Will 1inch’s price finally follow its network activity north

ambcrypto.com:

Last week, 1inch outperformed several cryptos with its higher market capitalization, gaining by over 4% in 7 days. The altcoin’s price movement was not unexpected, however, as several developments in its ecosystem accelerated its incline. In fact, according to Messari, 1inch accounted for more than 60% of Synthetix’s trade volume prior to full integration. Kwenta nabbed the second spot, accounting for 34% of transfer volume. 

— Messari (@MessariCrypto) September 2, 2022

This development also corresponded with 1inch’s price, as its 7-day chart was painted mostly green. At the time of writing, 1inch was trading at $0.6894 with a market capitalization of $400,641,696.

Recently, 1inch was named the coin of the day in terms of social activity, with its 24-hour social engagement hitting 13.3 million on the charts. Additionally, LunarCrush has 1inch listed in its current top 10 coins on its AltRank list. All these developments, when merged together, add immense value to 1inch’s Network. These may have contributed to an appreciation in the crypto’s price. 

1️⃣ $sys 2️⃣ $cel 3️⃣ #1inch 4️⃣ $uft 5️⃣ $matic 6️⃣ $chz 7️⃣ $hdrn 8️⃣ $atom 9️⃣ $tsuka