Bitcoin
BTC$41 774.92

-1.51%

Ethereum
ETH$3 118.68

-1.45%

Tether
USDT$1.000320

-0.02%

Binance Coin
BNB$466.91

-0.67%

USD Coin
USDC$1.000410

0.03%

Cardano
ADA$1.34

-9.23%

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 61
Current price $4.96
Change 24h -1.95%
Change 7d -8.24%
Market Cap $569 648 229
Available supply 114 841 533 SNX
Volume 24h $67 398 972
Updated Wednesday, January 19, 2022 10:00:04PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Synthetix Network price change 24 hours

Synthetix Network Short Term Forecast

After Price Change
1 day $4.85 -2.24%

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, $
Jan 10 5.11 4.77 5.13 556 002 468
Jan 11 4.88 4.87 5.07 579 772 050
Jan 12 5.07 5.06 5.41 620 802 508
Jan 13 5.41 5.11 5.48 587 139 680
Jan 14 5.10 4.98 5.22 597 136 983
Jan 15 5.24 5.24 5.38 611 453 780
Jan 16 5.29 5.22 5.42 620 188 371
Jan 17 5.38 4.96 5.38 572 367 476
Jan 18 4.99 4.92 5.06 579 954 846
Jan 19 5.03 4.89 5.03 569 648 229

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 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 68.4% 61 $41 774.92 -1.51% -4.69% $790 978 008 201 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 77 $3 118.68 -1.45% -7.60% $371 830 760 833 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000320 -0.02% 0% $78 339 642 559 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 59 $466.91 -0.67% -4.12% $77 094 686 457 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000410 0.03% 0.03% $45 996 617 886 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 75.2% 51 $1.34 -9.23% 3.04% $44 862 610 713 ADA 7 days price change
7 Solana (SOL) SOL Solana predictions 62.4% 82 $136.01 -3.30% -10.60% $42 727 088 409 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 66.8% 66 $0.741075 -2.05% -7.24% $35 321 959 717 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 74% 56 $80.80 0.51% 0.71% $28 879 627 990 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 72% 51 $24.15 -4.13% -11.76% $23 854 220 686 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 46 $0.162274 -2.55% 1.56% $21 529 056 131 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 60.8% 81 $83.56 -3.11% -11.61% $20 417 555 600 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 61 $0.000027 -3.13% -14.21% $15 094 146 945 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70.4% 59 $2.05 -5.04% -12.70% $15 023 124 537 MATIC 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $0.999348 -0.14% 0% $14 332 300 070 BUSD 7 days price change

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

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