One-inch Price Returns Bullish From The Dead, Can It Go An Inch Higher?

The price of One-inch (1INCH) has shown some great strength in recent times against tether (USDT) as the price gears up for a rally to the $1.3 mark. Bitcoin's (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell, with the price of One-inch (1INCH), not an exception.

Timeline of 1inch

Monthly active users (MAU) on 1Inch Network have declined gradually since November 2021, data from Dune Analytics revealed. In July, the total monthly active users on the all-in-one DeFi platform stood at 94,263.

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.

The crypto market's bearish performance in the first half of 2022 saw 1INCH extend its retracement from its all-time high (ATH) by as much as 93%. Despite this outcome, the network maintained strong development activity.

KuCoin has partnered with the 1inch DeFi data aggregator protocol in order to offer native swaps for its users worldwide at the lowest prices available across all decentralized exchange platforms.

KuCoin, one of the leading cryptocurrency exchanges in the world, has announced integration of DEX aggregator 1inch Network to allow for native swaps that will benefit the exchange's users across the globe.

The DeFi market can grow in Korea according to recent statements by 1inch co-founder Sergej Kunz. 1Inch wants to grow in the largely unexplored Asian market, but widespread DeFi adoption is being held back by a lack of understanding.

1Inch network has made significant strides in the last quarter as it saw an uptick in its quarterly revenue. And, amassed a growth in the total transactions processed on the network in Q2 2022, as per a report by Messari (provider of crypto market intelligence products).

1inch (1INCH) has been creating a bullish pattern over the past two months and has possibly initiated a bullish trend reversal. The post 1INCH Breaks Out After Double Bottom Pattern appeared first on BeInCrypto.

A select few decentralized finance protocols have set themselves apart from the rest of the pack. Uniglo (GLO), The Graph (GRT), and 1inch are three of the most promising ventures in the industry, each of which has the potential for considerable growth throughout the subsequent bull cycle.

1inch (1INCH) has increased by 48% since its June lows and is attempting to break out from a long-term descending wedge. The post 1INCH Reaches End of Long-Term Bullish Pattern, Down 93% since May 2021 appeared first on BeInCrypto.