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Synthetix price

Synthetix priceSNX

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Price of Synthetix today

The live price of Synthetix is $2.63 per (SNX / USD) today with a current market cap of $891.84M USD. The 24-hour trading volume is $64.68M USD. SNX to USD price is updated in real time. Synthetix is -7.30% in the last 24 hours. It has a circulating supply of 339,466,200 .

What is the highest price of SNX?

SNX has an all-time high (ATH) of $28.77, recorded on 2021-02-14.

What is the lowest price of SNX?

SNX has an all-time low (ATL) of $0.03258, recorded on 2019-01-05.
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Synthetix price prediction

When is a good time to buy SNX? Should I buy or sell SNX now?

When deciding whether to buy or sell SNX, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SNX technical analysis can provide you with a reference for trading.
According to the SNX 4h technical analysis, the trading signal is Sell.
According to the SNX 1d technical analysis, the trading signal is Neutral.
According to the SNX 1w technical analysis, the trading signal is Buy.

What will the price of SNX be in 2025?

Based on SNX's historical price performance prediction model, the price of SNX is projected to reach $4.25 in 2025.

What will the price of SNX be in 2030?

In 2030, the SNX price is expected to change by +7.00%. By the end of 2030, the SNX price is projected to reach $8.06, with a cumulative ROI of +210.95%.

Synthetix price history (USD)

The price of Synthetix is -29.04% over the last year. The highest price of SNX in USD in the last year was $5.28 and the lowest price of SNX in USD in the last year was $1.09.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-7.30%$2.58$2.87
7d-1.96%$2.58$3.35
30d+48.93%$1.61$3.62
90d+76.27%$1.23$3.62
1y-29.04%$1.09$5.28
All-time+478.60%$0.03258(2019-01-05, 5 years ago )$28.77(2021-02-14, 3 years ago )

Synthetix market information

Market cap
$891,836,023.16
-7.30%
Fully diluted market cap
$892,948,980.03
-7.30%
Volume (24h)
$64,683,566.72
-0.07%
Market rankings
Circulation rate
99.00%
24h volume / market cap
7.25%
Circulating supply
339,466,200 SNX
Total supply / Max supply
339,889,850.09 SNX
-- SNX
ICO price
$0.6700 ICO details
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Synthetix ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Synthetix (SNX)

What is Synthetix?

Synthetix is a leading decentralized finance (DeFi) protocol, founded in 2018 by Kain Warwick and built on the Ethereum blockchain. It specializes in the issuance and trading of synthetic assets, which are cryptographic tokens designed to mirror the price behavior of real-world financial instruments. This includes commodities, fiat currencies, stocks, and even other cryptocurrencies. The core objective of Synthetix is to democratize access to a wide range of assets by allowing users to gain exposure to these financial instruments without the need for direct ownership or storage.

What sets Synthetix apart is its ability to bring almost any asset into the blockchain universe, thereby broadening the scope of possibilities within the DeFi space. Unlike traditional financial markets, which are bound by regulations, operating hours, and often involve cumbersome intermediaries, Synthetix offers a frictionless and permissionless trading environment. This means that anyone, from anywhere in the world, can engage in financial markets by trading these synthetic assets, without the typical constraints found in traditional systems.

Resources

Official Whitepaper: https://docs.synthetix.io/synthetix-protocol/readme

Official Website: https://synthetix.io/

How Does Synthetix Work?

The architecture of Synthetix relies on a series of Ethereum smart contracts to manage the creation and trading of synthetic assets. Users can lock up collateral—typically in the form of the Synthetix Network Token (SNX)—to mint new synthetic assets. These synthetic assets, known as "Synths," are over-collateralized to ensure stability and maintain their peg to real-world asset prices.

Price information for the assets being mimicked is sourced from decentralized oracle networks like Chainlink. These oracles provide accurate, tamper-resistant data, which is crucial for maintaining the integrity of the synthetic assets. Once Synths are minted, they can be traded on the Synthetix Exchange or other DeFi platforms that support them, allowing users to switch between various asset classes effortlessly.

What is Synthetix Token (SNX)?

The SNX token is the native cryptocurrency of the Synthetix network. It serves multiple purposes, including acting as collateral for minting synthetic assets and incentivizing user participation through staking rewards. Holders who stake their SNX tokens receive a portion of the transaction fees generated on the Synthetix Exchange, as well as additional SNX tokens as rewards. This creates an economic model that encourages long-term holding and active participation in the Synthetix ecosystem.

Which Factors Affect Synthetix Token (SNX) Price?

