Synthetix Price Prediction
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Today's ForecastsSynthetix(SNX) opened trading today at $4.91. It achieved a Market high of $5.49 and a subsequent Market low of $4.76, Representing a change of $0.28 and price percentage change of 5.61% . Its current Price is $5.19 representing a market share of 0.17% only.
A total volumn of $12,768,688 worth of Synthetix traded hands today, achieving a Maximum Market Cap of $1,093,826,176 for the day.
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The Bull Case 🐃 for Synthetix
Many people are looking to invest in digital assets (including Synthetix) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for Synthetix as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, Synthetix has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
Synthetix is currently trading around $5.19.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of Synthetix
Havven is a decentralised payment network designed to enable everyday cryptocurrency purchases. The network uses a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralise the network which is secured by the blockchain enabling the creation of a new asset-backed stable coin, common tokens.
Havven is an ERC-20 compliant token, that will serve to reward the token holders with the fees charged on each transaction on the Havven network.
SNX Trading Stats for Today - 2020-12-03 01:36:44 +00:00 GMT
|Current Supply||210,952,384 SNX|
|Total Supply||100,000,000 SNX|
|24h Volume (coin)||2,462,535 SNX|
|24h Volume (currency)||$12,768,688|
|Last updated||2020-12-03 01:36:44 +00:00 GMT|
Other Price Forecasts similar to Synthetix(SNX) :
Common SNX Price Prediction Questions
What is Synthetix’s potential future value?
SNX's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what Synthetix is and what it does. This is because Synthetix's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can SNX make you one?
What is going on with Synthetix's price?
In order not to be too rattled, read our Fundamental analysis above on Synthetix to know if it’s a good hodl.
How high will Synthetix go?
No one really knows for sure. We however predict SNX might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is Synthetix(SNX) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of Synthetix to see its expected value. You can also visit Synthetix's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The Synthetix website page will quickly provide you with that value.
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Why is Synthetix's price going down?
It’s difficult to tell right now as the daily SNX candle hasn’t closed. However a quick way to know the reason for any sudden disruption in Synthetix's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for Synthetix, Simple click the Social Button on this page, located immediately below the Price Charts.
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