1inch Network Price
Why track 1Inch price?
There are several reasons why one might be interested in tracking the price of the 1Inch token:
Investment Purposes: Like other cryptocurrencies, 1Inch can be held as an investment. Monitoring its price is crucial for investors to make informed decisions about buying, selling, or holding.
Usage in the Ecosystem: The 1Inch token can be used within its ecosystem for various purposes, such as participating in governance votes to shape the platform's future. By tracking its price, users can understand the potential cost (or benefit) of participating in these activities.
Market Analysis: As with any cryptocurrency, understanding price movements and trends can give insights into the broader crypto market sentiment and health.
Liquidity Mining: 1Inch occasionally has liquidity mining programs where liquidity providers are rewarded with 1Inch tokens. If someone is participating in such a program, they'd want to know the value of the tokens they earn.
Trading: Traders who actively buy and sell 1Inch on various exchanges would want a reliable tool to track its price movements.
Paybis can be a tool in your arsenal to track the price and buy 1Inch right then and there.
What info is displayed on 1INCH price chart?
The Paybis 1INCH price chart displays the following data:
- Live 1INCH price
- Current Market Cap of 1INCH
- 24hr Volume of 1INCH
- Highest price of 1Inch in the last 24 hours
- Circulating supply of 1INCH
- Price of 1INCH in 50+ fiat currencies
Use this data to get an overview of the 1INCH price now.
1Inch price history
1INCH price history is not vast as the cryptocurrency is relatively new. Below is a brief overview of the 1Inch Network token.
- 2021: The token price gradually increased throughout the year, reaching an all-time high of $7.87 on May 09, 2021. This was due to a number of factors, including the increasing popularity of decentralized finance (DeFi), the launch of new features on the 1inch platform, and the overall bullish sentiment in the cryptocurrency market.
- 2022: The 1inch price started to decline in early 2022, along with the rest of the cryptocurrency market. The token price fell below $1 in March and continued to decline throughout the year, reaching a low of $0.21 in July. This was due to a number of factors, including the ongoing bear market, the collapse of several DeFi projects, and the regulatory crackdown on cryptocurrencies in some countries.
1Inch price today
Being a cornerstone of the DEX aggregation platform, the current 1INCH price can exhibit considerable market volatility. Track live prices, access historical data, and view the 1Inch price trajectory on Paybis.
To customize the chart's time frames, currency, and tracked data, utilize the 1INCH filter located at the top of the page.
- Study the 1Inch price today, weekly, monthly, annually, or across broader time horizons
- Use the 1INCH calculator to convert 1Inch worth into USD or any of the 50+ global fiat currencies
- Adjust the timeframes, currency, and tracked data using the 1INCH filter at the page's apex.
Utilizing Paybis's 1Inch price chart allows you to monitor the 1INCH price continuously and stay updated on key metrics such as the current market cap, the peak price over the last 24 hours, and the ongoing circulating supply.
Learn about converting 1INCH to USD here.
Analyzing 1Inch price trends
To invest intelligently in 1Inch, being abreast of influential factors on 1INCH's value is essential.
External news about the platform, Ethereum network updates, or broader cryptocurrency trends can influence its price.
The Paybis 1INCH price USD chart provides real-time insights.
Delve into diverse timeframes to understand transient market movements and overarching trends. The platform also offers a comprehensive tool for 1INCH to USD, GBP, EUR, and other currency conversions.
Paybis also provides users with the ease of tracking historical 1Inch price trends.
How will 1INCH price change in the future?
The future of decentralized finance (DeFi) looks promising, with 1Inch playing a pivotal role in enhancing DEX trading experiences.
However, the exact trajectory of 1INCH's price remains speculative.
Factors such as regulatory shifts, technological advancements, and overall crypto market sentiments will play crucial roles.
Stay updated and make well-informed investment choices.
What is 1Inch?
1Inch is a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges, making it easier for users to obtain the best trade rates.
Built on the Ethereum network, 1Inch scans different DEXes in real time to ensure users receive the most optimized trade.
The native token of the 1Inch platform is 1INCH, and this page provides the latest 1Inch price in real-time. Utilize the 1Inch calculator for swift 1INCH to USD conversions.
Who invented 1INCH
1Inch was co-founded by Sergej Kunz and Anton Bukov. Both founders have extensive experience in the blockchain domain, actively contributing to the DEX ecosystem's evolution.
How 1Inch works
Dynamic Routing: When a user initiates a trade on 1Inch, the platform doesn't just fetch the best price from a single exchange. Instead, it can split the trade across multiple DEXes to ensure the user gets the optimal rate. This is particularly advantageous for large trades, where price slippage can be a concern.
Liquidity Sources: 1Inch integrates with a plethora of DEXes, including Uniswap, Balancer, Sushiswap, and more. By casting such a wide net, the platform can guarantee its users access to the vast liquidity pools these DEXes offer, ensuring minimal slippage and optimal prices.
Smart Contract Integration: Trades on 1Inch are executed via smart contracts. These contracts handle the order routing and ensure that the trades are executed as per the specified conditions. The smart contracts are open-source and have undergone rigorous security checks.
Governance with 1INCH Token: The 1INCH token is not just for trading. It's a governance token that allows holders to vote on various proposals related to the platform's development, fees, and other operational aspects. By decentralizing decision-making, 1Inch ensures that its community has a say in its future direction.
FAQ
What is the price of one 1INCH?
The price of 1iNCH fluctuates frequently due to market dynamics. Please refer to the chart above for the current price and recent historical data. Remember, prices in the cryptocurrency market can change rapidly.
Who has the most 1Inch?
The distribution of 1INCH can be analyzed on various blockchain explorers, which provide data on the largest holders (often referred to as "whales"). However, it's essential to note that the top holders might include exchange wallets, where many users' funds are pooled together.
How much 1INCH is left?
The supply dynamics of 1Inch depend on its tokenomics. If you're referring to the total supply vs. circulating supply, you can find detailed data on several crypto analytics websites. Always refer to official documentation or trusted sources to understand the supply details of any cryptocurrency.
How many people own 1 1Inch?
It's challenging to determine the exact number of individuals who own 1 1INCH or any specific amount due to the anonymous nature of blockchain transactions. Analytics platforms might provide an estimate based on wallet distribution, but it won't capture the whole picture, especially considering that one person can own multiple wallets.
Why is 1INCH falling?
Cryptocurrency prices are influenced by a myriad of factors, including market sentiment, macroeconomic trends, regulatory news, technological developments, and more. If 1Inch value is experiencing a decline, it could be due to one or a combination of these factors. It's always a good idea to research recent news and analysis to get a comprehensive understanding of price movements.
What is the highest price of 1Inch in history?
1INCH crypto saw a high of $7.87 per token back in 2021. However, the all-time high of 1Inch might change in the future. The Paybis 1Inch price tracker will keep you updated on any changes.
