1INCH
The 1inch network integrates decentralized protocols to enable profitable, fast, and secure DeFi operations. The aggregation protocol uses the Pathfinder algorithm. The algorithm finds the best path among more than 400 liquidity sources on 12 chains (including Ethereum, BNB Chain, and Polygon), providing better exchange rates than a single exchange. In addition, the 1inch limit order protocol provides innovative limit order exchange opportunities with dynamic pricing and conditional orders. The 1inch wallet provides a secure multi-chain mobile platform for storage, trading, and staking. The network's non-custodial structure and rigorous security checks ensure high security and are audited by leading companies such as OpenZeppelin and Certik.
The 1INCH token is the governance and utility token of the network. Holders can stake tokens to participate in DAO governance, manage 1inch DAO funds, and earn fees. It rose 12.98% in just 24 hours. Its price has fluctuated between $0.3968 and $0.4744 over the past week. Impressively, the coin is up 18% over the past year and is trading 37.07% above its 200-day SMA ($0.341001). The 14-day RSI is 53.10, indicating a stable trend. With 15 days of an uptrend over the past month and volatility as low as 6%, 1INCH shows high liquidity with a market cap to volume ratio of 0.3734.
