1Inch Price Prediction: Will 1Inch Rise In Value?

Last Updated February 3rd 2022

15 Min Read

When it comes to predicting the prices of cryptocurrencies, it can be difficult to separate the right signal from the noise. The cryptocurrency market is notoriously fickle, and even the most experienced traders can find it tough to keep track of all their trades - let alone future-proof them against changes in the market.

But there are some analysts out there who have some idea about where they think prices will go. According to some, the price of 1inch could be set to rise in value. There are also those who believe that a drop in the price is imminent.

Being a volatile asset, it will be hard to predict the future prices of 1inch with pinpoint accuracy. However, the predictions help us to have a better understanding of the cryptocurrency market.

We can't say with any certainty how 1inch will perform in the future, but we can look at some interesting predictions and see whether these could help us make an educated guess ourselves.

So, in this guide, we will be looking at some predictions from experts plus several factors that might inform the price of 1inch going forward.

But before that, let's acquaint ourselves with some basics.

Content

What Is 1inch?
1inch Price History
1inch Price Prediction In 2022 To 2023
1inch Price Prediction In 2024 To 2025
1INCH Price Predictions In 2026 And Beyond
Factors that Will Affect the Price Of 1inch In The Future
The Future Of 1inch: Will The Value Of 1INCH Rise?
Conclusion: Is 1INCH A Good Investment?

What Is 1inch?

1inch is a decentralized exchange aggregator that scours decentralized exchanges (DEXs) for cryptocurrency prices and provides traders with actionable data on multiple exchanges. As a result, traders can buy cryptocurrencies at the best prices on the market.

Why is this necessary?

You see, decentralized exchanges usually list different prices for the same asset. This is usually known as crypto arbitrage. So, a trader might buy a certain asset for a much higher price when there is a lower price somewhere else.

So, 1inch ensures that traders get the best possible prices on the market for their crypto assets. Additionally, they can use 1inch to convert crypto assets into fiat currency in a matter of minutes - thus making the entire process fast and easy to use.

1inch itself doesn't charge a fee for its services. However, the DEXs platforms from where the asset prices are aggregated charge a transaction fee. Currently, the network pulls its data from several liquidity pools, including Ethereum, Binance Smart Chain (BSC), and Polygon.

1inch currently has more than 1.6M users with over $55 billion worth of liquidity sources.

The price aggregator was created in 2019 by two software engineers: Anton Bukov and Sergej Kunz. It is barked by several stakeholders and has since raised over $15 million in funding.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

1inch Price History

Although the 1inch network launched in May 2019, the native token didn’t come until December 25th, 2020. That is less than a year ago.

When the token was launched, 1inch distributed some of it to people who were already using their services. This caused the price to quickly rise from $1.9 to 2.63 within the same day.

The buzz surrounding the launch of the coin soon died, and by 28th December, 1INCH had lost more than 64% of its price value. However, the crash was not very devastating, and soon the coin was back above $1. It traded between $1 and $2 until around January 15th, 2021.

And just as the early 2021 market-wide bull run was getting started, 1INCH began climbing the charts, and on January 17th, it went above $2.

1inch set on an exciting rally from January 23rd to 30th, where it gained more than 160% in just a week. That is from $1.955 to around $5.1. Around the same time, the market valuation of 1inch also more than doubled, jumping from $262.19 million to $596.21 million in the course of a week.

Naturally, this created some excitement among potential investors and soon, the token crossed $6 on 5th February 2021. 1INCH traded between $4 and $6 until February 20th, where it began dropping and, by February 23rd, had lost more than 40% of its value.

The setback was short-lived, and although the coin didn’t get back to $6, it managed to consolidate between $3 and $5 until March 16th, 2021. On March 17th, it crossed $5 then dropped again to $3.7 a week later.

This price drop was followed by another optimistic uptrend that took the coin to $6.2 on April 8th, and it managed to stay between $5 and $6 until April 23rd.

However, on April 25th, 1INCH dropped by about 50%. Fortunately, the coin wasn’t done trying to stay above the noise. It began climbing again, and on May 8th, 2021, it recorded its current all-time high price of $7.87.

After the uncertainty that preceded this achievement, most long-term investors were not sure they wanted to hold on anymore. So, many people began selling their stash in order to make some profit.

As a result, the price of 1INCH began dropping as investors scrambled to get it out of their wallets. On May 23rd, the DEXs price aggregator bottomed out at $2.123, and from then, it struggled to reach even $5.

A few days to the end of October 2021, 1INCH surprisingly reached $6.5 then began dropping again. It is not clear what caused that hike, but it is obvious that most investors are counting on it happening again.

At the time of writing, 1INCH was trading at around $1.6, and the network was valued at $750 million.

It is currently ranked by CoinMarketCap as the 92nd largest cryptocurrency with a 0.04% market dominance.

