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Synthetix price

Synthetix priceSNX

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Price of Synthetix today

The live price of Synthetix is $2.03 per (SNX / USD) today with a current market cap of $688.66M USD. The 24-hour trading volume is $71.27M USD. SNX to USD price is updated in real time. Synthetix is -4.20% 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.
Calculate Synthetix profit

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 Strong sell.
According to the SNX 1d technical analysis, the trading signal is Sell.
According to the SNX 1w technical analysis, the trading signal is Sell.

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 $3.59 in 2025.

What will the price of SNX be in 2030?

In 2030, the SNX price is expected to change by -2.00%. By the end of 2030, the SNX price is projected to reach $8.5, with a cumulative ROI of +306.65%.

Synthetix price history (USD)

The price of Synthetix is -49.93% 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-4.20%$2$2.25
7d-31.72%$1.85$3.09
30d+10.26%$1.77$3.62
90d+33.84%$1.23$3.62
1y-49.93%$1.09$5.28
All-time+347.06%$0.03258(2019-01-05, 5 years ago )$28.77(2021-02-14, 3 years ago )

Synthetix market information

Market cap
$688,655,615.34
-4.20%
Fully diluted market cap
$689,515,015.48
-4.20%
Volume (24h)
$71,267,352.61
-25.72%
Market rankings
Circulation rate
99.00%
24h volume / market cap
10.34%
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)

Buy Synthetix (SNX)

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 $2.03, with a 24h price change of -4.20%. 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.

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 $2.03 per (SNX/USD) with a current market cap of $688,655,615.34 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 $71.27M.

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

Smith001
Smith001
3d
DeFi Market Surge: Top Projects to Watch in the Next Bull Run
The DeFi market is heating up, and as the next bull run looms, certain projects are emerging as standout contenders. Here's a closer look at the top projects poised to make waves: --- 1. Uniswap (UNI) Why It Matters: As the leading decentralized exchange (DEX), Uniswap continues to dominate with its innovative AMM (Automated Market Maker) model. What’s New: The launch of Uniswap v4 introduces customizable hooks for liquidity pools, offering enhanced flexibility and efficiency. --- 2. Aave (AAVE) Why It Matters: Aave remains a leader in decentralized lending and borrowing, with a robust multi-chain presence. What’s New: Recent developments like the launch of GHO, a decentralized stablecoin, position Aave as a key player in stablecoin innovation. --- 3. Arbitrum (ARB) Why It Matters: As a leading Layer-2 scaling solution, Arbitrum powers many DeFi protocols with its low fees and high throughput. What’s New: The ecosystem's rapid expansion and native ARB token governance make it a focal point for DeFi growth. --- 4. Curve Finance (CRV) Why It Matters: Known for its stablecoin swaps, Curve is essential to DeFi liquidity. What’s New: Curve’s foray into stablecoin issuance with crvUSD adds a new layer to its ecosystem. --- 5. GMX (GMX) Why It Matters: GMX offers decentralized perpetual and spot trading with zero price-impact trades and low fees. What’s New: Its unique revenue-sharing model continues to attract users and liquidity providers. --- 6. MakerDAO (MKR) Why It Matters: As the creator of DAI, a decentralized stablecoin, MakerDAO is a cornerstone of the DeFi ecosystem. What’s New: Its Endgame Plan focuses on decentralizing governance and expanding DAI’s real-world applications. --- 7. Synthetix (SNX) Why It Matters: Synthetix enables the creation of synthetic assets, allowing exposure to real-world assets in a decentralized way. What’s New: Expansion into perpetual futures trading is driving renewed interest. --- 8. Cross-Chain Protocols (e.g., Stargate, Synapse) Why They Matter: Interoperability remains critical for DeFi's growth, and these protocols enable seamless asset transfers across chains. What’s New: Enhanced liquidity incentives and security features are boosting adoption. --- Key Metrics to Watch Total Value Locked (TVL): Projects with sustained or growing TVL indicate strong user trust and adoption. Developer Activity: High development activity often signals ongoing innovation and project health. User Growth: An expanding user base reflects increasing adoption and long-term viability. Final Thoughts These projects showcase resilience, innovation, and adoption potential. As the DeFi market surges, they’re positioned to lead the charge, offering both seasoned and new investors compelling opportunities.
ARB-4.64%
WAVES-3.62%
BGUSER-YVASXG5F
BGUSER-YVASXG5F
2024/12/14 05:53
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-4.28%
LUNA-4.36%
BGUSER-RYXC7K1F
BGUSER-RYXC7K1F
2024/12/13 19:56
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-4.28%
LUNA-4.36%
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-4.28%
DAI-0.02%
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…
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