Synthetix Price Prediction

Synthetix is ​​a protocol for issuing and trading synthetic assets based on Ethereum. The platform is built on the PoS algorithm and stakers play a key role in the system. The main goal is to reduce friction during switching between different assets in order to make them accessible to everyone.

The SNX token is locked in a smart contract, which allows holders to create "synth" - synthetic assets. Due to this, any user of the system can exchange one synthetic asset for another directly and without intermediaries.

SNX Statistics

Here you can see more detailed information about the SNX token:

Synthetix Roadmap

Synthetix was founded in 2017. The development strategy of the project is to increase the participation of community members in decision-making regarding product improvement. But in terms of future changes in functionality or integrations, no such plans for the future have been made public yet. However, we can look at what the development team has done in 2022.

Partnerships:

1. with Gauntlet for network risk analysis and optimization;
2. with dHEDGE to instantly deploy a mirrored debt index for SNX participants on the Ethereum network.

1. A debt pool synthesis has also taken place, affecting hedge debt and inflationary SNX staking rewards
2. New pre-liquidation mechanism launched
3. Perpetual Futures beta launch
4. This was followed by releases of additional perpetual futures markets
5. Synthetix and Lyra now stimulate liquidity for sUSD on Optimism
6. Also now ETH loans are available at the second level through staking
7. Synthetix started investing in sports

Peacock, Alsephina, Mirzam, Alphard, Polaris, Hamal, Algieba, Mirarch, Kochab and Saiph were also released.

Crypto community about SNX

Crypto enthusiasts share their experience in trading SNX tokens with the community and enjoy the new implementations of the company. They also make encouraging price predictions.

SNX Price Prediction

1. According to Tradingbeasts we can see the following SNX price prediction for 2022:

1. Walletinvestor predicts the following price range for 2022:

1. DigitalCoinPrice, in turn, provides the following SNX price prediction for 2022:

SNX Price Prediction 2025

As of June 09, 2022:

According to Tradingbeasts, by 2025 the price of SNX may rise to $6.65. Walletinvestor makes a not so optimistic forecast - according to its data, the maximum price by 2025 is $0.35. Based on DigitalCoinPrice, the SNX price could rise to almost $6 in 2025.

SNX Price Prediction 2030

As of June 09, 2022:

DigitalCoinPrice experts predict $12.6 as the highest price SNX can reach by 2030.

SNX Historical Price Analysis

All-Time High - $28.77 (Feb 14, 2021)

All-Time Low - $0.03258 (Jan 05, 2019)

In the spring of 2018, after the ICO, the price of the SNX token was about $0.45. It stayed at this level until the middle of 2020. Then the price began to rise and reached $7 as the token was listed on Binance.

Soon the price fell a little, but after listing on Coinbase Pro, it began to gradually increase again. By mid-February 2021, the price reached its historical maximum. Then there was an adjustment and a decrease to $13.72. The next jump was to $23 at the end of May 2021. Following this, the price of SNX quickly began to drop and reached $5.8 by the end of June. The last powerful price jump was in mid-August to $15. Then the price gradually began to fall. In 2022, we can observe a range of $2.5 - $6.5.

Overall, the Synthetix platform looks like a good project with obvious and clear goals that satisfies the needs of traders. Profitability is clearly tracked, and the Synthetix ecosystem allows you to start working with synthetic products at a different level.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.