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Synthetix Price Prediction | Forecast for SNX

Go to: Buy SNX

Table of Contents:

  1. Coin prognosis
  2. What is Synthetix coin?
  3. Future price prediction
  4. Frequently asked questions
  5. Historical Price Data
  6. 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 (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. 

Synthetix price prediction

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:

  1. 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, .
  2. 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, .
  3. 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
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

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Kraken SNX/ETH 77.8548 ETH AA
HuobiPro SNX/ETH 53.6647 ETH A
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 -

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