There are a plethora of decentralised AMMs, so for those who want the best prices for their token exchanges, they go to the lead AMM aggregator: 1inch. The DeFi project has already reached 800,000 swaps (1) and with the release of their new governance token INCH (2), it has seen a good run but, in my opinion, it is undervalued (see UNI and SUSHI - both also undervalued). Indeed, their most recent second round airdrop (3) which can arguably be said to be targeted at Uniswap users (the most popular AMM), was recently delivered to those who have been active users of the aforementioned protocol which adds to my bullish thesis.
I am predicting a breakout of this approx. 3 week consolidation zone as shown in the displayed chart and then a strong run to $9-10.
(1) See 1inch Twitter* (2) See CoinGecko* (3) See cryptobriefingdotcom*
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