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Possible uptrend on Synthetix Up Only
Our coin price forecasting algorithm indicates bullishness on the SNX/USD pair. This means it will do well in the near to long term.
| SNX Price | $2.4120 USD |
| Price Change 24hours | $0.2250 USD (10.29%) |
| 24h Low / 24h High | $2.1430 / $2.5280 USD |
| Trading Volume 24hours | $969,317 USD |
| Market Cap | $768,523,520 USD |
Synthetix Analysis
1. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths).
2. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network.
3. This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties.This mechanism is designed to solve the liquidity and slippage issues experienced by DEX’s.
4. Synthetix (SNX) is a rebranding of Havven.io (HAV).Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum.
5. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities.
6. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived.
7. Trading on Synthetix.Exchange does not require the trader to hold SNX.
8. Want to invest in Synthetix? you may also like other coins like Verasity; OKCash; EDC Blockchain; Blockchain.io; Uniswap Protocol Token; LATOKEN; Metaverse; InsurePal; Bancor Network Token; Envion;
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Dec 6, 2023 | $2.5280 | Neutral |
| January, 2024 | $ 3.0379 USD | Upside |
| February, 2024 | $ 2.8828 USD | Upside |
| March, 2024 | $ 2.6264 USD | Upside |
| June, 2024 | $ 3.0908 USD | Upside |
| December, 2024 | $ 2.4822 USD | Downside |
SNX Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| What will be the highest price of Synthetix (SNX) in future? | Our analysis shows Synthetix is already past it's immediate all time high, indicating a bearish signal! |
| Will Synthetix (SNX) price increase in future? | No. Our algorithms indicate that Synthetix (SNX) will experience a significant decline in future. As low as $2.4822/SNX |
| Will an Investment in Synthetix (SNX) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Synthetix (SNX) in future? | $2.4822 USD |
| Will the price of Synthetix (SNX) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Synthetix? | Our analysis shows an end of year prognosis of 1SNX = $2.4822 USD. |
| Where do I buy Synthetix? | We have curated some great options. Buy SNX coin here → |
Historical Price Data (USD)
Rising volume like Synthetix has is a great indication it will do well in the short term.
| Date | Price | Volume |
|---|---|---|
| May 18, 2023 | $2.417 | $220,200 |
| May 17, 2023 | $2.148 | $2,525,761 |
| May 16, 2023 | $2.095 | $457,402 |
| May 15, 2023 | $2.063 | $367,379 |
| May 14, 2023 | $2.017 | $167,861 |
| May 13, 2023 | $2.076 | $153,467 |
| May 12, 2023 | $2.02 | $494,139 |
| May 11, 2023 | $2.176 | $839,883 |
| May 10, 2023 | $2.132 | $1,675,560 |
| May 9, 2023 | $2.169 | $909,756 |
| May 8, 2023 | $2.366 | $834,383 |
| May 7, 2023 | $2.402 | $138,955 |
| May 6, 2023 | $2.57 | $611,527 |
| May 5, 2023 | $2.493 | $556,998 |
| May 4, 2023 | $2.505 | $486,676 |
| May 3, 2023 | $2.447 | $666,810 |
| May 2, 2023 | $2.35 | $493,925 |
| May 1, 2023 | $2.433 | $274,676 |
| April 30, 2023 | $2.474 | $345,911 |
| April 29, 2023 | $2.445 | $390,911 |
| April 28, 2023 | $2.453 | $295,925 |
| April 27, 2023 | $2.409 | $708,226 |
| April 26, 2023 | $2.484 | $3,309,901 |
| April 25, 2023 | $2.478 | $727,007 |
| April 24, 2023 | $2.484 | $447,399 |
| April 23, 2023 | $2.544 | $428,403 |
| April 22, 2023 | $2.492 | $744,245 |
| April 21, 2023 | $2.702 | $2,106,535 |
| April 20, 2023 | $2.843 | $4,240,446 |
| April 19, 2023 | $3.022 | $3,655,484 |
Steps to buy Synthetix (SNX) in 2023
- Buy SNX with USD: Purchase SNX with USD on the following exchanges: Coinbase, Gemini, Kraken, Cexio, Bitfinex, ftx, P2PB2B, .
Alternatively, - Buy Bitcoin directly on Coinbase, Binance or Paypal
- Send the BTC to an Exchange that supports SNX/BTC pair. You can buy SNX with Bitcoin at Kraken, HuobiPro, OKEX, huobikorea, Kucoin, CoinEx, oneinch, uniswap, Coinbase, Kraken, Liquid, Binance, aax, HuobiPro, Poloniex, HitBTC, huobikorea, Kucoin, Coinsbit, CoinEx, decoin, P2PB2B, .
- Now, Buy Synthetix with BTC: Below is a detailed breakdown of exchanges that support Synthetix and their trading.
Exchanges that support SNX/USD Pair
| Exchange | Trade Pair | Rating |
|---|---|---|
| Coinbase | SNX/USD | AA |
| Gemini | SNX/USD | AA |
| Kraken | SNX/USD | AA |
| Cexio | SNX/USD | A |
| Bitfinex | SNX/USD | A |
| ftx | SNX/USD | A |
| P2PB2B | SNX/USD | D |
Exchanges that trade SNX/BTC Pairs
| Exchange | Trade Pair | Rating |
|---|---|---|
| Coinbase | SNX/BTC | AA |
| Kraken | SNX/BTC | AA |
| Liquid | SNX/BTC | A |
| Binance | SNX/BTC | A |
| aax | SNX/BTC | A |
| HuobiPro | SNX/BTC | A |
| Poloniex | SNX/BTC | A |
| HitBTC | SNX/BTC | B |
| huobikorea | SNX/BTC | B |
| Kucoin | SNX/BTC | B |
| Coinsbit | SNX/BTC | B |
| CoinEx | SNX/BTC | C |
| decoin | SNX/BTC | C |
| P2PB2B | SNX/BTC | D |
Exchanges that allow SNX/BTC trading
| Exchange | Trade Pair | Exchange Grade |
|---|---|---|
| Kraken | SNX/ETH | AA |
| HuobiPro | SNX/ETH | A |
| OKEX | SNX/ETH | BB |
| huobikorea | SNX/ETH | B |
| Kucoin | SNX/ETH | B |
| CoinEx | SNX/ETH | C |
| oneinch | SNX/ETH | - |
| uniswap | SNX/ETH | - |
