Cryptocurrency news: 1Inch.exchange (1INCH) coin listed on exchanges yesterday. How did I know?
The short story is that I found it on altFINS’ Twitter news section which aggregates tweets from over 1,100 cryptocurrency projects into a single, real-time feed.
The long story is that I woke up at about 2am CET, unable to sleep. Guess all that merlot, cookies, whatsapp wishing with friends and xmas gift exchanging last night left me too wired to get a shuteye.
It was dumb luck, but I checked my crypto portfolio on altFINS’ dashboard and noticed a tweet about 1INCH coin listing on OKex exchange:
That got my attention cause I’m familiar with 1inch DEX aggregator tool. 1inch aggregates prices from decentralized exchanges (DEX) like Uniswap and Balancer, and finds the best price across DEXes for users. It’s a great tool for trading those early and risky startup DeFi projects before they get listed on major CEX (centralized exchanges) like Binance and Coinbase.
1inch is a play on DeFi (decentralized finance) and was backed by well known blockchain and cryptocurrency investors. 1inch launched in August 2020 after a $2.8M funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, and Dragonfly Capital, FTX. Then, in December 2020, 1inch raised another $12M in Series A funding, led by Pantera Capital, with others including ParaFi Capital, and Blockchain Capital.
Surely everyone is by now familiar with the “Coinbase effect”, whereby prices of coins that get listed on Coinbase typically dramatically rise in price. In fact, prices rise even before the actual listing on major exchanges, merely on announcements of upcoming listings. This is true, albeit to a lesser extend, with any exchange listing, especially the initial ones or the major ones (Binance, Coinbase, Kraken).
Traders and investors can get ahead of such listings by searching in altFINS’ Twitter news section where we aggregate cryptocurrency news from over 1,100 projects into a single, real-time feed. Traders can easily search this feed for keywords like “listing” or other major news events such as “AMA” (ask me anything sessions), “mainnet” launches, etc. See 1 min video below.
It’s also possible to sign up for daily Twitter news just for the coins on the watchlist.
1inch began trading this morning around $1.60 and within hours, several DEX and CEX listed this project’s coin and the price shot up to $3.00.
This is by no means a recommendation of 1inch as an investment, rather an example of the opportunities that altFINS empowers traders and investors with.
Check out this 1 min video on how to use altFINS’ Twitter news feed.
Check our blog for analyses of other top 50 altcoins as well as our automated chart pattern recognition for fresh trading ideas. Also, during corrections in the market, it’s always good to revisit coins in an Uptrend but with a pullback. Our Signals Summary has this and other pre-defined filters ready for action.
Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice. There are risks associated with investing in cryptocurrencies. Loss of principal is possible.