Several factors can influence the price of the SNX token. These include:

- Demand for Synthetic Assets: The more users are interested in minting and trading synthetic assets, the greater the demand for SNX as collateral, which could drive up its price.

- DeFi Adoption: The overall growth and adoption of decentralized finance can have a positive impact on the SNX price, as Synthetix is an integral part of the DeFi landscape.

- Regulatory News: Like other crypto assets, SNX is sensitive to regulatory developments. Negative news can lead to price declines, while positive developments can boost prices.

- Market Sentiment: Investor sentiment, often influenced by news, trends, and social media, can also play a significant role in the SNX token’s price volatility.

- Economic Incentives: Staking rewards and other incentives can attract more users to lock up their SNX tokens as collateral, reducing the circulating supply and potentially increasing the price.

Synthetix's Impact on Finance

Synthetix has the potential to fundamentally change how we engage with financial markets. By enabling the decentralized creation and trading of a diverse array of synthetic assets, it makes finance more accessible to everyone, as long as they have internet access. The protocol eliminates the need for middlemen, like brokers or banks, streamlining the process and reducing barriers to entry. This creates a global, permissionless trading platform that anyone can use.

What's even more transformative is Synthetix's ability to mimic virtually any financial instrument, serving as an inclusive financial tool for those who are traditionally underserved by banking systems or stock markets. Whether you're in a remote village or a bustling city, you can potentially gain exposure to a variety of assets—be it gold, the US dollar, or company shares—without needing a traditional bank account or brokerage. Through the synthetic assets offered on the Synthetix platform, people everywhere can partake in the financial markets, breaking down the barriers that have historically excluded many from global finance.

Conclusion

In summary, Synthetix has not only widened the possibilities within the DeFi landscape but is also making strides in shaping the future of finance as a whole. Its innovative approach to asset representation and trading paves the way for a more open, inclusive, and efficient financial ecosystem.

Synthetix Social Data

In the last 24 hours, the social media sentiment score for Synthetix was 4, and the social media sentiment towards Synthetix price trend was Bullish. The overall Synthetix social media score was 38, which ranks 612 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Synthetix being mentioned with a frequency ratio of 0.01%, ranking 231 among all cryptocurrencies.

In the last 24 hours, there were a total of 539 unique users discussing Synthetix, with a total of Synthetix mentions of 122. However, compared to the previous 24-hour period, the number of unique users increase by 13%, and the total number of mentions has decrease by 15%.

On Twitter, there were a total of 1 tweets mentioning Synthetix in the last 24 hours. Among them, 100% are bullish on Synthetix, 0% are bearish on Synthetix, and 0% are neutral on Synthetix.

On Reddit, there were 6 posts mentioning Synthetix in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 200% .

All social overview

Average sentiment (24h)
4
Social media score (24h)
38(#612)
Social contributors (24h)
539
+13%
Social media mentions (24h)
122(#231)
-15%
Social media dominance (24h)
0.01%
X
X posts (24h)
1
0%
X sentiment (24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score (24h)
3
Reddit posts (24h)
6
+200%
Reddit comments (24h)
0
0%

How to buy Synthetix(SNX)

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Buy Synthetix (SNX)

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Use a variety of payment options to buy Synthetix on Bitget. We'll show you how.

Trade SNX perpetual futures

After having successfully signed up on Bitget and purchased USDT or SNX tokens, you can start trading derivatives, including SNX futures and margin trading to increase your income.

The current price of SNX is $2.63, with a 24h price change of -7.30%. Traders can profit by either going long or short onSNX futures.

SNX futures trading guide

Join SNX copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SNX tokens, you can also start copy trading by following elite traders.

Synthetix news

DeFi protocol Synthetix acquires leveraged token platform TLX
DeFi protocol Synthetix acquires leveraged token platform TLX

Quick Take DeFi derivatives trading protocol Synthetix has acquired the leveraged token platform TLX. Synthetix said it plans to launch a leveraged token incentive program in 2025.

