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1inch Price Prediction

Last updated 10th May 2022
Disclosure

The 1inch Network is a decentralized open-source exchange that facilitates trades between buyers and sellers. The DEX is built on the Ethereum blockchain to utilize its security and smart contract function. Launched in August 2020, 1inch has gained popularity amongst the DEX community resulting in a $1.24 billion market cap at its peak.

The token performs well during bull runs because more investors use the platform to trade. We believe 1inch will reach a low of $1.54 with a peak of $4.44 in 2022. Moreover, the coin performed best during the 2021 bull run reaching a price of $7.40. Therefore, we’re writing this price prediction because of the new Ethereum 2.0 developments and $175 million investment that is sure to increase 1inch’s value.

1inch Price Analysis This Week

The price of 1inch highly depends on how the crypto market is moving. As a result of the recent news, 1inch has lost significant value in the past few days. Find out more about this week’s analysis below:

Latest 1inch Price Predictions by Experts

1inch is popular amongst investors since the token has great fundamentals and a solid team behind it. Here’s what investors have to say about the coin regarding its future value:

  • DigitalCoinPrice suggests that 1inch could be worth around $2.65 in August 2022.

  • WalletInvestors is extremely bearish in their forecast and says the coin will likely fall to $0.68 this year.

  • Gov Capital has low hopes for the coin and believes the price will range between $1 - $2 and fall to $0.52 at the end of 2022.

1inch Price Drop Prediction

1inch has fallen 81% from its all-time high of $7.40. The huge price drop is because of recent political news and the bearish state of cryptocurrencies. Unfortunately, I believe the coin will continue to fall in the next few months as the “crypto winter” has no end in sight.

Nevertheless, those who buy now to hold long-term have great chances of making significant profits. This is because the release of ETH 2.0 and future bull runs will favor 1inch tremendously as their platform attracts more anonymous investors.

Long-Term 1inch Forecast

Projections for 1inch are bullish due to new ETH 2.0 developments, which will make the decentralized exchange more viable to use. Let's take a look at the long-term forecast 1inch:

YearLowHigh
2022$3.75$4.73
2025$5.60$6.80
2030$18.50$22.43
2035$25.82$31.82
2040$37.23$45.87
2045$55.76$67.03
2050$83.87$104.22

Monthly 1inch Price Forecast for 2022/2023

The monthly forecast for 1inch is somewhat uneventful since the prices fluctuate between $3-4. Below is a detailed table of the month-to-month forecast for 1inch.

USD/ETH
MonthLowHigh
January$2.23$2.56
February$1.54$1.83
March$3.06$3.23
April$3.18$3.44
May$3.24$3.62
June$3.35$3.74
July$3.49$3.96
August$3.55$4.03
September$3.78$4.32
October$3.95$4.44
November$3.60$4.06
December$3.45$3.87

What Impacts 1inch Price?

Several factors can impact the price of 1inch. Below are the main reasons why the token will increase or decrease in value:

  • Social Media Events: 1inch Reddit AMA, interviews, and other social media events can boost the price temporarily. This is because new investors are introduced to the coin and have the opportunity to research the project.

  • News: The news heavily impacts the price of cryptocurrencies. New laws regarding crypto, political developments, and other news can swing prices in either direction.

  • Investments: Famous backers investing in 1inch give the project more trustworthiness and more attention to the coin. Recently, the coin has received $175 million from backers, putting it on the radar for many crypto investors.

  • Crypto Market Status: How the crypto market performs heavily impacts the value of 1inch. If the market is bullish, more investors are using the 1inch Network, and hence the price increases substantially. However, if the crypto market is bearish, 1inch will likely lose value as fewer investors use the platform.

  • Tokenomics: Currently, the circulating 1inch supply is 415,760,024, which leaves just over 1 billion tokens locked. Releasing all the tokens will require having a higher market cap for the price to hold and increase.

  • 1inch User Base: 1inch is a decentralized exchange that requires a healthy user base to increase the price. This is proven during bull runs, as more investors use the platform and subsequently increase the value of 1inch.

Upcoming 1inch Events

The cryptocurrency has gained huge investments that equate to $175 million. Therefore, new features will be implemented in the near future, making the platform desirable for big investors.

Moreover, Ethereum 2.0 is set to launch in 2022, with more developments on the way. This makes the 1inch exchange more accessible to those with smaller portfolios as gas fees will be reduced.

1inch Historical Price Changes

1inch has a short price history due to its launch in August 2020. Nevertheless, let's look at how the coin has performed in recent years.

YearHighLowClose
2020$2.32$0.88$1.36
2021$7.40$1.03$2.49
2022$2.62$1.21N/A

1inch Price Prediction Chart

1inch vs Ethereum Price Prediction

The 1inch Network is built on the Ethereum blockchain to take advantage of smart contracts. Both coins have different goals and offer unique services to buyers. 1inch is a decentralized exchange that facilitates trades between buyers and sellers, while Ethereum is a smart contract coin.

Although 1inch has huge ambitions, it won’t surpass Ethereum because it has more use-cases with many functions. Also, Ethereum has more popularity amongst the crypto community, and hundreds of similar 1inch applications have already been built on the ETH blockchain.

Live Price Chart of 1inch: USD

1inch Price Prediction FAQs

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Best Brokers To Buy 1inch

1inch is a popular coin available on most cryptocurrency brokers. We’ve researched the best crypto platforms and compiled them in the table below:

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1inch Price Predictions

In addition to 1inch, other coins are currently of interest. To take a look at their price predictions, check out the links below:

Dominikas Pupkevicius

Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.