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1h | 24h | 7d | 30d | 60d | 90d |
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-1.02% | -10.70% | 12.58% | 89.38% | 117.23% | 113.21% |
1h | 24h | 7d | 30d | 60d | 90d |
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-1.02% | -10.70% | 12.58% | 89.38% | 117.23% | 113.21% |
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SNX
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USD
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Price has decreased by -26.29% in the last 1 year.
Synthetix is currently trading 50.49% above the 200-Day SMA which is $1.80.
The 14-Day Relative Strength Index (RSI) is at 83.28 which indicates that the cryptocurrency is currently SELL and may trade sideways.
The number of green days in the last 30 days is 17 which is 57%.
The circulating supply has yet to be published.
Has high liquidity with 0.10292 volume to market cap ratio. The current market cap is $1.01B while the 24-hour volume is $104.26M
Year | Q1 | Q2 | Q3 | Q4 | Total |
---|---|---|---|---|---|
2018 | - | - | - | -36.25% | -36.25% |
2019 | 21.20% | 491.78% | 120.77% | 66.00% | 2528.49% |
2020 | -38.76% | 222.84% | 142.94% | 52.60% | 632.92% |
2021 | 143.86% | -58.57% | 30.88% | -42.67% | -24.20% |
2022 | 24.54% | -66.63% | 4.17% | -39.45% | -73.79% |
2023 | 77.74% | -10.24% | -9.22% | 86.22% | 169.69% |
2024 | 20.16% | -57.23% | -19.51% | ||
Average | 41.46% | 86.99% | 45.00% | 20.45% | 532.81% |
Synthetic assets can be issued on Ethereum. Synthetic assets can be thought of as derivative products. Getting exposure to the purchase without owning it will be possible with it.
Synthetic assets, or Synths, can include a variety of assets. It applies to anything with a reliable price feed. Cryptocurrencies such as Bitcoin and Ethereum, commodities such as gold and silver, and fiat currencies such as USD are some examples. Traders can even use inverse Synths to gain short exposure or hedge existing holdings and yield farming positions, allowing them quick exposure on inverse assets.
A trader can access assets that aren't available on the blockchain using Synthetix. In addition to creating indexes, Synthetix allows users to create baskets of multiple DeFi assets that track their prices.
A maximum collateralization ratio of 750% backs every Synth created on Synthetix in the form of staking SNX tokens (and is subject to change). When a balance on Mintr reaches a certain threshold, a user must mint sUSD individually or burn sUSD manually.
Through staking SNX and minting sUSD, users are essentially taking on debt, which reflects the amount of sUSD that has to be burned to un-stake their SNX. This, in turn, represents a portion of all of the debt on Synthetix and is denominated in sUSDT, and that debt increases or decreases in accordance with the supply of Synths and their exchange rates.
Synthetix, a protocol to trade derivatives on Ethereum, was founded by Kain Warwick, who currently leads the team developing the protocol.
The biggest cryptocurrency platform in Australia is Blueshyft, which he built in the past. In addition, he served as a non-executive director of the company.
Also, Warwick was an Advisory Council Member at Blockchain Australia and a member of The Burger Collective's Advisory Board before joining Blockchain Australia.
Initial Coin Offerings (ICOs) and the sale of SNX, their native token, raised $30 million in early 2018 through Havven's Initial Coin Offering (ICO).
Moses has worked on Synthetix since its inception and is the company's CTO. As Director of Engineering at MongoDB, Moses was before joining Synthetix. His expertise lies in the design and deployment of large-scale systems.
Clint Ennis, Synthetix's Senior Architect, has more than 18 years of software engineering experience. Formerly an architect lead at JPMorgan Chase, Ennis has a background in traditional finance.
Stake SNX: One way to build new Synths is to stake SNX. Staking can lead to prizes, rewards, and a larger holding.
Trade Synths: SNX coins are used for exchanging Synths between users.
A decentralized exchange or synthetic assets may be more popular in cryptocurrency in the future, so you may want to use SNX.
Further, if you buy SNX and stake it, you'll gain rewards, including a percentage of network trade fees and newly minted SNX.
Also, the platform may appeal to traders because of its variety of synthesizers. Synthetix will likely continue to be used by crypto asset traders due to the SNX token.
Token Name | Synthetix Network
|
Ticker | SNK |
24h Volume | $ 75.83 million ($ 75,829,940) |
Market cap | $ 714.83 million ($ 714,833,080) |
Fully diluted market cap | $ 212,461 |
Circulating supply | 314.09 million SNX (314,089,132.09 SNX) |
Total supply | 314.09 million SNX (314,089,132.10 SNX) |
Max supply | 93,353.00 SNX |
Ethereum contract address | 0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f |
Issuance blockchains | Ethereum, Polygon |
Where is the Synthetix (SNX) coin available?
Synthetix (SNX) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Synthetix (SNX)
The current price of the Synthetix(SNX) is $3.01, with a current market cap $1,013,031,453.89.
SNX is a ticker symbol of the Synthetix.
At the movement,336.82M Synthetix tokens are already in the market out of 337.24M SNX.
There are many options for buying crypto, and Synthetix can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Synthetix. It's a quick, easy, and secure way to buy Synthetix(SNX).
No, It is not a stablecoin.
Synthetix had an all-time low of $0.0325.
Synthetix had an all-time high of $28.77.
The current Synthetix price is $3.01. In the last 24 hours, Synthetix price has gone up by -10.70%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Synthetix price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Synthetix at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging SNX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Synthetix can be earned or received in various ways. SNX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the SNX, including SNX to PHP, SNX to INR, SNX to NGN, SNX to THB, SNX to CAD, SNX to PKR, SNX to IDR , SNX to EUR , SNX to AUD , SNX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 SNX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like SNX to BABYSHIRO, SNX to SXCH, SNX to SDM, SNX to ARTY, SNX to PEPE, SNX to $RIF, SNX to SUSHI, SNX to XRP, SNX to ETH, SNX to SOL .
Synthetix price today is $3.01 USD, which is Down by -10.70% over the last 24 hours. There has been an hourly Dip by -1.02%. Synthetix's market cap currently sits at $1,013,031,453.89 USD, holding up for a market cap rank at #111. The volume were at $104,257,112.11 USD Synthetix ranks no 111 in the market capitalization of Synthetix is at $1,013,031,453.89 and its volume for 24 hours is $104,257,112.11. Synthetix are under circulation, with total supply of 337.24M and the Maximum supply of 0.
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SNX Price | $3.01 |
Percentage Change ( 24h ) | ▼10.7% $0.41 |
24h High / Low | $3.42 / $3.01 |
Trading Volume 24h | $104,257,112.11 |
Volume / Market Cap | 0.10292 |
Market Dominance | 0.03% |
Market Rank | 111 |
Market Cap | $1,013,031,453.89 |
Fully Diluted Market Cap | $1,014,305,587.99 |
All Time High | $28.77 ▼89.54% |
All Time Low | $0.0325 ▲9139.47% |
Circulating Supply | 336,819,847 SNX |
Total Supply | 337,243,480 SNX |
Max Supply | - |