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Synapse

Synapse priceSYN

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SYN
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1 SYN = 1.03 USD
Last updated 2024-04-25 14:44:03(UTC-0)

Synapse price live data summary

The live price of Synapse is $1.03 per (SYN / USD) today with a current market cap of $192.46M USD. The 24-hour trading volume is $6.77M USD. SYN to USD price is updated in real time. Synapse is -4.38% in the last 24 hours. It has a circulating supply of 186,702,880 .

What is the highest price of SYN?

SYN has an all-time high (ATH) of $5.01, recorded on 2021-10-23.

What is the lowest price of SYN?

SYN has an all-time low (ATL) of $0.2684, recorded on 2023-10-09.

Synapse price prediction

Set your prediction

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

When deciding whether to buy or sell SYN, 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 SYN technical analysis can provide you with a reference for trading.
According to the SYN 4h technical analysis, the trading signal is Sell.
According to the SYN 1d technical analysis, the trading signal is Sell.
According to the SYN 1w technical analysis, the trading signal is Buy.
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Synapse price performance in USD

24h7d30d90d1yAll-time
-4.38%-4.88%-22.97%+24.81%+20.30%--

Synapse price history in USD

TimeLowHigh
24h$1$1.08
7d$1$1.19
30d$0.9142$1.74
90d$0.6612$1.93
1y$0.2684$1.93
All-time$0.2684(2023-10-09, 199 days ago )$5.01(2021-10-23, 2 years ago )

Synapse market information

Market cap
$192,456,858.49
-4.38%
Fully diluted market cap
$257,704,719.19
-4.38%
Volume (24h)
$6,774,907.48
-15.33%
Market rankings
Circulation rate
+87.00%
24h volume / market cap
0.0352
Circulating supply
186,702,880 SYN
Total supply / Max supply
212,718,656.66 SYN
250,000,000 SYN

Synapse ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Synapse Social Data

In the last 24 hours, the social media sentiment score for Synapse was 3, and the social media sentiment towards Synapse price trend was Bullish. The overall Synapse social media score was 0, which ranks 620 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Synapse being mentioned with a frequency ratio of 0.01%, ranking 272 among all cryptocurrencies.

In the last 24 hours, there were a total of 212 unique users discussing Synapse, with a total of Synapse mentions of 76. However, compared to the previous 24-hour period, the number of unique users decrease by 6%, and the total number of mentions has decrease by 16%.

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

On Reddit, there were 0 posts mentioning Synapse in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Synapse. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#620)
Social contributors(24h)
212
-6%
Social mentions(24h)
76(#272)
-16%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
-80%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Synapse(SYN)

What Is Synapse?

Synapse is a decentralized protocol designed to address the critical issue of interoperability between different blockchain networks. It is an interoperability protocol, enabling seamless cross-chain communication. This innovative platform allows for the transfer and swapping of assets across diverse blockchains, including Ethereum, BNB Smart Chain, Polygon, Avalanche, and others, thereby connecting these isolated networks into a unified ecosystem. Synapse is a comprehensive platform offering a range of services and products for both developers and users, such as the Synapse Bridge and Synapse Swap.

The Synapse Network (SNP) further elevates this concept by providing a platform for new fundraising methods based on smart contract blockchains. It's a cross-chain acquisition ecosystem that is accessible to everyone, offering standardized protocols. The network is designed to support financing at various stages of project development, aiming to transform the concept of a fully regulated financial institution with the support of decentralized finance (DeFi) products.

Resources

Official Documents: https://docs.synapseprotocol.com/

Official Website: https://synapseprotocol.com/

How Does Synapse Work?

Synapse uses cross-chain multi-party computation (MPC) with threshold signature schemes (TSS) for authenticating transactions. This system reaches consensus and validates transactions once two-thirds of the validators sign off, ensuring secure and efficient asset transfers between blockchains. Validators play a crucial role in this ecosystem, staking SYN tokens to participate in the validation process and secure the network. Their staked balances are at risk if they engage in dishonest or malicious behaviors, similar to other proof-of-stake chains.

