Understanding the conversion between 1INCH and US dollars is essential for anyone involved in the cryptocurrency market. This guide provides a clear, real-time overview of the 1INCH to USD exchange rate, its circulating supply, and tools to make accurate conversions.
Current 1INCH to USD Exchange Rate
The live price of 1INCH to US Dollar is $0.17800. This value is highly dynamic and updates continuously based on global market activity. Over the past 24 hours, the exchange rate has experienced a significant change of +6.00%, reflecting the volatile nature of digital assets.
1INCH Token Supply Overview
Token supply is a fundamental metric that influences a cryptocurrency's value. 1INCH has a current circulating supply of 1,393,960,052 tokens. Its maximum supply is capped at 1,500,000,000 tokens. The difference between the circulating and maximum supply indicates the number of tokens that may still be released into the market over time.
How to Convert 1INCH to USD Accurately
Converting 1INCH to US dollars requires reliable, up-to-date information. The value of $1 in 1INCH fluctuates throughout the day due to market volatility. To know the exact conversion value at any given moment, it is crucial to consult live data.
Several methods ensure accurate conversion:
- Real-Time Conversion Tables: These tables provide a quick reference for common conversion amounts, updated continuously to reflect the latest market rate.
- Digital Calculators: Specialized tools automate the math, providing instant USD equivalents for any amount of 1INCH you input.
For instance, based on the current rate:
- 5 USD is equivalent to approximately 28.0899 1INCH.
- 5 1INCH is equivalent to approximately $0.89000 USD.
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Why the 1INCH to USD Rate Fluctuates
The price of 1INCH, like most cryptocurrencies, is driven by supply and demand dynamics on global exchanges. Key factors influencing its price include:
- Overall Market Sentiment: Trends in the broader crypto market heavily impact individual tokens.
- Trading Volume: Higher buying or selling pressure can cause rapid price shifts.
- Protocol Developments: Updates and news related to the 1inch Network itself can affect investor confidence.
- Global Economic Factors: Macroeconomic events can influence investor behavior in all risk-on assets, including crypto.
Frequently Asked Questions
How often does the 1INCH to USD exchange rate update?
The exchange rate updates in real-time, changing with every trade that occurs on major cryptocurrency exchanges. The price you see is always the most recent market rate.
Where can I find a reliable 1INCH to USD converter?
You can find accurate converters on major financial data websites and cryptocurrency platforms. These tools use live market feeds to ensure the calculated conversion is precise and current.
What is the difference between circulating supply and max supply?
Circulating supply refers to the number of tokens currently available to the public and actively trading. Max supply is the absolute maximum number of tokens that will ever be created for that cryptocurrency.
Can I predict the future price of 1INCH?
Cryptocurrency prices are inherently unpredictable and highly volatile. While technical and fundamental analysis can provide insights, they cannot guarantee future price movements. Always conduct thorough research.
Why is it important to monitor the 1INCH to USD rate?
Monitoring the rate is crucial for traders to execute timely buys and sells, for investors to track portfolio performance, and for users of the 1inch network to understand the USD value of their holdings and transaction fees.
Is there a fee to convert 1INCH to USD?
While the market rate itself is fee-free, most exchanges and platforms charge a transaction or processing fee when you actually convert your 1INCH tokens into US dollars on their service.
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Staying informed with live prices and understanding market mechanics is key to navigating the cryptocurrency landscape effectively. Always use trusted resources for your data and conversions.