Increased Interest Towards 1inch Price Could Trigger More Gains

1inch has experienced its second-largest spike in Social Volume this year, alongside a significant movement of Dormant Coins. With the price still undervalued according to MVRV data, these developments could lead to potential price gains for the altcoin.

Timeline of 1inch

Most investors know that tokens that provide utility to the ecosystem that they help function generally make much better investments, as unlike coins that do not provide utility like meme coins, utility tokens will benefit from a consistent buying pressure brought about by the required use of the token.

The crypto market ensured heavy losses last week but the 1inch network managed to conclude it with a massive win. The DeFi protocol revealed that it secured a new volume record on Sunday (12 March).

Binance News: The world's largest crypto exchange by market share, Binance, has recently updated its Proof-of-Reserves (PoR) system to add 11 new cryptocurrencies.  These include the likes of 1inch (1iNCH), Mask Network (MASK), Dogecoin (DOGE), and Curve DAO Token (CRV), among others.

On 12 February, a whale transferred $1.09 million worth of 1inch Network [1INCH] into Binance, Lookonchain revealed. Usually, a transfer of this magnitude infers an intent to sell.

Key Points: 1inch Network, a DEX aggregator, provided a project data update on February 12. To date, 1inch Network reported that 1,507,992 INCH tokens have been granted to the parser incentive plan, amounting to more than $800,000 USD at the current pricing.

1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers.

Decentralized exchange (DEX) aggregator 1inch has announced the launch of its proprietary cold storage hardware wallet amidst the growing trend of self-custody of assets.  The team at 1inch has stated that the project is in its final stages of development and expects the wallet to go on sale later this year.

The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.

Just as the general crypto market stages a recovery after a long bear market, the 1inch Network (1INCH/USD) has unveiled its hardware wallet joining the other hardware crypto wallet providers of Ledger. The 1inch Hardware Wallet offers a cutting-edge solution for cold storage as crypto hacks become rampant.

Now that the cryptocurrency market is recovering, there is a resurgence of growth-centric partnership announcements. 1INCH Network's [1INCH] latest announcement suggested that it had gone down the same route.