The Block2024-12-10 16:00
More Synthetix updates

FAQ

Dự đoán về giá của Synthetix (SNX)

Có rất nhiều yếu tố hé lộ khả năng tăng giá của Synthetix Network (SNX): Tình trạng chấp nhận ngày càng tăng: Khi Synthetix thu hút được nhiều người dùng hơn, nhu cầu đối với token SNX có thể tăng cao và đẩy giá lên cao. Tài sản tổng hợp đa dạng: Mảng tài sản tổng hợp ngày càng mở rộng của Synthetix có thể thu hút thêm nhiều nhà giao dịch hơn, do đó làm tăng nhu cầu đối với SNX. Giảm chi phí giao dịch: Cùng với việc Synthetix chuyển sang mạng Optimism layer 2, người dùng sẽ được hưởng phí gas thấp hơn và giao dịch nhanh hơn, từ đó nâng cao sức hấp dẫn của nền tảng. Quan hệ đối tác chiến lược: Việc cộng tác với các dự án như Curve và Ren có thể tăng cường độ sử dụng Mạng Synthetix, sau cùng thúc đẩy nhu cầu đối với token SNX. Phát triển của nền tảng: Những cải tiến và cập nhật liên tục từ đội ngũ Synthetix có thể củng cố hơn nữa vị thế của họ trên thị trường.

Synthetix (SNX) có phải là khoản đầu tư tốt không?

SNX Coin của mạng Synthetix nổi bật bởi các thuộc tính riêng biệt. Đây là lý do tại sao SNX có thể là mảnh ghép tuyệt vời cho danh mục đầu tư của bạn: Nền tảng tài sản tổng hợp: SNX Coin hỗ trợ giao dịch tài sản tổng hợp, giúp các nhà đầu tư tiếp cận với nhiều tài sản đa dạng mà không cần sở hữu trực tiếp. Bảo mật nâng cao: Token SNX đóng vai trò là tài sản thế chấp, đảm bảo mọi tài sản tổng hợp đang lưu hành đều được SNX hỗ trợ, giúp giảm thiểu rủi ro đối tác và đảm bảo hệ thống được thế chấp vượt mức. Đồng thuận thân thiện với môi trường: Việc áp dụng Bằng chứng cổ phần (PoS) thay vì Bằng chứng công việc (PoW) tiêu tốn nhiều năng lượng hơn giúp Synthetix trở nên bền vững hơn và tiết kiệm năng lượng hơn.

Yếu tố ảnh hưởng giá của SNX token

Token gốc của giao thức Synthetix, SNX, cung cấp nhiều vai trò trong hệ sinh thái tiền điện tử: Vai trò tài sản thế chấp: Token SNX đóng vai trò là xương sống cho các tài sản được đúc tổng hợp, bị khóa trong hợp đồng thông minh trong quá trình phát hành tổng hợp. Tính năng ổn định: Để đề phòng trường hợp giá giảm mạnh, Synthetix đã triển khai một cơ chế bảo vệ. Điều này giúp giá SNX không bị giảm mạnh một cách đáng kể, ngay cả trong những sự kiện như nguồn cung SNX tăng đột biến. Giao dịch và đầu tư dài hạn: Nhà đầu tư có thể tận dụng sự biến động của thị trường, giao dịch SNX sang nhiều loại tiền điện tử khác nhau. Các nền tảng như Bitget cung cấp nhiều tùy chọn giao dịch, nhưng với những người lạc quan về tương lai của Synthetix thì việc sở hữu SNX cũng là điều khả thi. Hãy luôn nghiên cứu kỹ lưỡng (DYOR) trước bất kỳ hoạt động giao dịch nào để giảm thiểu rủi ro tiềm tàng.

Tôi có thể stake token SNX không?

Hoàn toàn có thể, chủ sở hữu token SNX có thể stake tài sản của mình để kiếm phần thưởng bằng cách cung cấp tính thanh khoản cho Mạng Synthetix. Hoạt động stake SNX không chỉ thúc đẩy nhu cầu đối với token mà còn cho phép người stake kiếm thêm token SNX. Bạn sẽ nhận được những token mới đúc này như một phần thưởng khuyến khích cho người đóng góp tính thanh khoản cho nền tảng.

Rủi ro từ hoạt động stake SNX là gì?

Khi một nhà đầu tư cung cấp tài sản thế chấp thì về cơ bản là họ đang cung cấp cho các nhà giao dịch một nền tảng để giao dịch. Giao dịch thành công của những nhà giao dịch này, sau khi tính phí, có thể làm giảm lợi nhuận của người stake. Hơn nữa, người stake còn phải đối mặt với thách thức như lỗ hổng trong hợp đồng thông minh, rủi ro liên quan đến oracle và các rủi ro cố hữu khác có liên quan khi sử dụng Synthetix.

Tôi có thể khai thác token SNX không?

