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

3 min read | September 02, 2021 08:39 AM EDT | 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.

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