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Synthetix

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Synthetix price calculator

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SNX
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1 SNX = 3.17 USD
Last updated 2024-05-27 03:09:54(UTC-0)
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Synthetix price live data summary

The live price of Synthetix is $3.17 per (SNX / USD) today with a current market cap of $1.04B USD. The 24-hour trading volume is $40.90M USD. SNX to USD price is updated in real time. Synthetix is +9.32% in the last 24 hours. It has a circulating supply of 327,769,180 .

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.

Synthetix price prediction

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When is a good time to buy SNX? Should I buy or sell 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 buy.
According to the SNX 1d technical analysis, the trading signal is Buy.
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 $3.37 in 2025.

What will the price of SNX be in 2030?

In 2030, the SNX price is expected to rise by -3.00%. By the end of 2030, the SNX price is projected to reach $9.03, with a cumulative ROI of +184.61%.
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Synthetix price performance in USD

24h7d30d90d1yAll-time
+9.32%+23.36%+11.60%-21.47%+29.95%+598.49%
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Synthetix price history in USD

TimeLowHigh
24h$2.89$3.18
7d$2.69$3.18
30d$2.33$3.18
90d$2.33$5.28
1y$1.72$5.28
All-time$0.03258(2019-01-05, 5 years ago )$28.77(2021-02-14, 3 years ago )
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Synthetix market information

Market cap
$1,039,522,019.46
+9.32%
Fully diluted market cap
$1,040,866,446.13
+9.32%
Volume (24h)
$40,898,880.31
+29.50%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.0393
Circulating supply
327,769,180 SNX
Total supply / Max supply
328,193,104.09 SNX
-- SNX
ICO price
$0.6700 ICO details
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Synthetix ratings

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

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

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.

How to buy Synthetix (SNX)

Buying Synthetix on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Synthetix (SNX) .

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 $3.17, with a 24h price change of +9.32%. Traders can profit by either going long or short onSNX futures.

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

See more
profileImg

Join the Onchain Summer Buildathon

Base2024/05/21 16:16
profileImg

Synthetix Governance Committee is voting to increase the deposit limit of the Base chain from $21 million to $100 million

Cointime2024/05/20 04:04
profileImg

Infinex will issue 20 million governance points to Mad Lads and Pudgy Penguins holders respectively, June 13 snapshot

Cointime2024/05/18 07:22
profileImg

Synthetix's sUSD stablecoin slips below dollar peg to $0.96 amid sell-off

Synthetix’s decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 due to increased selling on decentralized exchanges. The price later recovered slightly to $0.96. Chaos Labs identified that the de-pegging was triggered by a major liquidity provider withdrawing from the sBTC/wBTC liquidity pool on the Curve.

The Block2024/05/17 11:28
profileImg

sUSD dropped to around 0.925 early this morning, and has now rebounded to 0.956 dollars

Bitget2024/05/17 03:25

People are also inquiring about the price of Synthetix.

What is the current price of Synthetix?

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

What is the 24 hour trading volume of Synthetix?

Over the last 24 hours, the trading volume of Synthetix is $40.90M.

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?

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.

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.
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Cryptocurrency investments, including buying Synthetix online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Synthetix, 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 Synthetix purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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