Synthetix (SNX) không hỗ trợ khai thác. Thay vào đó, token SNX được tạo ra thông qua phần thưởng lạm phát được trao cho người stake token của họ, từ đó cung cấp tính thanh khoản cho mạng lưới. Những phần thưởng này đến từ token SNX mới tạo và được giữ lại trong một năm. Người stake nhận được những phần thưởng này như một biểu tượng cho sự đánh giá cao hoạt động củng cố giao thức Synthetix và tham gia quản trị. Phương pháp này nhằm thúc đẩy sự hợp tác và mở rộng trong hệ sinh thái.

What is the current price of Synthetix?

The live price of Synthetix is $2.63 per (SNX/USD) with a current market cap of $891,836,023.16 USD. Synthetix's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Synthetix's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Synthetix?

Over the last 24 hours, the trading volume of Synthetix is $64.68M.

What is the all-time high of Synthetix?

The all-time high of Synthetix is $28.77. This all-time high is highest price for Synthetix since it was launched.

Can I buy Synthetix on Bitget?

Yes, Synthetix is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Synthetix guide.

Can I get a steady income from investing in Synthetix?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Synthetix with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Synthetix (SNX)?

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Bitget Insights

BGUSER-YVASXG5F
BGUSER-YVASXG5F
3d
As the DeFi market surges, the following projects deserve attention: Uniswap (UNI): Leading decentr
As the DeFi market surges, the following projects deserve attention: Uniswap (UNI): Leading decentralized exchange with significant trading volume and innovative upgrades like concentrated liquidity. Aave (AAVE): Top decentralized lending and borrowing platform with features like flash loans and a wide range of assets. Compound (COMP): Pioneer in decentralized lending with a strong ecosystem and governance token for protocol control. MakerDAO (MKR): Powers DAI, a decentralized stablecoin, essential for DeFi applications. SushiSwap (SUSHI): DEX with added features like yield farming and staking, offering greater flexibility. Yearn Finance (YFI): Yield aggregator optimizing returns for users with products like Vaults. Synthetix (SNX): Platform for trading synthetic assets, bridging traditional and DeFi markets. Terra (LUNA): Blockchain with algorithmic stablecoins gaining traction in DeFi. Balancer (BAL): Flexible liquidity pools and portfolio management platform. Avalanche (AVAX): High-speed blockchain with a growing DeFi ecosystem and low transaction fees. These projects are leading the DeFi revolution and are poised for further growth as DeFi adoption expands.
YFI-0.88%
LUNA-1.34%
BGUSER-RYXC7K1F
BGUSER-RYXC7K1F
4d
As the DeFi market surges, the following projects deserve attention: Uniswap (UNI): Leading decentralized exchange with significant trading volume and innovative upgrades like concentrated liquidity. Aave (AAVE): Top decentralized lending and borrowing platform with features like flash loans and a wide range of assets. Compound (COMP): Pioneer in decentralized lending with a strong ecosystem and governance token for protocol control. MakerDAO (MKR): Powers DAI, a decentralized stablecoin, essential for DeFi applications. SushiSwap (SUSHI): DEX with added features like yield farming and staking, offering greater flexibility. Yearn Finance (YFI): Yield aggregator optimizing returns for users with products like Vaults. Synthetix (SNX): Platform for trading synthetic assets, bridging traditional and DeFi markets. Terra (LUNA): Blockchain with algorithmic stablecoins gaining traction in DeFi. Balancer (BAL): Flexible liquidity pools and portfolio management platform. Avalanche (AVAX): High-speed blockchain with a growing DeFi ecosystem and low transaction fees. These projects are leading the DeFi revolution and are poised for further growth as DeFi adoption expands.
YFI-0.88%
LUNA-1.34%
Mirza-Sahib786
Mirza-Sahib786
2024/12/12 13:25
DeFi Market Surges: Which Projects Deserve Attention?
