Can 1inch Surpass $1 Mark This Year?

The 1inch Network is a platform that offers various solutions for decentralized exchange (DEX) users and liquidity providers. The 1inch Aggregation Protocol finds the best price across multiple DEXes on 10 different chains. 

The 1inch Liquidity Protocol is a secure and advanced automated market maker (AMM) that rewards liquidity providers. The 1inch Limit Order Protocol enables flexible and innovative limit order swaps, such as stop-loss and trailing stop orders. The 1inch Network aims to improve the efficiency and security of DEX trading and liquidity provision.

1inch Network price displayed bearishness in the recent sessions. The price has dropped nearly 9.08% in the past three sessions. The bears are attempting to dominate the price trend. 

Moreover, the price trend analysis shows a bullish outlook in the short term. The price has registered a breakout above the 50-day and 200-day EMA. The price currently trades at $0.338 with a rise of over 40% in the last month.   

1inch Network Price Prediction 2023

The daily 1inch/USD chart illustrates that currently the price seems to sustain near the 200-day EMA and shows accumulation of over 20 sessions. The breakout or breakdown might decide the next short-term trend. 

It had a 24-hour trading volume of $24.78 Million with a rise of 10.55% as compared to the previous day. It has a market cap of $352.71 Million and ranks 118th among the top cryptos. The volume-to-market cap ratio is 6.83% indicating mild volatility in the market.

The price prediction for 2023 showcases a neutral to bullish outlook indicating an upside potential of nearly 28.07%. The price may reach $0.432 by year-end. Moreover, the pessimistic view of analysts expects the price to drop to $0.3. 

1inch Network Price Prediction 2024

As per the analysts, the most optimistic target that the 1inch Network price may achieve is $0.57; indicating an upside potential of 70.69% from the CMP. The average analyst price target to be attained is $0.497 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.431.  

1inch Network Price Prediction 2025

Over the next three years, the 1inch price may reach a maximum of $0.897 as per the most optimistic estimates of the analysts. The price may surpass $0.693 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $0.53.

1inch Network Price Prediction 2026 

The 1inch price may reach a high of $1.04 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.717 by 2026. 

1inch Network Price Prediction 2027

The most bullish analysts foresee a potential value of $1.37 by the year 2027. The minimum price target that the 1inch crypto may achieve by 2027 is $0.979. 

1inch Network Price Prediction 2028

The price forecast of 1inch Network crypto shows that it may reach a high of $2.03 by 2028 if the most optimistic condition prevails. The lowest value that analysts predict for the year 2028 is $1.35. 

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. 

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.