1 month ago By Blockchain Mata
Heard of Synthetix, the DeFi platform for synthetic assets and its token SNX?
No? Sit back as we discuss it and Synthetix, SNC price prediction.
Launched in September 2017 by Kain Warwick under the name Havven (HAV), Synthetix is a decentralized exchange and platform for synthetic assets.
The SNX token is compatible with Ethereum’s ERC20 standard and the Synthetix network is secured through proof-of-stake (PoS) consensus.
With its official website on https://synthetix.io/ and designed in a way that exposes users to the underlying assets using synths, without having to hold the underlying asset.
The platform allows users to autonomously trade and exchange synths.
It has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the decentralised exchange. SNX tokens are also used as collateral for the synthetic assets that are minted.
The current Synthetix price today, 15th of August 2022 is 3.77 USD with a 24-hour trading volume of 65,856,734 USD. The coin market cap updates the SNX to USD price in real-time. Synthetix is down 6.81% in the last 24 hours.
The current CoinMarketCap ranking is #98, with a live market cap of USD 432,421,041.85.
Synthetix has a circulating supply of 114,841,533 SNX coins and a maximum supply of 212,424,133 SNX coins.
If you would like to know where to buy Synthetix at the current rate, the top cryptocurrency exchanges for trading in Synthetix stock are currently Binance, OKEx, Coinbase Pro, Uniswap (V2), Bybit, BingX, and MEXC.
Synthetix is a decentralized finance (DeFi) protocol that provides exposure to a wide variety of crypto and non-crypto assets. Based on the Ethereum blockchain technology, this platform offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The price of Synthetix is predicted to reach the lowest level of $7.13 in 2023. The Synthetix price can reach the highest level of $8.50 with the average price of $7.39 throughout 2023.
As per the forecast price and technical analysis, In 2024 the price of Synthetix is predicted to reach the lowest level of $10.36. The SNX price can SNXain the highest level of $12.60 with the average trading price of $10.73.
The price of 1 Synthetix is expected to reach the lowest level of $15.17 in 2025. The SNX price can SNXain the highest level of $18.12 with the average price of $15.60 throughout 2025.
Synthetix’s price is forecast to reach the lowest possible level of $22.26 in 2026. As per our findings, the SNX price could reach the highest possible level of $26.43 with the average forecast price of $22.89.
According to some deep technical analysis on past price data of SNX, n 2027 the price of Synthetix is forecasted to be at around the lowest value of $32.01. The Synthetix price value can reach the highest level of $37.82 with an average trading value of $32.93.
The price of Synthetix is predicted to reach the lowest value of $49.56 in 2028. The Synthetix price could reach the highest value of $51.21 with the average trading price of $55.24 throughout 2028.
As per the forecast and technical analysis, In 2029 the price of Synthetix is expected to reach the lowest price value of $71.64. The SNX price can reach the highest price value of $85.11 with an average value of $73.69.
The price of Synthetix is predicted to reach the lowest value of $104.10 in 2030. The Synthetix price could reach the highest value of $123.37 with the average trading price of $107.05 throughout 2030.
SNX has a lot of potentials and the right technology to make it a successful, long-term investment. However, one must name proper research before deciding to invest in any market.
Bearing fully in mind that the cryptocurrency market is very volatile, invest only what you can afford to lose.
Thanks for going through the article, if you have any queries or feedback, please feel free to contact us via the comment box.
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