1inch to USD Converter and Market Analysis

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Understanding the 1INCH Token

The 1inch token (1INCH) is the native cryptocurrency of the 1inch Network, a leading decentralized exchange (DEX) aggregator. It enables users to find the best trading rates across various liquidity sources on the Ethereum blockchain and other supported networks. The token plays a vital role in governance, allowing holders to participate in key protocol decisions.

Its value, like other cryptocurrencies, is determined by market dynamics including supply, demand, trading volume, and broader market sentiment. The circulating supply is a critical metric, as it represents the number of tokens currently available for trading in the open market.

Current 1INCH to USD Market Snapshot

As of the latest data, the price of 1inch stands at approximately $0.1517. The circulating supply is over 1.39 billion 1INCH tokens, resulting in a market capitalization of around $211 million. This positions 1INCH within the top 300 cryptocurrencies by market cap.

Market activity shows positive momentum. The price has increased by 0.62% in the past hour and seen a more significant rise of 6.61% over the last 24 hours. This activity occurred on a substantial trading volume exceeding $12 million, indicating active buyer and seller interest.

Historical Price Context

Understanding current prices requires looking at historical performance. The all-time high for 1INCH was significantly higher than its current level, reflecting a period of peak market enthusiasm. Conversely, the all-time low represents a floor price established during a market downturn.

These extremes highlight the inherent volatility of the cryptocurrency market. Prices can fluctuate dramatically based on technological developments, changes in protocol utility, competitor activity, and shifts in the overall economic landscape for digital assets.

How to Convert 1INCH to US Dollars

Converting 1INCH to USD is a straightforward process, typically done through cryptocurrency exchanges. You can use online converters for a quick estimate or execute a trade on a spot market for actual conversion.

For the most accurate and real-time calculation, it's best to use a reliable converter tool that pulls live data from major exchanges. 👉 Check the current conversion rate here

Comparative Conversion Tables

The value of your 1INCH holdings changes constantly. The following tables illustrate how much specific amounts of 1INCH were worth in USD at different points in time, compared to today's value.

Today vs. 24 Hours Ago

Today vs. 1 Month Ago

Today vs. 1 Year Ago

These comparisons show the token's performance over short and long-term periods, providing context for its current valuation.

Frequently Asked Questions

How much is 1 1INCH worth in US Dollars?
The price of 1INCH fluctuates continuously. At the time of writing, 1 1INCH is valued at approximately $0.1517. For the most precise, up-to-the-second rate, always consult a live market data feed.

How many 1INCH tokens can I buy with 1 US Dollar?
Based on the current exchange rate, 1 US Dollar would allow you to purchase approximately 6.59 1INCH tokens. This amount will change in real-time as the market price of 1INCH moves up or down.

What is the recent price change for 1INCH?
In the very short term, the 1INCH price has increased by 0.62% over the past hour. Looking at the last full day, it has appreciated by a more substantial 6.61%. These movements occurred on a healthy trading volume, indicating active market participation.

What factors influence the 1INCH to USD exchange rate?
The rate is primarily driven by supply and demand dynamics on cryptocurrency exchanges. Other factors include overall crypto market trends, developments and updates to the 1inch Network protocol, trading volume, and broader macroeconomic conditions that affect investor sentiment.

How do I actually convert my 1INCH to USD?
To convert holdings to cash, you typically need to sell your 1INCH tokens on a supported cryptocurrency exchange that offers a 1INCH/USD trading pair. The process involves transferring your tokens to the exchange, placing a sell order, and then withdrawing the resulting U.S. dollars to your bank account.

Is there a fee for converting 1INCH to USD?
Yes, most platforms charge fees for trading and withdrawals. These can include transaction fees (gas fees on the blockchain), exchange trading fees, and potential bank transfer fees. Always check the fee schedule on your chosen platform before converting. 👉 Explore more strategies for efficient trading

Conclusion

The exchange rate between 1inch and the US Dollar is a dynamic figure, constantly evolving based on the real-time balance of supply and demand across global crypto markets. While converters and historical data provide essential snapshots and context, the price is always subject to change.

For anyone involved in trading or holding 1INCH, staying informed with live price data and understanding the underlying market mechanics is crucial for making informed decisions. The volatile nature of cryptocurrencies means that prices can experience significant swings, presenting both opportunities and risks.