Table of Contents:
- Coin prognosis
- What is Synthetix coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy SNX
Possible bullishness on Synthetix Up Only
Our coin price forecasting algorithm indicates bullishness on the SNX/USD pair. This means it will do well in the near to long term. This page will offer an in-depth look on short-term and mid to long-term price predictions/possible price movements for Synthetix, using ranking algorithms that are based on Historical price data.
| SNX Price | $3.8720 USD |
| Price Change24h | $-0.2130 USD (-5.21%) |
| 24h Low / 24h High | $3.7290 / $4.1270 USD |
| Trading Volume24h | $1,513,249 USD |
| MarketCap | $1,115,961,984 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 |
|---|---|---|
| Aug 13, 2022 | $4.1270 | Neutral |
| September, 2022 | $ 5.5900 USD | Upside |
| October, 2022 | $ 5.5529 USD | Upside |
| November, 2022 | $ 5.4960 USD | Upside |
| February, 2023 | $ 5.0183 USD | Upside |
| August, 2023 | $ 9.9597 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 $9.9597 USD |
| Will Synthetix (SNX) price increase in future? | Our prognosis shows Synthetix (SNX) will increase exponentially in future, attaining a possible coin price of $9.9597 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? | $9.9597 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 = $9.9597 USD. |
| What is the Synthetix price prediction for 2025? | By the year 2025, the price of one SNX could be as high as $49.7983 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 flutuations. Rising volume like Synthetix has is a great indication it will do well in the short term.
| Date | Price | Volume |
|---|---|---|
| August 10, 2022 | $3.813 | $579,314 |
| August 9, 2022 | $4.096 | $5,533,337 |
| August 8, 2022 | $4.078 | $5,485,494 |
| August 7, 2022 | $4.274 | $4,224,606 |
| August 6, 2022 | $4.059 | $9,679,748 |
| August 5, 2022 | $3.777 | $11,317,486 |
| August 4, 2022 | $3.711 | $7,585,315 |
| August 3, 2022 | $3.799 | $11,020,622 |
| August 2, 2022 | $3.61 | $15,113,007 |
| August 1, 2022 | $3.568 | $9,216,884 |
| July 31, 2022 | $3.646 | $6,858,701 |
| July 30, 2022 | $4.038 | $8,622,497 |
| July 29, 2022 | $4.134 | $11,212,700 |
| July 28, 2022 | $3.746 | $28,292,545 |
| July 27, 2022 | $2.973 | $8,877,824 |
| July 26, 2022 | $2.969 | $5,410,565 |
| July 25, 2022 | $3.423 | $7,462,916 |
| July 24, 2022 | $3.233 | $7,245,435 |
| July 23, 2022 | $3.015 | $4,328,674 |
| July 22, 2022 | $3.284 | $9,434,465 |
| July 21, 2022 | $2.86 | $9,210,161 |
| July 20, 2022 | $2.971 | $9,716,460 |
| July 19, 2022 | $2.95 | $6,826,932 |
| July 18, 2022 | $2.653 | $9,187,178 |
| July 17, 2022 | $2.803 | $3,238,359 |
| July 16, 2022 | $2.547 | $5,404,707 |
| July 15, 2022 | $2.71 | $5,171,376 |
| July 14, 2022 | $2.516 | $7,233,977 |
| July 13, 2022 | $2.321 | $4,695,863 |
| July 12, 2022 | $2.307 | $4,519,538 |
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 | - |
