As the DeFi industry continues to boom, tokens like 1inch have been increasingly coming to the fore, as investors look for the most innovative projects to buy into. Despite being a new token, 1inch has already gained a huge amount of support across the sector, but what exactly does it do?
Cryptocurrency is now one of the most popular asset classes for retail trading and the plethora of brokers, exchanges and trading platforms on the market has made digital currency more accessible than ever before. The trouble is, with so many different ways to buy and sell cryptocurrency, it can be difficult to find the most favourable rates, without spending hour upon hour trawling through different exchanges.
That’s where 1inch comes in. Effectively, it is an exchange aggregator. What this means is that the platform scans the most popular cryptocurrency exchanges to find the best prices for a particular token. It can then re-route users' trades to get them the most favourable conditions for the transaction they are wishing to make.
The advantages of such a system should be fairly obvious - especially given that 1inch can interact and therefore aggregate the majority of the top DeXs on the market. The project has certainly stirred up interest of late and has seen some impressive price movement throughout 2021. But what can we expect from 1inch going forward?
In the following 1inch price prediction for 2025 and 2030, we’ll be taking a closer look at the project and checking in with a few top industry analysts for their price forecasts. Will also be considering where 1inch slots into the wider DeFi landscape and whether now is a good time to add the token to your portfolio.
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The History Of 1inch
The 1inch platform was developed by Russian developers Sergej Kunz and Anton Bukov. They combined their extensive experience of smart contract auditing to build the blueprint for the protocol. The nascent project then received $2.8 million in funding from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures and was officially launched in August 2020.
By the time December 2020 came around, 1inch had received additional funding of $12 million, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Group. It was at this time that the platform launched its governance token, 1INCH.
The platform is built on the Ethereum blockchain and is overseen by the 1inch Network Foundation, a non-profit organization.
1inch: A Closer Look
It’s safe to say that 1inch meets a need that is very much present in the cryptocurrency industry - especially as DeFi continues to grow at an exponential rate. Whilst the inner workings of the protocol are far beyond the scope of this article, the take-home point is that 1inch can effectively trawl through myriad exchanges to find users the best deal - even splitting a single transaction across multiple DeXs if necessary.
Let’s look at an example. If you wanted to acquire SafeMoon on a decentralised exchange, 1inch’s algorithm, driven by its proprietary v3 smart contract, will find the best trading conditions for you using all the exchanges and liquidity pools in its protocol. This may include adding additional transactions or splitting the existing one, in order for you to secure SafeMoon at the best possible price.
At the time of writing, 1inch has a pretty wide reach to say the least. It claims to be able to access around numerous exchanges on both Ethereum and Binance Smart Chain, including Uniswap, Compound, 0x and Aave. It also has access to around 50 different liquidity sources.
Read Also: What Is 1inch? Should You Invest In 1INCH
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
1inch: Further Developments
We’ve described what 1inch does in essence, but the project actually offers more than just market aggregation. Soon after its launch, 1inch launched its own automated market maker, Mooniswap. The team behind the project had identified shortcomings in many existing AMMs - hardly surprising given that they studied many in great detail in order to integrate them - and MooniSwap was hailed as the next generation of AMM.
The inner workings of MooniSwap are far too complex to go into here, but it effectively combines the strengths of numerous existing market makers, such as those used by Uniswap, Curve and Balancer, but aims to improve the experience for liquidity providers and minimise slippage and thus make a more difficult environment for arbitrage traders. The main innovation is the 5-minute time-delay Mooniswap employs to lower the profit margins of arbitrage traders. Instead of the price being adjusted immediately after a trade, the market exchange rates improve more slowly.
The result of this is that arbitrage traders are able to skim less out of the system and more of any slippage remains within the liquidity pools, which means liquidity providers end up with a better deal.
In addition to its AMM, the 1inch trading platform also offers the Limit Order Protocol, which is effectively a range of trading tools that you might find with a traditional broker, such as stop-loss/take-profit orders as well as price tracking orders.
The 1inch Token
The 1inch (1INCH) token was launched in December 2020. It is predominantly a protocol governance token, which means holders can stake their tokens to vote on how the project is run - including any major changes to its ecosystem
1INCH is also used in the tokenomics of the 1inch network and can be used for staking on the liquidity protocols and to pay fees for using the various services. It is a multichain token, available on both Binance Smart Chain and Ethereum.
