Overview of 1INCH Price Movement
The 1INCH cryptocurrency experienced a significant 8.92% decline in the past 24 hours, with its price dropping to $0.405. Key metrics include:
- 24-hour trading volume: $131 million
- Market capitalization: $311 million (Ranked #58)
- Circulating supply: 948,439,666 1INCH tokens
The token reached a daily high of $0.594** and a low of **$0.391, reflecting heightened volatility in the decentralized finance (DeFi) sector.
What Is 1inch Network?
Founded in May 2019, 1inch Network operates as a decentralized exchange (DEX) aggregator, optimizing trades across 170+ platforms to offer users:
- Best available prices for crypto swaps
- High-yield trading opportunities
- Staking rewards for token holders
👉 Discover how 1INCH compares to other DeFi tokens
Historical Performance Trends
| Period | Price Change |
|---|---|
| 1 Week | +43.61% |
| 1 Month | +58.46% |
| 3 Months | -21.31% |
| 6 Months | -8.50% |
| YTD | +13.55% |
Market Context and Analysis
The recent dip contrasts with 1INCH's strong monthly performance, suggesting:
- Profit-taking after rapid gains
- Broader crypto market corrections
- Evolving liquidity conditions in DeFi protocols
👉 Learn strategies to navigate crypto volatility
FAQs About 1INCH Token
Why did 1INCH price drop suddenly?
The 8.92% decline likely results from combined factors including market-wide retracements, liquidity shifts in DEX pools, and trader profit-taking after recent gains.
Is 1INCH a good long-term investment?
While past performance shows strong monthly returns (+58.46%), investors should consider:
- The competitive DEX aggregator landscape
- Token utility beyond trading
- Protocol development roadmap
How does staking work with 1INCH?
Token holders can lock assets in 1inch's platform to earn additional rewards. Staking periods vary, with longer commitments typically offering higher yields.
Key Takeaways
- Short-term volatility doesn't negate 1INCH's strong monthly growth
- The DEX aggregator model continues gaining traction
- Staking mechanisms provide alternative value for holders
For real-time tracking and advanced trading tools, visit our recommended platform.
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