBTC, the inaugural token of Social Capital. As a result of this collaboration, xBTC was granted an Initial Mooniswap Offering (IMO). This partnership aimed to be mutually beneficial, with xBTC gaining exposure to a broader audience and 1inch users being able to capitalise on xBTC trade volumes.

Sergej Kunz, co-founder of 1inch, stated:

> "IMOs on 1inch are more attractive for token issuers than other platforms because we provide protection from so-called front running. In turn, 1inch liquidity providers will benefit from the xBTC IMO as there will be substantial trade volumes at the initial stage, and they’ll be able to collect significant interest."

1inch's listing with crypto exchanges

1inch is a new DEX platform that has taken over the crypto market. It is a decentralized exchange aggregator that connects several DEXes into one platform, enabling users to find the most efficient routes to swap their tokens across platforms. The 1inch token is the governance and utility token of the 1inch Network. It is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the best rates by discovering the most efficient swapping routes across all leading DEXes.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across a large number of liquidity sources on multiple chains, including Ethereum, BNB Chain, Polygon, Avalanche, and others.

The 1inch token can be bought on several popular crypto exchanges, including:

• Binance
• Huobi Global
• Coinbase
• Kraken
• KuCoin
• OKEx
• BTCC
• Bybit
• Zedcex Exchange
• BYDFi

The 1inch token was launched in late December 2020, and it has been listed on multiple exchanges since then. The token can be used to participate in the network's governance, including treasury management, and to choose resolvers and earn a part of their fees.

1inch's price predictions for 2024-2050

1inch is a decentralised exchange (DEX) aggregator that combines multiple DEXes into a single platform, allowing users to find the most efficient token-swapping routes. The 1inch token is used for governance, allowing holders to vote on the future of the system and new product parameters.

As of July to August 2024, the current price of 1inch is $1.38 to $1.75, with a 24-hour trading volume of $64,437,551. It is currently ranked as the 114th to 124th largest cryptocurrency by market cap, which is valued at $124 million to $511.54 million.

2024

1inch's price is predicted to range from $0.22 to $0.90, with an average price of around $0.63 by the end of 2024. The average price for August 2024 is predicted to be $0.33, with a minimum of $0.22 and a maximum of $0.45. The price is expected to increase over the following months, with a predicted range of $0.65 to $0.78 in October, and a potential high of $0.90 in December.

2025

The 1inch coin price prediction for 2025 ranges from $0.72 to $1.20, with an average price of around $0.96. The minimum price in 2025 is expected to be $0.6728, and the maximum is $1.20.

2026

The average trading price for 2026 is predicted to be $1.45, with a minimum of $1.12 and a maximum of $1.79.

2027

The maximum value of 1inch in 2027 is predicted to be around $1.98, with a minimum of $1.65 and an average of $1.81.

2028

The average price for 2028 is predicted to be $2.08, with a minimum of $1.86 and a maximum of $2.31.

2029

The minimum price for 2029 is predicted to be around $2.09, with a maximum of $2.98 and an average of $2.53.

2030

The 1inch token price prediction for 2030 suggests a maximum value of $3.53 and a minimum of $2.78. The average price is expected to be around $3.15, with marginal percentage changes from 2029.

2035

By 2035, the price of 1inch is expected to reach a minimum of $5.33 and a maximum of $7.93, with an average price of $6.63.

2040

The average price of 1inch in 2040 is predicted to surpass $9, with a minimum expected price of $9.12 and a maximum of $11.69.

2050

The 1inch price prediction for 2050 estimates a trading range between $20.54 and $29.26, with an average price of $24.90.

It is important to remember that these are just predictions, and the actual prices could be much higher or lower. The cryptocurrency market is extremely volatile, and investors are advised to conduct thorough research before making any investment decisions.

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