1inch Price Prediction In 2022 To 2023

Generally, there isn’t a lot of optimism surrounding the price of 1inch in the future when it comes to the predictions. Most of the forecasts we have looked at linger around the current price even in the next five years.

So, while we believe that the concept behind 1inch could be revolutionary, there is a lot of uncertainty about its future growth. There’s a lot of disparity in the predictions, with some experts being hopeful that the coin will encounter another bull run while others predict either a downtrend or price stagnation.

Wallet Investor is one of those that believe 1inch is in for a dull future, especially in 2022. The site predicts that 1INCH will only trade between $3 and $2 for the rest of 2022. The highest price for the year will be around $3.1, with the lowest at $2.4.

Being a volatile cryptocurrency, we highly doubt this will be the case. 1inch has previously shown great potential for volatility, and we expect it to be more pronounced in the future. So, it is highly unlikely the price difference for a whole year will only be around $0.5.

Gov.capital makes it even more disheartening. The price tracker predicts that 1INCH will trade at $0.039 in the middle of May when the prediction for the coin ends.

1INCH is currently trading at around $1.6 and the thought that it might trade at half that price in the next one year is not something traders want to hear. That is why Digital Coin Price’s prediction of $2.02 by the end of 2022 is much more welcome.

If the market condition is favourable enough, this might even turn out to be a conservative guess.

Priceprediction.net’s prediction of $4.47 by December 2022 is not hope-sparking by still a good sign compared to that of Wallet Investor and Gov.capital.

2023 won’t be much different, according to Wallet Investor. The 1INCH coin will supposedly trade between $2.4 and $0.1, which is even worse than that of 2022. The end of 2023 might especially record dismal performance with the coin going below $1.

Priceprediction.net again comes in with its conservative price of $6.25 by the end of 2023. And Finally, there is Digital Coin Price with a prediction of $9.65 by December 2023.

Don't Miss: Why 1Inch Is Going To Explode

1inch Price Prediction In 2024 To 2025

2024 and 2025 will likely record the same trend as 2022 and 2023. That is to say, Wallet Investor remains pessimistic, Priceprediction.net is still conservative, and Digital Coin Price holds to its bullish predictions.

Having said that, we can expect much better results by 2025 than what is indicated here.

As usual, Wallet Investor is still pretty bearish. It predicts that 1INCH will kick off 2024 at around $0.138 and close the year at roughly $0.083. There will be slight fluctuations between January and December, with the coin mostly trading between $0.10 and $0.08 for the rest of the year.

Wallet Investor doesn’t sway away from its pessimism in 2025 but at least expects the coin to grow for the first time in a few years. It starts the year at around $0.079 and then closes at $0.083. The highest price for the year, according to the site, will be $0.083, with the lowest being $0.0263.

As you can see, there won’t be much action for the year, which is why we hope that Wallet Investor is wrong about these two years, and we will see something much more promising.

Digital Coin Price is still fairly optimistic, although it doesn’t indicate much growth in 2024 and 2025. That is because it predicts that 1INCH will finish 2024 at $3.05 and 2025 at $3.78.

We assume there will be some growth in between the years since the site doesn’t give detailed month-to-month predictions. If there is, then we could see 1INCH touch $20 per coin by 2025.

Priceprediction.net is also still hopeful and predicts that the price aggregator might trade at $9.25 by the end of 2024 and $12.56 by the end of 2025. This is not very encouraging, but it is better than the Wallet Investor's predictions.

As you can see, the predictions are very mixed, and it is hard to get a clear picture of how 1INCH will perform in 2024 and 2025. However, according to our own forecast, it is possible for the coin to cross $20 in either of the two years.

In fact, if the market is conducive enough and 1inch encounters the right catalyst, we might be looking at somewhere between $20 and $50.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

1INCH Price Predictions In 2026 And Beyond

1inch Network has a promising technology, and we believe that by 2026, it will have amassed a wider user base. As more people look to buy cryptocurrencies at the best prices, an aggregator like 1inch will come in handy.

However, the price of 1INCH this far will mostly be affected by factors that we discuss in the next section. These include its adoption, supply, media coverage, regulations, market conditions and competition from similar services.

However, to give you an idea of what you might expect, let’s look at some of the price predictions.

Wallet Investor’s prediction for 2026 is that 1inch might trade at around $0.066.

That is to say, Wallet Investor’s algorithm estimates that 4 years from now, 1inch will be trading at lower than the current price. There is a reason why Digital Coin Price’s prediction of $2.86 by the end of 2026 rubbishes that of Wallet Investor; it’s just too low.

But being a volatile asset, anything could happen; which is why such a prediction is scary.

According to Digital Coin Price, 1INCH will grow to $4.9 by the end of 2027 and then $5.46 by the end of 2028.

So, we might or might not see 1INCH coin reaching $10 per coin by 2030. There are just too many signals in play. But if the market plays out well, 1INCH’s future will be much brighter than what is portrayed in these predictions.

