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1INCH price hits a new high as the top DEX aggregator vies for DeFi dominance

CryptocurrencyMay 08, 2021 08:20PM ET
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1INCH price hits a new high as the top DEX aggregator vies for DeFi dominance

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.

One of the top DEX aggregators that has recently seen its price reach a new record high is 1INCH, a protocol that offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website.

1INCH/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. 1INCH price. Source: Cointelegraph Markets Pro

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1INCH price hits a new high as the top DEX aggregator vies for DeFi dominance
 

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Comments (1)
Ethan Hawk
Ethan Hawk May 09, 2021 2:58AM ET
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Of course ... it's not strange because 1inch coin is one of the aggregator coins whose value is below ..., if it drops after this news ... forget about it and sell all 1INCH because 1inch coins can't grow to be bigger because 1INCH coin price increase is ponzi yields from the 1INCH group.... is not true an increase in price from the public's trust to invest in 1INCH coins. Better buy Doge🥱🤔🐕
 
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