The price of 1inch has been on a steady incline recently, with the price reaching $3.48 yesterday. With this recent spike in value, many people are wondering if the coin will continue to rise and cross the $3.5 mark.
1inch is a cryptocurrency that was created by the company 1 inch. The price of 1inch has been predicted to reach $3.5 in 2025. Read more in detail here: 1 inch price prediction 2025.
Kunz, a former software engineer at Porsche, and CTO Anton Bukov, a former smart-contract developer at NEAR Protocol, created 1inch during the ETH Global hackathon in 2019. Binance Labs, Pantera, and others invested $14.8 million in the initiative in two rounds earlier this year.
As of January 27, 2021, the coin is worth $2.41 and has a market value of $175 million. 72 million 1inch tokens are in circulation out of a total of 1.5 billion.
The 1inch platform is a one-of-a-kind DeFi aggregator, with a huge price rise in 2021 for its token, 1INCH. Since January 1, 2021, the price of 1inch has risen by more than 600 percent, according to 1inch price forecast.
Price analysis of 1 inch
In the cryptocurrency market, 1inch is ranked 104th. The current live 1inch price is $3.27 USD, with a 24-hour trading volume of $112,656,426 USD. 1inch has lost 11.01 percent of its value in the past 24 hours. With a market capitalization of $564,368,692 USD in real time. The maximum quantity of 1INCH coins is unknown, although there are 172,713,544 in circulation.
According to Fibonacci retracement levels, the monthly support level for 1inch is $2.08, while the monthly resistance level is $6.59. Analysts predict that by June 2026, the 1INCH token will be valued $19.74, a fivefold increase from its present value.
1inch coin is a cryptocurrency that has been around for a while. It was created by the company 1 inch, which is also its name. The price of this coin has been rising steadily and it is expected to cross $3.5 in the near future. Reference: is 1 inch coin a good investment.
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