It goes without saying that these predictions are not absolute. There is a huge possibility, as we have already learnt from previous trends that they will be utterly wrong. So, make sure you do your own research and never invest more than you can afford to lose.

So, those are the predictions. But for the purposes of doing your own research, we are going to go through some of the factors that might affect the price of 1inch in the next five years or so.

Check Out: Will 1inch Make Me Rich In 10 Years?

Factors that Will Affect the Price Of 1inch In The Future

There are several factors that can affect the price of 1inch in the future. Some of these include:

Adoption
Regulations
Media hype
Market conditions
Competition

Let's take a closer look at each factor and see how it could impact the price of 1inch moving forward.

Adoption

In order for a cryptocurrency to have value, it has to be adopted by the masses. That's what gives it its intrinsic value. Obviously, 1inch is trying to increase the adoption of their coin through their platform.

There are solid reasons for this - mainly reduced costs and increased liquidity that centralized exchanges can’t provide. So, as more people start using their platform, the price of 1inch tokens will increase due to increased token demand.

This is a promising reason why its price could rise in the future.

Regulations

One thing that has constantly plagued cryptocurrencies since they came into existence is uncertainty with regard to regulations. That's because they are decentralized and unregulated by governments.

In the United States, cryptocurrencies are classified as a commodity by the SEC. In fact, there are reports that 1inch might not be supported in the US. However, there is no legal definition of cryptocurrency in most other parts of the world right now - especially where laws aren't very strong.

Some countries have taken a completely different approach to cryptocurrencies and have even embraced them. So, if future regulations favour 1inch, its adoption will increase. This could result in increased demand for 1inch tokens, pushing up the price.

Media Hype

The crypto space is a hotbed for media hype right now. It appears like every other day, we get news of a cryptocurrency experiencing exponential growth in price or investing in blockchain technology.

Since mass media outlets are so involved in reporting news of cryptocurrencies, they can cause price volatility - especially for smaller coins like 1inch. We saw this with the likes of Bitcoin Cash and Dogecoin when their prices drastically increased due to media hype.

However, if 1inch manages to get some good publicity, it could lead to an increase in its adoptions and token price.

Market Conditions

One thing traders always factor in when trading cryptocurrencies is the market conditions. If you buy a cryptocurrency at the wrong time, chances are that you'll lose out on big profits or even make losses due to price volatility.

So, it's important to pay attention to market conditions before buying or selling 1inch. This is because if the market starts experiencing growth after you purchased 1inch tokens, there is a higher chance that their prices will increase.

If its price falls during an unstable bull run, you might experience losses instead of profits.

Competition

The cryptocurrency market is very competitive, with thousands of cryptocurrencies available for investment.

And while there aren't many alternatives to 1inch right now, there may be in the future. That's because it has an extremely low market capitalization right now, which makes it a favourite target for pump and dump schemes - just like we saw with Bitcoin Gold.

You should definitely keep this in mind when investing in 1inch tokens since their value could decrease if a better alternative is launched that offers similar services.

The Future Of 1inch: Will The Value Of 1INCH Rise?

1INCH has a great opportunity to rise in future and become a market leader in its area. With the development of a marketplace and constant exchange comparisons, 1INCH is offering an innovative and useful service to its users.

There are many reasons why it could rise in future: the public adoption of cryptocurrencies, regulation streamlining and media influence.

However, there's also a very high chance that its price could drop if there was any bad PR, the market conditions become unfavourable, or a better alternative is created.

And while there are many extrinsic values that could manipulate the value of 1INCH going forward, we also believe that the team will play a major role. 1inch currently has more than 65 network contributors from different blockchain-related professions.

If this team is able to stick together, execute their roadmap successfully and continue to release new updates for the 1inch Network, its price could be pushed up.

Realistically, we can't tell exactly whether the value of 1inch will rise or not in future. But if the features we looked at in the previous section work in its favour, the coin has a great shot at success.

On the other hand, if any of the above factors were to go against it, the value might be pushed down. In short, 1inch has a lot going for it right now and is definitely a cryptocurrency you should consider investing in if you have a higher risk appetite.

Conclusion: Is 1INCH A Good Investment?

With all that said, is 1INCH a good investment?

Well, it has an innovative utility service with many practical applications, but there's also a number of risks. The market conditions are unstable right now and could lead to losses if their prices rise too quickly in future. And while the development team seems solid on paper, they might not be able to execute their roadmap successfully.

But if you're looking for a cryptocurrency with huge potential, 1inch definitely fits the bill. Its value could shoot up in future, and it's still very affordable right now.

Therefore, we believe that it is one of the cryptocurrencies worth buying if you have some spare money lying around.

However, it's also important to remember that cryptocurrencies are extremely volatile. So, make sure you do your own research before committing any money to this digital asset.