1inch is a unique digital asset that appears to have a bright future. If you’re looking to learn more about 1inch and what it has to offer, our guide will tell you all you need to know. We’ll also give you predictions on the future of 1inch, including forecasts for 2023, 2024, 2025, and beyond.
Come along as we take a deeper look at 1inch and what its future holds.
What You Need to Know About 1inch
1inch is a cryptocurrency that has grown in popularity in the past few years. As the Defi (decentralized finance) market began to take up a larger piece of the crypto pie, so too, did 1inch. This unique project offers a way to find the “best rates” in the Defi market for its users.
The platform does this by aggregating the prices of digital assets across decentralized finance and seeking out the best available options for its users. With its Pathfinder Algorithm, 1inch can determine the best prices from liquidity sources on Binance, Ethereum, Polygon, and others.
Sergej Kunz and Anton Bukov are the developers behind the 1inch Network, which was founded in 2019. A year later, 1inch launched as an Ethereum-based ERC2- token. 1inch is the official native coin of the decentralized exchange.
There are plenty of features available on the 1inch platform, including options like a 1inch wallet, limit orders, and the 1inch aggregation pool. Plus, 1inch claims to be one of the most secure decentralized platforms in the market due to the immense amount of auditing it undergoes from third-party auditing companies.
What does all that mean for the future of 1inch? Let’s take a look at how the next year and beyond may play out.
1inch Price Prediction for 2022
Like many other cryptocurrencies, 1inch is having a rough 2022. The coin started the year of at $2.42 and has since fallen to $0.92 at the time of writing. While this is a significant dropoff, it mimics what much of the crypto market is seeing in regard to overall performance.
Coin Market Cap ranks 1inch at #100 in terms of total market capitalization for all cryptocurrencies. If you sort by DEXs (decentralized exchanges) though, 1inch sits firmly in the top 50.
Bullish case for 1inch
It is clear that 1inch provides value and utility for those who use its platform. The ability to aggregate data and give investors the best possible returns is important in the crypto market. There are also plenty of collaborations and partnerships with 1inch that could come to fruition for 1inch before the end of 2022.
As a result, don’t be surprised to see the price shoot back up close to the $2.00 mark. The price could also be impacted by the crypto industry as a whole. If investor sentiment changes course and funds begin to flow back into digital assets, 1inch could come close to its early 2022 price.
Bearish case for 1inch
On the other hand, we’re currently in the midst of a crypto pullback, so don’t be surprised if 1inch continues its downward trend. While most expect the crypto rebound to a certain extent, it may not reach the prices realized at the beginning of the year. If this is the case, expect to see 1inch at around $1.50 for 2022.
There are other factors that could turn 1inch bearish as well. Competitor market share is a significant player in the success of 1inch. As the 50th ranking DEX in the market, it’s not hard to see how other more popular options could continue to grow, leaving 1inch in the dust.
It’s also important to consider the possibility of regulations going into effect. Cryptocurrencies are almost always a hot topic when it comes to compliance in the financial sector, so don’t be surprised if new laws are passed which could contribute to a downturn in the market.
Average 1inch price
Considering all these factors, it’s likely that the average price for 1inch would hover around $1.72 by the end of the year.
Price prediction from other sources
Here are 1inch price targets from other popular sources:
Digital Coin Price
Based on speculation by Digital Coin Price, 1inch could make up some ground before the end of 2022. The site suggests that 1inch could finish the year near $1.82, just $.40 off the mark from the beginning of 2022.
This site is far and away the most bullish on 1inch, predicting that the cryptocurrency could realize a price of $5.40 by the end of 2022. This is significantly more than other reputable sources, with Gov.capital believing the entire crypto market will recover and see massive gains before December 31st.
Price Prediction is a little more reserved with its forecasts, showing that 1inch will gain back some of its lost value with a final price of $1.28. The site isn’t as bullish on the market overall, which is why it isn’t so aggressive with its prediction of where 1inch will wind up by the end of 2022.
Wallet Investor is more in line with Priceprediction.net and DigitalCoinPrice.com, predicting that 1inch will see a price of $1.55 by the end of December 2022. In the long-term, however, Wallet Investor doesn’t see things going very well for 1inch, with a prediction of $0.07 by the end of 2025.
1inch Price Prediction for 2023 – 2025
For next year, we predict that 1inch could see a significant upswing, recovering all of its losses from 2022 and then some. If the project sees bullish results, 1inch could see a price of $3.55. On the other hand, if we see another bear market in the crypto industry, you can expect the price to drop to $1.87.
Following 2023, 1inch could see much larger gains in 2024 as the project potentially attracts significant players in the crypto industry. Support from additional adoption in a growing market could mean a maximum price of $6.92 for the digital asset. However, if 2024 sees a bear market, the crypto may only see a price of $3.40.
As 1inch and the decentralized market as a whole continues to grow, its price will steadily climb to new heights. Plus, with new and exciting functionality added to its aggregator, 1inch will see additional users and investors flock to its platform.
Expect to see 1inch reach a price of $13.00 before the end of 2025. However, the platform will also see stiff competition as the most prominent DEXs begin to take up more market share. If 1inch is left out in the cold, it won’t be surprising to see the price drop to $6.67.
1inch Price Prediction for 2026 – 2030
Serious 1inch investors believe the platform will see significant price increases throughout the latter part of the decade. However, the general public doesn’t share these same sentiments. Some believe 1inch could see a price close to $40 by 2030, while others suggest it could get as high as $50. There is also a small group of investors who believe the project will be non-existent by that time.
It’s not hard to see how the platform could be defunct before the end of 2030 is new features aren’t developed and launched on the 1inch exchange. However, with a solid team behind it, it’s not a stretch to think that the network could emerge as a major player in the Defi and DEX market.
Lastly, algorithm bots believe that the average predicted price for 1inch will be somewhere between $40 and $60 by December 2030. Yes, that’s a significant gap, but shouldn’t be too surprising considering how volatile the crypto market can be from day-to-day, let alone from year-to-year.
There’s a lot to know about 1inch if you’re planning on investing in it. Here are some of the most frequently asked questions about this unique crypto project:
Is 1inch coin a good investment for 2022?
This is a difficult question to answer. While 1inch has demonstrated strong growth and potential in the past, predicting future price movements is always tricky. However, if you believe that decentralized exchanges will continue to grow in popularity, 1inch could be a good investment for you.
Will 1inch crypto go up in price?
Again, this is tough to predict. 1inch has shown a lot of promise, but the cryptocurrency markets are notoriously volatile. If you’re thinking about investing in 1inch, make sure to do your own research and monitor the markets closely.
How does 1inch make money?
1inch doesn’t have any traditional revenue streams like other companies. Instead, it generates income through service fees charged on trades made on its decentralized exchange.