1INCH Price Analysis August 2022

1INCH is a token of platform 1INCH Network. Its current price is around $0.7553 by the time of writing, with a low of $0.5178, and its market cap is 431 million dollars.

What is 1INCH Network?

The 1inch Network is a group of interconnected financial instruments that anyone with a crypto portfolio will appreciate. There are basic and advanced features for all cryptocurrencies, allowing you to interact with your coins in an entirely new way. 1INCH Earnings come from fees on trades in the pool 1inch Earn, a liquidity pool with Uniswap V3 range style trading optimized for stablecoins.

What is 1INCH?

1INCH is the coin of the 1INCH Network platform, which is around $0.7553 by the time of writing, with a low of $0.5178. It reached a high of $7.55, and its current ranking is #87 according to CoinMarketCap, with a market cap of 431 million dollars. 1INCH is an Ethereum token that runs a decentralized exchange. The goal of the 1inch is to provide the best rates by finding out how to swap tokens on all different crypto exchanges.

1INCH Coin Market Analysis 

1INCH has a total supply of 1,500,000,000 coins worth around $0.7553 with a market volume of 76 million dollars, whereas the market capitalization is 431 million dollars at writing. 

1INCH Price Prediction

As speculation becomes increasingly popular to fund projects through cryptocurrencies, 1inch is expected to play a central role. By 2030, it could be worth over $35 and attract more investment. It’s a good investment choice that pays off in the long term.

On the 1D timeframe, the price action of $1INCH/USDT has broken the rectangle support and the channel. Currently, it is testing out below the horizontal support zone. We have to wait for a successful test.

On-demand analysis on $1INCH or any other coin can join our Telegram channel anytime.

1Inch  Price Chart July 2022
1INCH Price Chart July 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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