1inch is a DeFi platform that offers various products and services for users and liquidity providers. It uses an aggression protocol that secures liquidity from multiple DEXes and optimizes trades for the best prices and lowest slippage.
It also has a limit order protocol that enables flexible and innovative order types, such as conditional orders, stop-loss orders, and auctions. It has a mobile wallet that supports multiple chains and allows users to store, transact, and stake their tokens.
It has a governance utility token, 1INCH, which can be stacked to participate in the DAO and earn rewards from the resolvers.
1inch Network Trend Analysis.
The 1inch Network crypto price witnessed the formation of a double top pattern when it failed to break above the recent swing. The price suffered a sharp selloff from the upper supply zone and has dropped nearly 18% in the past nine intraday sessions.
Currently, the price hovers near the recent support and 200-day EMA from where bulls might try to get into the game. Also, the support level has been retested previously which makes it a weak support.
The breakdown below the recent support may turn the short-term trend negative and the price may show a short-term decline.
1inch Network Price Prediction 2023
The price prediction for 2023 showcases a neutral to bearish outlook in the short term. The most optimistic forecast of the analysts hopes for a max upside potential of 22.92%. 1INCH token’s price could reach a high of $0.4205 on the positive side.
Moreover, the average forecast of the analysts expects the price to reach a high of $0.382 by the end of the year. Whereas, the most pessimistic view of analysts expects the price to drop to $0.2972.
1inch Network Price Prediction 2024
As per our analysts, the most optimistic target that the 1INCH token may achieve is $0.7035; suggesting an upside potential of 105.35% from the CMP. The average analyst price target to be attained is $0.5824 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.4757.
1inch Network Price Prediction 2025
According to the most optimistic analysts’ projections, the 1INCH price could reach up to $0.9418 in the next three years as its highest value. The price may surpass $0.8017 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $0.7183.
1inch Network Price Prediction 2026
The price analysis for the year 2026 shows that the 1INCH cryptocurrency may achieve $1.458 as the highest price. The bearish view of the analysts expects the price to reach a low of $1.013 by 2026.
1inch Network Price Prediction 2027
The most bullish analysts foresee a potential value of $2.106 by the year 2027. A minimum price target that the 1INCH crypto may achieve by 2027 is $1.6180.
1inch Network Price Prediction 2028
The price forecast of the 1INCH crypto shows that it may reach a high of $2.766 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for the 1inch Network price is $2.211.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2023/12/18/1inch-network-price-slumps-can-1inch-crypto-make-a-comeback/