Synapse's Automated Market Maker (AMM) technology is another critical component, transforming tokens from one blockchain into the native tokens of a destination chain. This process uses stable swap algorithms to determine exchange prices within cross-chain liquidity pools, minimizing inefficiencies, losses, and slippages. Additionally, the Synapse Chain, a proof-of-stake-based smart contract platform, secures the protocol’s messaging system and aims to increase capital efficiency while reducing SYN emissions.

What Is SYN Token?

SYN is the native token of the Synapse protocol, playing a vital role in accessing network services. Its primary functions include staking by validators to secure the network and earn rewards, paying protocol and gas fees for transactions, and serving as an incentive for good behavior, such as providing liquidity and participating in governance. SYN token holders have the power to vote on platform governance decisions, influencing the future direction of the protocol. As of November 2023, the total supply of SYN is 250,000,000, with a circulating supply of 192,696,599 tokens.

What Determines Synapse’s Price?

The price of Synapse (SYN), like any cryptocurrency, is influenced by a complex interplay of factors within the blockchain and cryptocurrency markets. One of the primary determinants is market demand and supply dynamics. As Synapse continues to enhance cross-chain interoperability, its utility in enabling seamless asset transfers and swaps across various blockchains like Ethereum, Binance Smart Chain, and others increases. This utility drives demand, especially among users and developers seeking efficient cross-chain solutions. When the demand for SYN tokens rises, driven by its increasing utility and adoption in the DeFi space, the price typically follows an upward trajectory, assuming the supply remains relatively stable or grows at a slower pace.

Another crucial factor is the overall sentiment and trends in the broader cryptocurrency market. Cryptocurrencies often move in tandem with major market leaders like Bitcoin and Ethereum. Thus, a bullish or bearish trend in these larger markets can significantly impact SYN's price. Additionally, investor perception of Synapse's technological advancements, security features, and future potential plays a vital role. Positive news about the platform, such as successful updates, partnerships, or increased usage, can boost investor confidence, driving up the price. Conversely, any security breaches or negative news can lead to price drops. Lastly, regulatory developments in the cryptocurrency sector can also influence SYN's price, as stricter regulations or favorable policies in key markets can affect investor sentiment and the token's accessibility.

In summary, Synapse's price is a reflection of various factors, including its utility and adoption in the DeFi ecosystem, market demand and supply, the overall sentiment in the cryptocurrency market, technological and security developments within the Synapse platform, and the evolving regulatory landscape of the cryptocurrency sector. As the blockchain and cryptocurrency fields continue to evolve, these factors may shift, further influencing SYN's market value.

For those interested in investing or trading Synapse, one might wonder: Where to buy SYN? You can purchase SYN on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Trade SYN perpetual futures

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

The current price of SYN is $1.03, with a 24h price change of -4.38%. Traders can profit by either going long or short onSYN futures.

Join SYN copy trading by following elite traders.

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

Synapse news

See more
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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

TokenInsight2023/08/22 15:31#Social#Coinbase

People are also inquiring about the price of Synapse.

What is the current price of Synapse?

We update our Synapse to USD price in real time. Get the live Price of Synapse on Bitget.

What is the 24 hour trading volume of Synapse?

Over the last 24 hours, the trading volume of Synapse is $6.77M.

What is the all-time high of Synapse?

The all-time high of Synapse is $5.01. This all-time high is highest price for Synapse since it was launched.

Can I buy Synapse on Bitget?

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

Can I get a steady income from investing in Synapse?

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

Where can I buy Synapse with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Synapse online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Synapse, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Synapse purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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SYN is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support SYN trades.
You can trade SYN on Bitget.

SYN/USDT

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SYN/USDT

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SYN/USDT

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