Is 1inch (1Inch) Expected To Reach $10 Or More In The Next 5 Years?

Last Updated February 3rd 2022
7 Min Read

Can we expect 1Inch to reach the $10 mark price in the next 5 years? Will 1Inch eventually reach $100? If yes, when?

In truth, it is almost impossible to accurately predict what a cryptocurrency will be worth a few years down the line. The best that you can do is use the altcoin’s past price action and its most likely future performance to map out a possible price direction. For the case of 1Inch, the majority of experts and analysts are confident that its price will continue rising and that it will most likely break above $10 in the next 5 years.

Technical analysis of 1Inch future price performance by Trading Beasts, for example, indicates that DeFi token prices will rise above $4 as early as February 2024.

This optimistic view of the altcoin’s future price action is rooted in its wild performance in early 2021, when it shot by more than 600% to peak above $7.87 in the first week of May.

However, the market has since crashed, and 1Inch is struggling with price recovery. Looking at the DeFi token’s chart, you will also realize that its price has been ranging between $3.4 and $4.7 throughout November 2021. By December the market crashed again and 1inch is now trading around $1.6, trying to reclaim its earlier gains.

This makes investors and traders question the token’s recovery and wonder if it can grow its current valuation by the close to 525% needed to break above $10 in the next 5 years.

We will answer this question and tell you if 1Inch will ever reach $100 below. And to adequately cover this topic, we will reference price predictions and opinions of reputable crypto experts and technical analysis websites.

Before we get to that, though, let us try to understand the token’s price history.

1inch (1Inch) Price History 2020 To 2022

1Inch token and the 1Inch network were conceptualized at the ETHGlobal New York hackathon event in 2019, but it only started trading in the open markets on Christmas day of 2020. Data available from CoinMarketCap indicates that the token had an introductory price of $1.9 but ended its first day of trading selling for $2.6. In the 5 days that followed, it tripped and dipped below $0.7 but managed to mount a feeble recovery, just enough to help it storm into 2021, trading around $1.3.

1Inch performed exemplarily well in the first half of the year and even peaked at $7.87 on 8th May. But as soon as Tesla stopped accepting Bitcoin as payment for their electric vehicles, Elon Musk raised climate concerns about Bitcoin mining, and China banned crypto operations in Mid-May, the market crashed. It took with it all the gains 1Inch had made in the previous 5 months, and the token’s price fell below its introductory price.

Throughout the last quarter of 2021, 1Inch has proved its resilience as it eventually recovered most of the gains and topped $6.5 in the last week of October. This, however, was in reaction to the Bitcoin mini-rally that took effect from September to October because it crashed as soon as BTC’s rally waned and is currently selling below $2.

So, Will 1inch (1Inch) Reach $10?

It is highly likely that 1Inch token prices will rebound and resume the early 2021 interview that pushes it above $10. The crypto community sentiments, technical analysts, and crypto experts are all convinced that 1Inch tokens will escape their current low valuation and rise to new heights in the next few years.

They, however, can’t agree on when they expect 1Inch to resume the uptrend. A few argue that the DeFi token’s road to recovery and the subsequent uptrend will be rather slow and can only see the altcoin getting to $10 in the next 5 to 10 years. The majority, on the other hand, are confident that 1Inch will break into a run that pushes it above $10 by 2025 - probably in the next few months for some.

Pundits at Economy Watch have a rather conservative view of 1Inch token’s future price action. Their technical and fundamental analysis of the DeFi token shows that its value appreciation will be “gradual rather than rapid growth” and can, therefore, only see the altcoin getting to $10 at some time in 2025.

Trading Beasts, a historically bearish prediction website, reckons that 1Inch is on the road to recovery. They expect the DeFi token to break above $10 after 2025.

Another technical analyst website that believes 1Inch has everything it needs to reach $10 in the next 3 years ICOCreed. Their analysis of the Eth-based token indicates that it will rise most likely rise above its current all-time high in May 2024 and carry on with this uptrend that takes it to $10 by November that year.

These predictions make it clear that 1Inch will most likely reach $10 before 2025. But can it make it to $100?

Don't Miss: 1inch Price Predictions

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Will 1inch (1Inch) Reach $100?

The general feeling in the crypto market is that 1Inch will eventually reach $100. But the market is sharply divided on the question of when 1Inch will reach $100.

On the one hand, a simple majority of technical analysts believe that 1Inch has what it takes to rise above $100 before 2030. On the other, are crypto experts and who feel that 1Inch will take longer before it can get to $100.

Crypto gurus at Captain Altcoin, for instance, argue that 1Inch has a real shot at $100. But after looking at its shaky price action and the low pace with which DeFi technology is adopted, they do not think that it can get here in the next decade.

The experts argue that DeFi - the token’s playfield - isn’t growing as fast as expected, and the market is too volatile to allow for consistent value gain for the altcoin.

The optimists, on the other hand, believe the altcoin is only doing badly because it is still new. They trust that the market will stabilize, uptake of decentralized DeFi technologies will explode, and all these will help 1Inch prices appreciate by the 6150% needed to reach $100 - all before the end of this decade.

What Will 1inch (1Inch) Be Worth In 2026?

Virtually all the crypto expert opinions and technical analysis reports we interacted with when compiling this 1Inch price prediction guide are confident the DeFi token will have broken above $10 in the next 4 years. They generally place 1Inch’s price at between $10 and $60.

We have already mentioned that crypto analysts at Captain Altcoin have an uncharacteristically conservative view of the altcoin’s price action. They argue that 1Inch will only appreciate by around 500% to reach $15.91 in 2026.

Technical analysts at PricePrediction.Net, however, do not agree with this observation and indicate that 1Inch will grow at a relatively faster rate. They expect the token to reach $10 in 2024 and to end the year 2026, selling above $23.

The most bullish forecast on 1Inch’s future price performance comes from the reputable CryptocurencyPricePrediction website. It indicates that 1Inch will go into recovery in the next months, which will allow it to rise above the current ATH in January 2023 and reach $10 after in January 2025. They do not have forecasts for 1Inch token’s expected price performance in 2026, but they indicate that it will end the year 2025, selling for $33.9.

Read Also: Will 1inch Make Me Rich In 10 Years?

Conclusion: Will 1inch (1Inch) Reach $10 In The Next 5 Years?

If forecasts by the majority of the crypto experts and investment community are anything to go by, then it is highly likely that 1Inch will get to $10 in the next 5 years. In fact, most are confident that 1Inch is one crypto market rally away from shuttering this price target and even indicate that it will most likely get here within the next 3 years.

A few analysts, like the CryptocurrencyPricePrediction, can even be viewed as being a bit more optimistic about the altcoin’s future when they indicate that they expect it to hit $10 in early 2023 reach $50 in the next 5 years and break above $80 before 2030. 

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