Bitcoin
BTC$48 040.82

-1.15%

Ethereum
ETH$3 406.76

-3.36%

Cardano
ADA$2.37

-1.97%

Binance Coin
BNB$409.51

-2.13%

Tether
USDT$0.998941

-0.15%

XRP
XRP$1.074680

-1.02%

Synthetix Network (SNX) Price, Market Cap and Information


Synthetix Network (SNX) Buy Synthetix Network Now
Synthetix Network (SNX) Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA (coming soon), and AAPL (coming soon) within the Ethereum blockchain.
CVIX 51
Current price $12.54
Change 24h -7.39%
Change 7d 12.50%
Market Cap $1 439 670 631
Available supply 114 841 533 SNX
Volume 24h $131 941 247
Updated Sunday, September 19, 2021 11:00:07AM UTC
Nature Token
Mineable No
Discussion
WWW Website

Synthetix Network price change 24 hours

Synthetix Network Short Term Forecast

After Price Change
1 day $14.37 14.08%

Synthetix Network Price Predictions

Synthetix Network General Information

General SNX facts, technical details and Synthetix Network Cryptocurrency information

Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example, each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes.

In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.

How does Synthetix work?


Synthetix is otherwise composed of a smart contract infrastructure and a set of incentives that maintains Synth prices. It is underpinned by the value of the Synthetix Network Token (SNX). SNX acts as collateral; staking a proportional value of SNX is required to mint Synths. Stakers are rewarded for supporting the system with a pro-rata share of the fees generated by activity in the system. The value of SNX is thus directly connected with the usage of the network it collateralizes.

This mechanism allows Synthetix to support instantaneous, near-frictionless conversion between different flavors of Synths without the liquidity and slippage issues experienced by other decentralized exchanges. The resulting network of tokens supports an extensive set of use cases including trading, loans, payments, remittance, eCommerce, and more.

Synthetix was launched in late 2017, originally under the name of Havven (HAV).

Synthetix Network Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Sep 10 11.29 10.33 11.81 1 186 093 247
Sep 11 10.56 10.56 11.02 1 233 109 190
Sep 12 10.83 10.65 11.28 1 254 065 341
Sep 13 10.97 10.17 12.65 1 452 572 124
Sep 14 12.85 12.25 13.88 1 534 463 476
Sep 15 13.75 13.11 15.18 1 743 148 853
Sep 16 14.93 13.94 15.70 1 666 716 217
Sep 17 14.66 12.53 14.72 1 439 397 089
Sep 18 12.77 12.43 13.54 1 427 980 390
Sep 19 12.58 12.26 12.73 1 439 670 631

SNX/USD Price Charts

SNX to USD price chart – 7 days
SNX to USD price chart – 30 days
SNX to USD price chart – 60 days
SNX to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Synthetix Network information, SNX Prices and SNX's Market Cap. For the most up-to-date prices please visit the Synthetix Network's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 89.6% 18 $48 040.82 -1.15% 4.49% $904 138 209 931 $27 168 138 382
2 Ethereum (ETH) ETH Ethereum predictions 74% 50 $3 406.76 -3.36% -0.59% $400 587 974 492 $14 083 515 721
3 Cardano (ADA) ADA Cardano predictions 65.2% 67 $2.37 -1.97% -9.16% $75 770 110 129 $1 761 903 242
4 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 70 $409.51 -2.13% -1.24% $68 853 321 231 $1 118 665 295
5 Tether (USDT) USDT Tether predictions 95.6% 1 $0.998941 -0.15% -0.13% $68 220 155 150 $55 238 355 832
6 XRP (XRP) XRP XRP predictions 67.2% 61 $1.074680 -1.02% -2.67% $50 104 002 644 $2 001 954 604
7 Solana (SOL) SOL Solana predictions 56.4% 90 $159.62 -0.39% -11.29% $47 403 146 839 $4 342 326 777
8 Polkadot (DOT) DOT Polkadot predictions 60.8% 81 $33.87 -3.28% 5.40% $33 450 932 962 $1 531 270 854
9 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 75 $0.238990 -2.72% -2.75% $31 391 728 418 $814 388 693
10 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.998865 -0.13% -0.15% $29 376 466 972 $1 886 680 146
11 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 69 $72.57 1.86% 14.34% $15 986 861 751 $1 646 527 720
12 UniSwap (UNI) UNI UniSwap predictions 66.8% 64 $24.41 -2.34% 2.68% $14 931 117 171 $258 525 925
13 Terra (LUNA) LUNA Terra predictions 67.6% 64 $35.81 0.61% -13.26% $14 384 328 816 $821 923 843
14 Chainlink (LINK) LINK Chainlink predictions 74% 50 $28.31 -3.15% 0.91% $12 837 320 531 $907 387 794
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.998729 -0.16% -0.14% $12 797 266 194 $4 423 728 987

News, Promo

SNX
Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch

The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked...

13 Jul 2021

#Synthetix Network

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.