Looking At 1inch’s Price History
Before we look ahead to 2025 and 2030, we need to see how 1INCH has performed since it was first listed back in December 2020. Not only will this tell us how the token has responded to certain market forces, it will also allow us to see whether or not its price moves in line with the wider cryptocurrency market.
Looking back at 1inch’s relatively short existence, we can see the token has experienced substantial volatility month by month. For example, having been trading at $2.36 in its first few days, 1INCH plummeted to just $0.89 before the end of its first month on the exchanges. However, just a couple of weeks later, in January 2021, it was up at $2.66.
The token’s first major upswing then occurred in February, when its trading price went from $2.52 to $5.82 in just one week. A few days of fairly wild price fluctuations followed and 1INCH sunk back to $3.61 before the month was out. March 2021 then saw a lot of movement in both directions, with the token generally fluctuating between a low of around the $3.60 mark and an upper price of around $5.
April saw 1INCH peak at $6.47 following a short bull, but the token’s most successful month to date was May 2021, during which it reached its all-time high of $8.65 - marking an increase of around 500% on its price at the start of the year.
The coin has since gone into an extended period of decline and, whilst it saw plenty of upward movement, it struggled to stay above $3 across much of July and August. Another price run in October saw 1INCH hit $5.62 but since then it has again settled back down under $2.
Who Are 1inch’s Competitors?
An exchange aggregator is a powerful tool that saves cryptocurrency traders a great deal of leg work. As such, it will come as little surprise that 1inch isn’t the only project operating in this space. So who are its major competitors and how do they measure up against 1inch?
Some of the most noteworthy DeFi aggregators are Zapper, Zerion, Plasma.Finance, and Matcha. Effectively, they all provide a similar service and the bottom line is that there are only so many liquidity pools and exchanges to scan for prices.
It seems that the most significant differences, apart from a few protocol innovations, are to be found in the user experience. Each of the aforementioned platforms has a slightly different interface and some will appeal to certain users more than others.
Whilst 1inch may not be unique, it is arguably the more sophisticated project in the space. Zapper, for example, is aimed at those who prefer the simplest possible experience, whereas 1inch provides a more powerful trading tool suite.
The bottom line is that 1inch is not the only DeFi aggregator on the market so investors should take some time to research the other top projects.
Check Out: Could 1Inch Be a Millionaire-Maker Coin?
1INCH Price Prediction 2025
In 2025, 1INCH coin price is predicted to surpass $25 per token. This crypto asset is broadly viewed as one of the best and quickest developing cryptocurrency. As per different sources, the 1INCH is relied upon to see the value in over 300% before very long.
According to the 1inch forecast price and predictions, in 2025 the 1INCH price is expected to cross an average price level of $20, the minimum price of 1inch should be valued at $14 and 1INCH can reach a maximum price level of $23.
One of the best ways to gauge how 1inch is likely to measure up against its competition is by looking at what leading analysts are predicting for its future price movement. Whilst these forecasts are by no means guaranteed, they can help us to manage our expectations when developing an investment strategy.
DigitalCoinPrice has made a fairly optimistic 1inch price prediction for 2025. It has the token up by around 27% by the end of 2022, trading at an average of $2.02 per token. Whilst it does expect 1inch to continue experiencing substantial volatility month to month, DigitalCoinPrice nonetheless has the token growing by a respectable 79% by January 2023 - an increase it is expected to hold onto and build on throughout 2024.
Meanwhile, WalletInvestor is a lot more conservative. Whilst its technical analysis, suggests that 1inch could reach as high as $3.16 in 2022, it shows that the token could struggle to make consistent increases and will regularly slip back down to below $2.4 or so. This trend is expected to continue through to 2025, with 1inch consistently trading above $0.07 but fainting to break $0.07 in 2025.
TradingBeasts has broken the mold slightly with its 1inch price prediction for 2025, forecasting fairly steady and sustained growth for the token. According to its analysis, 1inch will grow by around 68% in 2022, finishing the year at an average trading price of $2.68. The token is then expected to have doubled in value by mid-2023 and by the end of 2024 it could be trading as high as $5.57.
1INCH Price Prediction 2030
Cryptos investors and experts are always plan for long-term gain rather than short-term due to the factor of volatility. With some patience in the long term, investors can expect a good turnaround by 1INCH coin by the end of 2030. The 1INCH token is expected to reach $40 per coin in 2030.
