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 for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday. A flurry of technical and fundamental factors contributed to the sudden market demand for Synthetix tokens, including founder Kain Warwick's update on the project's much-awaited layer 2 solutions. Layer 2 refers to the techniques for scaling blockchains by taking computation and transaction load from the parent layer and put them onto a base layer. Synthetix, an Ethereum-based synthetic asset platform, has been testing such scalability solutions since October 2020 to limit its dependency of Ethereum's higher gas and transaction fees model. Last Saturday, more than 12 hours before the SNX/USD rate started rallying, Warwick announced Synthetix would launch a layer 2 exchange in the week beginning July 26. He also revealed Optimistic Ethereum (OΞ) has the underlying technology that would back the synthetic asset (or Synths) trading platform.
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Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.6% | 29 | $62 871.67 | -0.59% | 5.26% | $1 242 136 443 342 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.8% | 43 | $2 543.02 | 3.23% | 5.22% | $306 041 976 839 |  |
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| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000085 | -0.02% | -0.03% | $119 083 020 595 |  |
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| 4 |  BNB |
Binance Coin predictions | 76.8% | 37 | $567.08 | 0.22% | 2.38% | $82 756 033 644 |  |
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| 5 |  SOL |
Solana predictions | 76.8% | 39 | $146.80 | 2.54% | 6.38% | $68 774 443 942 |  |
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| 6 |  USDC |
USD Coin predictions | 96% | 1 | $1.000025 | 0.01% | 0.01% | $35 731 338 676 |  |
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| 7 |  XRP |
XRP predictions | 82% | 36 | $0.583207 | -1.08% | 2.78% | $32 912 981 387 |  |
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| 8 |  DOGE |
Dogecoin predictions | 80.8% | 30 | $0.104630 | -1.16% | -1.66% | $15 279 969 329 |  |
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| 9 |  TON |
Toncoin predictions | 76.8% | 45 | $5.60 | -2.23% | -3.63% | $14 182 969 308 |  |
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| 10 |  TRX |
TRON predictions | 88.4% | 8 | $0.151977 | 0.59% | 2.03% | $13 171 779 937 |  |
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| 11 |  ADA |
Cardano predictions | 77.2% | 41 | $0.351820 | -0.28% | -2.10% | $12 651 667 387 |  |
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| 12 |  AVAX |
Avalanche predictions | 73.6% | 45 | $27.14 | 2.75% | 9.98% | $11 018 624 656 |  |
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| 13 |  STETH |
Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 14 |  WTRX |
Wrapped TRON predictions | 94.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
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| 15 |  WBTC |
Wrapped Bitcoin predictions | 91.6% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
