Table of Contents:
- Coin prognosis
- What is Synthetix coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy SNX
Possible bearishness on Synthetix Downside
Over the past few weeks, Synthetix's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying SNX at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
| SNX Price | $2.2010 USD |
| Price Change24h | $-0.5210 USD (-19.14%) |
| 24h Low / 24h High | $2.1530 / $2.7460 USD |
| Trading Volume24h | $3,110,124 USD |
| MarketCap | $672,368,576 USD |
What is Synthetix? Fundamental Analysis
Synthetix (SNX) is a rebranding of Havven.io (HAV).Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties.This mechanism is designed to solve the liquidity and slippage issues experienced by DEX’s. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX.
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Nov 27, 2022 | $2.7460 | Neutral |
| December, 2022 | $ 2.8220 USD | Upside |
| January, 2023 | $ 2.8698 USD | Upside |
| February, 2023 | $ 4.0810 USD | Upside |
| May, 2023 | $ 2.5847 USD | Downside |
| November, 2023 | $ 10.3636 USD | Upside |
SNX Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Synthetix rise today? | Our data indicates Synthetix will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Synthetix (SNX) in future? | Our analysis shows a possible all time high of $10.3636 USD |
| Will Synthetix (SNX) price increase in future? | Our prognosis shows Synthetix (SNX) will increase exponentially in future, attaining a possible coin price of $10.3636 USD |
| Will an Investment in Synthetix (SNX) be profitable or make a loss? | Synthetix will be a profitable investment in the next 1 year, giving hodlers a good return. |
| What will be the highest price of Synthetix (SNX) in future? | $10.3636 USD |
| Will the price of Synthetix (SNX) move downward in future? | Up only |
| At the end of the year, what will be the price of 1 Synthetix? | Our algorithms indicates an end of year price of 1 SNX = $10.3636 USD. |
| What is the Synthetix price prediction for 2025? | By the year 2025, the price of one SNX could be as high as $51.8182 USD |
| Synthetix price prediction for 2030? | Too hard to predict. The crypto market changes rapidly. Hence, s lot can change between now and 2030. |
| Where do I buy Synthetix? | We painstakingly listed out some great options for you. Purchase SNX coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like SNX has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| November 8, 2022 | $2.6 | $6,278,676 |
| November 7, 2022 | $2.52 | $10,089,639 |
| November 6, 2022 | $2.655 | $3,190,658 |
| November 5, 2022 | $2.72 | $4,366,131 |
| November 4, 2022 | $2.429 | $4,478,974 |
| November 3, 2022 | $2.373 | $3,890,917 |
| November 2, 2022 | $2.504 | $3,265,898 |
| November 1, 2022 | $2.51 | $3,128,079 |
| October 31, 2022 | $2.447 | $2,786,832 |
| October 30, 2022 | $2.527 | $2,614,733 |
| October 29, 2022 | $2.42 | $4,936,659 |
| October 28, 2022 | $2.388 | $3,262,091 |
| October 27, 2022 | $2.44 | $4,244,303 |
| October 26, 2022 | $2.296 | $4,272,960 |
| October 25, 2022 | $2.192 | $2,546,902 |
| October 24, 2022 | $2.267 | $2,144,135 |
| October 23, 2022 | $2.211 | $1,096,023 |
| October 22, 2022 | $2.204 | $909,624 |
| October 21, 2022 | $2.245 | $2,229,920 |
| October 20, 2022 | $2.284 | $3,006,022 |
| October 19, 2022 | $2.372 | $4,320,178 |
| October 18, 2022 | $2.332 | $4,333,102 |
| October 17, 2022 | $2.278 | $6,608,508 |
| October 16, 2022 | $2.059 | $8,059,038 |
| October 15, 2022 | $2.072 | $1,224,584 |
| October 14, 2022 | $2.185 | $2,008,716 |
| October 13, 2022 | $2.064 | $4,913,854 |
| October 12, 2022 | $2.061 | $1,084,417 |
| October 11, 2022 | $2.118 | $1,810,466 |
| October 10, 2022 | $2.252 | $1,691,216 |
Where and How to Buy Synthetix (SNX) Coin
There are 3 steps to purchasing Synthetix. They are:
- Buy Bitcoin: Buying Bitcoin in 2022 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase SNX directly with USD. They are: Coinbase, Gemini, Kraken, Cexio, Bitfinex, ftx, P2PB2B, .
- Move the Bitcoin to an Exchange that supports SNX: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the SNX/BTC trading pairs.
At the moment, SNX is currently available for purchase with Bitcoin at Kraken, HuobiPro, OKEX, huobikorea, Kucoin, CoinEx, oneinch, uniswap, Coinbase, Kraken, Liquid, Binance, aax, HuobiPro, Poloniex, HitBTC, huobikorea, Kucoin, Coinsbit, CoinEx, decoin, P2PB2B, . - Buy Synthetix on the Exchange: Now, you can buy Synthetix with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different SNX pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | SNX/USD | $9,018,376 USD | AA |
| Gemini | SNX/USD | $515,532 USD | AA |
| Kraken | SNX/USD | $1,104,700 USD | AA |
| Cexio | SNX/USD | $3,263 USD | A |
| Bitfinex | SNX/USD | $61,886 USD | A |
| ftx | SNX/USD | $267,281 USD | A |
| P2PB2B | SNX/USD | $30,674 USD | D |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | SNX/BTC | 13.6979 BTC | AA |
| Kraken | SNX/BTC | 2.8173 BTC | AA |
| Liquid | SNX/BTC | 0.0380 BTC | A |
| Binance | SNX/BTC | 89.3977 BTC | A |
| aax | SNX/BTC | 10.9962 BTC | A |
| HuobiPro | SNX/BTC | 10.2631 BTC | A |
| Poloniex | SNX/BTC | 1.1517 BTC | A |
| HitBTC | SNX/BTC | 0.0818 BTC | B |
| huobikorea | SNX/BTC | 9.4138 BTC | B |
| Kucoin | SNX/BTC | 1.6970 BTC | B |
| Coinsbit | SNX/BTC | 1.9875 BTC | B |
| CoinEx | SNX/BTC | 1.2999 BTC | C |
| decoin | SNX/BTC | 5.4264 BTC | C |
| P2PB2B | SNX/BTC | 0.8555 BTC | D |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Kraken | SNX/ETH | 77.8548 ETH | AA |
| HuobiPro | SNX/ETH | 53.6647 ETH | A |
| OKEX | SNX/ETH | 31.5584 ETH | BB |
| huobikorea | SNX/ETH | 49.6996 ETH | B |
| Kucoin | SNX/ETH | 41.8055 ETH | B |
| CoinEx | SNX/ETH | 33.7750 ETH | C |
| oneinch | SNX/ETH | 94.5649 ETH | - |
| uniswap | SNX/ETH | 0.8063 ETH | - |
