Synthetix Price Prediction: Synthetix Price to Breach $4 in 2022?

Synthetix Price Prediction: Synthetix Price to Breach $4 in 2022?

Synthetix Price Prediction: Synthetix Price Prediction(aggregate) for 2022 is $3 and SNX price prediction 2025 is bullish. However, if SYN gains 50% a month from now, the price prediction is $3.66.


Current Price of SNX

Synthetix Price Prediction: Performance

SNX is down nearly 60% since January 2022. It is one of the worst-performing cryptos in its category.

In the last five days, SNX has added around 5% in its value.

Synthetix Price Prediction: Performance Analysis

UNIGain/Loss
Last 5 Days+12.1%
YTD-69.8%
CAKE
Last 5 Days+5.6%
YTD-59.6%
SNX
Last 5 Days+3.7%
YTD-59.9%

SNX Price Prediction: What is Synthetix (SNX) Protocol?

Synthetix is positioning itself as Liquidity Protocol and guarantees the traders to have some of the best price execution around, with little to no slippage and fills you can’t get elsewhere. Here are some facts about Synthetix:

  • Synthetix Network was launched in September 2017 by Kain Warwick under the name Havven (HAV).
  • In 2018, Havven was rebranded to Synthetix.
  • Synthetix is a DeFi protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets.
  • It has been developed on the Ethereum blockchain.
  • As per the official Synthetix platform, it is a new form financial service provider which helps in the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain.
  • Synthetix offers to provide all the services of Defi with a fully on-chain permissionless futures trading experience.

SNX Price Prediction: How is Synthetix Different from Others?

  • Synthetix claims to track the price movement of not just cryptocurrencies but also of fiat currencies, stocks, commodities, and others without any slippage.
  • Synthetix is a DEX exchange having its own assets known as Synths. The exchange allows users to trade autonomously with the help of Synths.
  • In other words, Synths, are assets voted into existence by the community.
  • Synths can be in any form, it can be in the form of cryptocurrencies, fiat, stocks, or any commodities having a price.

SNX Price Prediction: Synthetix Price Prediction: What is the Use of SNX Token?

SNX is the native token of Synthetix. It is used to stake on the platform. It is used as collateral on the Synthetix platform, in other words whenever a Synth or Synthetix asset is issued, SNX token is locked up in the smart contract.

SNX is also used to reward investors.

SNX Price Prediction: Who are the Competitors and How Have They Performed?

With the growing demand in the blockchain industry, DEX, or Decentralized Exchange, providing a peer-to-peer marketplace for users has also grown. However, unlike the non-DEX exchanges which allows fiat to crypto trade, DEX allows only crypto to crypto trade.

However, the trades in DEX exchanges are booming and with more players entering, the DEX exchange value is predicted to rise higher.

Some of the best DEX platforms are:

  • Defi Swap 
  • Uniswap
  • Pancakeswap
  • Curve
  • 1inch 

Among these DEX platforms, 1inch is a part of the Synthetix ecosystem.

SNX Price Prediction: Long-Term Prediction

Price Prediction 2023

SNX price is predicted to remain below $4 in 2023. If SNX gains 50% a year from now, the SNX Crypto Price Prediction 2023 is $3.66.

If SNX gains only 10% a year, the 2023 Price Prediction of SNX is $2.68.

SNX Price Prediction 2025

SNX price prediction 2025 is bullish. If SNX rises 50% a year, then SNX Price could reach $8.24 in 2025. However, the price could remain below $4 if SNX gains only 10% a year.

Synthetix Price Prediction 2030

In 2030 SNX could reach $20 if the price rises 30% a year from now.

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SNX Price Prediction Today

Overall OutlookNegative
Market WisdomNegative
Market DataLower
Technical RecommendationSell
Crowd’s WisdomNegative
Social Media Net SentimentLower

SNX Price Prediction: Latest Tweets

https://www.youtube.com/watch?v=r26dpDTOCYw&ab_channel=CryptoShark

SYNTHETIX Price Prediction: Technical Analysis

Trend
Trading ViewBuy

Synthetix Price Prediction: Latest Video

YouTube video

Synthetix Network Token Price Prediction: Market Cap and Volume Data

Value
Rank68
Market Capital$572 M
Trading Volume (24H)$45.3 M

SNX Price Prediction 2022

Average SNX Price Prediction 2022$3.0

Synthetix Price Prediction: How to buy SNX Token?

Here are the steps to buying SNX crypto:

  1. Finding the Exchange where the SNX coin is listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

The exchanges where SNX can be traded are Cypto.com, Binance, KuCoin, etc.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

SNX Crypto Price Prediction
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.