Table of Contents:
- Coin prognosis
- What is Synthetix coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy SNX
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 | $2.1300 USD |
| Price Change 24hours | $0.3200 USD (17.68%) |
| 24h Low / 24h High | $1.7980 / $2.3390 USD |
| Trading Volume 24hours | $2,154,104 USD |
| Market Cap | $664,521,472 USD |
What is Synthetix? Fundamental Analysis
Synthetix (SNX) is a rebranding of Havven.io (HAV).Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). 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. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. 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. 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. Trading on Synthetix.Exchange does not require the trader to hold SNX.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Jan 30, 2023 | $2.3390 | Neutral |
| March, 2023 | $ 2.0260 USD | Downside |
| March, 2023 | $ 2.0402 USD | Downside |
| April, 2023 | $ 2.2650 USD | Downside |
| July, 2023 | $ 2.9387 USD | Upside |
| January, 2024 | $ 5.2141 USD | Upside |
SNX Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| What will be the highest price of Synthetix (SNX) in future? | Our analysis shows a possible all time high of $5.2141 USD |
| Will Synthetix (SNX) price increase in future? | Our prognosis shows Synthetix (SNX) will increase exponentially in future, attaining a possible coin price of $5.2141 USD |
| Will an Investment in Synthetix (SNX) be profitable or make a loss? | Synthetix will be a profitable investment in the next 1 year, giving hodlers a good return. |
| What will be the highest price of Synthetix (SNX) in future? | $5.2141 USD |
| Will the price of Synthetix (SNX) move downward in future? | Up only |
| At the end of the year, what will be the price of 1 Synthetix? | Our algorithms indicates an end of year price of 1 SNX = $5.2141 USD. |
| What is the Synthetix price prediction for 2025? | By the year 2025, the price of one SNX could be as high as $26.0703 USD |
| Synthetix price prediction for 2030? | Too hard to predict. The crypto market changes rapidly. Hence, s lot can change between now and 2030. |
| Where do I buy Synthetix? | Purchase 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 |
|---|---|---|
| January 14, 2023 | $1.923 | $3,305,814 |
| January 13, 2023 | $1.826 | $1,647,662 |
| January 12, 2023 | $1.814 | $1,098,699 |
| January 11, 2023 | $1.779 | $847,500 |
| January 10, 2023 | $1.762 | $581,996 |
| January 9, 2023 | $1.767 | $1,231,088 |
| January 8, 2023 | $1.681 | $711,483 |
| January 7, 2023 | $1.633 | $1,421,844 |
| January 6, 2023 | $1.539 | $876,769 |
| January 5, 2023 | $1.604 | $950,425 |
| January 4, 2023 | $1.53 | $874,898 |
| January 3, 2023 | $1.51 | $201,438 |
| January 2, 2023 | $1.475 | $366,730 |
| January 1, 2023 | $1.435 | $348,417 |
| December 31, 2022 | $1.451 | $415,195 |
| December 30, 2022 | $1.431 | $658,795 |
| December 29, 2022 | $1.442 | $727,079 |
| December 28, 2022 | $1.489 | $543,851 |
| December 27, 2022 | $1.483 | $596,196 |
| December 26, 2022 | $1.48 | $471,377 |
| December 25, 2022 | $1.52 | $374,433 |
| December 24, 2022 | $1.542 | $189,878 |
| December 23, 2022 | $1.572 | $351,526 |
| December 22, 2022 | $1.546 | $559,793 |
| December 21, 2022 | $1.62 | $411,651 |
| December 20, 2022 | $1.535 | $333,877 |
| December 19, 2022 | $1.611 | $425,116 |
| December 18, 2022 | $1.606 | $360,983 |
| December 17, 2022 | $1.536 | $576,279 |
| December 16, 2022 | $1.807 | $1,062,094 |
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 | - |