So it would appear that many analysts are optimistic about 1inch’s price potential over the next four to five years, but what about looking further ahead? Information is limited when it comes to 1inch price predictions for 2030, but we did find a couple that seem to think the token will continue to build on its success.
DigitalCoinPrice, for example, has put together a forecast that extends beyond 2025 and sees 1inch reaching $3.36 by the summer of 2026 - which would equate to growth of almost 110% on today’s price. The platform then expects 1inch price growth to ease off throughout 2027, but by the end of 2029 it could be trading as high as $7.13.
Elsewhere, PricePrediction.net has also made a 1inch price forecast for 2030 and foresees some fairly serious growth. It has the token reaching a potential high of $35.48 in 2027 - which would equate to an impressive 2117% growth on today’s price. However, by 2030 the platform has 1inch trading at an average of $89.63, having more or less doubled in value over the course of 18 months.
A cryptocurrency research firm by the name of Crypto Report is calling for 1INCH to reach $12 by 2025, and $25 by 2030.
According to the 1inch forecast price and predictions, in 2030 the 1INCH price is expected to cross an average price level of $35, the minimum price of 1inch should be valued at $25 and 1INCH can reach a maximum price level of $46.50.
Of course, the cryptocurrency market is notoriously fast-moving and already looks drastically different to how it did just one year ago, so 1inch price predictions for 2030 should be taken with a pinch of salt and not form the basis of an investment strategy in themselves.
Don't Miss: 1inch Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: Should You Invest In 1inch?
The advantages of platforms like 1inch speak for themselves. As DeFi continues to surge in popularity, having the option to streamline the process and find the best exchange rates via a single interface is likely to have widespread appeal and 1inch has an impressive number of exchanges and liquidity pools integrated into its protocol.
Looking at the to 1inch price predictions for 2025 and 2030, it seems that the project is widely expected to perform well in the coming years and has the potential to deliver as both a mid- and long-term investment opportunity. That being said, most platforms are also predicting volatility so investors should be aware they may have to endure some unwelcome price movement month by month.
1inch’s biggest threat - at the time of writing at least - probably comes from rival DeFi market aggregators. There is little to draw between the top platforms and it is often the case that one or two tokens will come to dominate a particular aspect of the cryptocurrency market - whether 1inch will be one such project remains uncertain.
Nonetheless, if you’re looking to expand your investment portfolio to include some of the more up-and-coming DeFi projects, then 1inch could certainly be a good bet. It has the technical credentials and the backing to become a mainstay in the market and has already demonstrated its potential for sudden increases in price.
Just be sure to keep an eye on the other projects operating in the same space.
Where To Buy Cryptocurrency
If you want to invest in 1inch then you’ll need to find a broker or exchange. Fortunately, the token is listed on one of the most highly regarded platforms out there - eToro. We recommend eToro for most investors as its a trusted name that offers a secure and easy-to-use trading environment, whilst also providing plenty of information resources.
It takes just a few minutes to open an account and, provided you provide all the necessary details and a proof of ID for verification purposes, you’ll get full access to the platform’s exchange and be able to start adding to your portfolio.
eToro – Best Platform To Buy 1inch
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
What is 1inch?
1inch is a DeFi aggregator that effectively trawls through the top liquidity pools and exchanges to find the best deals for users looking to exchange cryptocurrency. Thanks to its innovative protocol, the platform can even split transactions over several pools to ensure the best rates are locked in.
What is the 1inch token for?
The 1inch token was launched a few months after the platform itself and is predominantly a governance token, allowing holders to vote on issues relating to the development of the platform. It can also be used to pay fees for the various services offered by the 1inch protocol.
How much will 1inch be worth in 2025?
We found that most 1inch price predictions for 2025 were distinctly optimistic. DigitalCoinPrice and TradingBeasts, for example, both see the token doubling in value by 2025. Having said that, 1inch is widely predicted to see substantial volatility - so investors will need to hold steady if they are planning to HODL the token.
Is 1inch a DeFi platform?
1inch is predominantly an aggregator, so it effectively links several DeFi projects. However, the platform has also launched its own Automated Market Maker - Mooniswap, so technically this qualifies it as a DeFi platform in its own right.
What are 1inch price predictions for 2030?
It’s been said that long term cryptocurrency forecasts aren’t really worth the time of day, as the market changes so quickly. However, they do tell us about current market sentiment towards a particular project. We didn’t find many 1inch price predictions for 2030, but the ones we did find were highly positive - with PricePrediction.net predicting the token could be up by as much as 800% by 2027.
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