⇗ 1INCH Coin Feels Pinch Yet Soars High in Market Visibility and Innovation

The recent collaboration of the decentralized finance (DeFi) platform 1inch and Bruce Lee's family to launch the 'seriousLee' campaign adds a different spin to cryptocurrency adoption. Using Bruce Lee's legacy, 1inch aims to dispel the negative notion about cryptos, thus increasing its visibility and hence fostering DeFi adoption. Besides, 1inch has unveiled a web3 debit card, a remarkable accomplishment achieved in conjunction with Mastercard and Baanx. This innovative product is a stride towards the onboarding of a mass of users to DeFi. The 1inch price, however, has experienced a dip yet eyes a support level at $0.2381. A price prediction for 2023 suggests a potential increase, possibly hitting a dollar.

Further emphasizing its innovation orientation, 1inch Network has released a cross-chain innovation white paper and launched Fusion+ on its cross-chain swaps. Besides, they integrated Lumia to provide better liquidity and pricing. Notably, this platform is set to launch a proprietary hardware wallet as the trend of self-custody grows. Despite this, concerns have risen about a new $5M exit scam with the growth of DeFi on Base through a 1inch Network launch. However, this setback hasn't deterred the platform as it tested its price against the 200 EMA, leading to predictions about a potential breakout or break down.

1inch has made significant strides in the digital trading space, securing 64% of the Ethereum DEX Aggregator Market, which signals growth. Interestingly, it has unfolded large sponsorship projects, including a crypto-themed animated NFT series. Despite a temporary price tumble as investors offloaded $8 million worth of tokens, bullish targets for 1inch, among others, are unveiled by a top trader.

1INCH Coin News Analytics from Wed, 02 Dec 2020 08:00:00 GMT to Wed, 30 Oct 2024 13:05:25 GMT - Rating 5 - Innovation 8 - Information 9 - Rumor -3