The decentralized finance ($DEFI ) market has been experiencing a significant surge in recent months, with the total value locked (TVL) in DeFi protocols reaching an all-time high of over $20 billion. This surge has been driven by a combination of factors, including the growing adoption of DeFi protocols, the increasing popularity of yield farming, and the rising demand for decentralized lending and borrowing platforms. With the DeFi market surging, it's essential to identify the projects that deserve attention. In this article, we'll explore some of the most promising DeFi projects, including those in the lending, borrowing, and yield farming spaces. _Lending and Borrowing Platforms_ 1. _Aave (LEND)_: Aave is a decentralized lending platform that allows users to lend and borrow a variety of cryptocurrencies. With a TVL of over $1.5 billion, Aave is one of the largest DeFi protocols in the lending space. 2. _Compound (COMP)_: Compound is another popular decentralized lending platform that allows users to lend and borrow cryptocurrencies. With a TVL of over $1 billion, Compound is a significant player in the DeFi lending space. 3. _MakerDAO (MKR)_: MakerDAO is a decentralized lending platform that allows users to borrow the Dai stablecoin. With a TVL of over $500 million, MakerDAO is a leading player in the DeFi lending space. _Yield Farming Platforms_ 1. _Uniswap (UNI)_: Uniswap is a popular decentralized exchange (DEX) that allows users to trade cryptocurrencies. With the launch of its yield farming program, Uniswap has become a leading player in the DeFi yield farming space. 2. _SushiSwap (SUSHI)_: SushiSwap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies. With its yield farming program, SushiSwap has become a popular platform for yield farmers. 3. _Curve Finance (CRV)_: Curve Finance is a decentralized exchange (DEX) that allows users to trade stablecoins. With its yield farming program, Curve Finance has become a leading player in the DeFi yield farming space. _Other Notable Projects_ 1. _Yearn.finance (YFI)_: Yearn.finance is a decentralized finance (DeFi) aggregator platform that allows users to optimize their yield farming strategies. With a TVL of over $1 billion, Yearn.finance is a leading player in the DeFi space. 2. _Synthetix (SNX)_: Synthetix is a decentralized platform that allows users to create and trade synthetic assets. With a TVL of over $500 million, Synthetix is a notable player in the DeFi space. 3. _Balancer (BAL)_: Balancer is a decentralized exchange (DEX) that allows users to trade cryptocurrencies. With its yield farming program, Balancer has become a popular platform for yield farmers. _Conclusion_ The DeFi market surge has created a plethora of opportunities for investors and users. With the rise of lending, borrowing, and yield farming platforms, it's essential to identify the projects that deserve attention. Aave, Compound, MakerDAO, Uniswap, SushiSwap, and Curve Finance are just a few of the many promising DeFi projects that are worth exploring. As the DeFi market continues to evolve, it's essential to stay informed and adapt to changing market conditions. With the right strategy and a bit of luck, investors can capitalize on the DeFi market surge and reap significant rewards.
YFI-0.88%
DAI+0.01%
Wu Blockchain
Wu Blockchain
2024/12/10 19:15
Synthetix announced the completion of the acquisition of the leveraged token platform TLX. This time it is a token-to-token transaction. 18 TLX can be exchanged for 1 SNX, and there is a lock-up and vesting period. After the acquisition, Synthetix will integrate TLX's leveraged…
UP-1.47%
THE-1.40%
Sievorhe
Sievorhe
2024/12/09 10:46
比特币回调在即!解读9.8万美元关键点位,哪些币种最需警惕? 在当前加密市场中,$BTC 正处于一个关键节点,市场情绪瞬息万变,而9.8万美元的支撑位俨然成为了多空双方争夺的焦点。如果比特币未能守住这一关口,多单清算或将引发12.14亿美元的资金涌动,市场短期震荡在所难免。但若成功突破10万美元,则会清算1.36亿美元的空单,或为多头重新注入强劲动力。 作为市场的见证者,我看到比特币近期下探的概率较高,第一支撑位预计在 97000美元,更深的回调可能会触及 93000美元。但我坚信,这次调整并不会动摇大盘的长期趋势,现货仍然可以安心持有,耐心等待下一波行情的到来。 需要警惕的币种风险: 在比特币的回调预期下,有些币种需要额外关注: 1. 高杠杆代币:如$AAVE 、$SNX ,这类代币资金敏感度高,回调可能导致价格波动幅度放大。 2. 与BTC强联动的主流币:$ETH 、$BNB 是市场的重要风向标,短期内可能跟随比特币同步调整。 3. Meme板块高热币种:近期热度颇高的$PEPE 、$BABYDOGE 等,情绪驱动型特征明显,波动可能加剧,需谨慎对待。 应对策略: 现货投资者:可将视线投向ETH、$DOT 等基本面扎实的币种,在支撑位附近分批建仓。 短线交易者:关注9.7万和9.3万的支撑强度,若跌破则需谨慎观望;若守稳,或迎来短线反弹良机。 轻仓合约玩家:务必设置严格的止损点,切勿在高杠杆环境下贸然行动。 每一次市场回调都是洗牌与布局的好时机,唯有保持冷静、洞察先机,才能从容应对市场的剧烈波动。 如果你认同我的观点,记得关注我,与我一起解读市场,抓住下一个财富机会!未来是属于理性和果敢的人的,让我们在前行的路上携手并进! #BTC走势预测
DOT-2.00%
BTC-1.96%

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