What is 1inch crypto? What is 1INCH token’s price prediction?

September 02, 2021 10:39 PM AEST | By Raza Naqvi

What is 1inch crypto?

As an aggregator of decentralized exchanges, 1inch can help users find the cheapest prices of digital currencies. It also appears to be gaining popularity in Canada, having topped the trending charts in the country.

In December 2020, 1inch launched its native cryptocurrency called the 1INCH token. This native utility token acts as a governance token and users can use it to vote on the functioning process of 1inch platform.

At the time of writing this, the native utility token noted a circulating supply of 180,546,045 1INCH tokens and a market cap of US$ 614.4 million.

1INCH token price movement and prediction

With BitPay, reportedly the world's largest provider of Bitcoin, integrating with 1inch Network, it seems to be gaining a wider investor attention.

Integrations mean that users of the BitPay Wallet will be able to access the 1inch DEX aggregation functionality to find the best prices.

In the past one month, 1INCH token has expanded by about 47 per cent. Following Bitpay's announcement, the token price could climb further and beat its all-time high of US$ 7.84 per token by the end of this year.

Also Read: Can Polkadot hit all-time high? What is DOT token’s price prediction?

Bottom line

As per the 1inch website, the DEX aggregator supports four networks and has over 540,000 users. Over 4.6 million total trades have reportedly taken on the platform, with transactions worth at least US$ 70 billion.

If more integrations take place in future, 1inch network’s user base could expand further. This, in turn, could push 1INCH token’s price further up.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.