From the past year, I believe that not all people understand the term cryptocurrency but they must have encountered the same in the said period either from the Internet, friends or family, or even from strangers on the road. In this dynamic world of cryptocurrency, today we are going to talk about a token know as 1inch. What is this token about? What is the current advancement in the same? And what is 1inch price prediction?
The exchange
1inch exchange is one of the main exchanges of the Decentralised Finance Industry. I believe that the name is explaining itself. It is an online-based ecosystem that does not involves traditional institutions like banks. So, 1inch is one of the DEX (Decentralised Exchange) which facilitates the trader with liquidity options from various other exchanges. It uses AI to increase the volume of trading.
It aims to provide its users with the best possible deals through multiple pathways of other different DEX. On this platform, the trader gets to know the price and liquidity of each exchange. Hence the trader has systematic data to look at and make a rational decision based on the same. In this way, this exchange has proved to be efficient and effective for traders interested in this Decentralised Finance Industry.
1inch token
1inch is the primary token of the above exchange. It is available on the Ethereum Blockchain and has a current supply of 1.5 million. It is one of the promising cryptocurrencies having a positive graph.
On Feb 6 the token reached an all-time high of $6.31. It is currently trading at $6.28 It has a market cap of $1,023,836,311, which makes it one of the top 100 among the current cryptocurrencies on CoinMarketCap.
The token is performing really well. Its performance in the crypto universe also depends on the performance of 1inch exchange. It will be interesting to witness 1inch price prediction.
1inch price Prediction
Various financial analytical platforms have different numbers for 1inch price prediction. According to DigitalCoinPrice’s calculations, the said token will rise to $5.64 at the end of this year and will ultimately reach $9.27 in the next 4 years.
According to analytics of Wallet Investor, 1inch token will claim a price that amounts to nearly $34, by the end of the current year. And by the year 2024, the above institution is predicting that the token will surge up to 100% by the end of next year i.e. 2022.
Apart from these, other traders are expecting that the token can cross the $10 mark by the end of 2021. We can understand one thing from the above predictions that the token will reach a new height in the future. But this is a cryptocurrency that we are talking about. We cannot predict anything about crypto with 100% surety
ADVISORY: Do your own research before investing in any cryptocurrency.
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