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 | 80.8% | 30 | $63 967.05 | 0.51% | -7.09% | $1 259 329 258 594 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.2% | 40 | $3 065.38 | -0.03% | -10.54% | $368 070 378 827 |  |
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| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000569 | 0.02% | 0.12% | $109 531 822 507 |  |
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| 4 |  BNB |
Binance Coin predictions | 87.2% | 22 | $560.39 | 1.65% | -8.44% | $83 796 500 753 |  |
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| 5 |  SOL |
Solana predictions | 76.8% | 48 | $146.49 | 5.09% | -12.39% | $65 453 698 269 |  |
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| 6 |  USDC |
USD Coin predictions | 95.2% | 2 | $0.999955 | -0.01% | 0% | $33 210 929 013 |  |
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| 7 |  XRP |
XRP predictions | 76% | 52 | $0.501493 | 0.15% | -15.53% | $27 646 875 112 |  |
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| 8 |  TON |
Toncoin predictions | 70.8% | 61 | $6.33 | 1.44% | -8.58% | $21 989 418 778 |  |
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| 9 |  DOGE |
Dogecoin predictions | 71.2% | 60 | $0.152428 | 1.85% | -21.30% | $21 942 274 571 |  |
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| 10 |  ADA |
Cardano predictions | 71.2% | 56 | $0.470436 | 3.62% | -15.96% | $16 759 109 871 |  |
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| 11 |  SHIB |
SHIBA INU predictions | 58.4% | 85 | $0.000023 | 0.41% | -14.68% | $13 459 692 745 |  |
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| 12 |  AVAX |
Avalanche predictions | 66.8% | 63 | $35.29 | 1.53% | -19.54% | $13 337 848 652 |  |
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| 13 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 14 |  WBTC |
Wrapped Bitcoin predictions | 82.8% | 30 | $64 126.50 | 0.92% | -6.94% | $9 964 215 691 |  |
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| 15 |  DOT |
Polkadot predictions | 73.6% | 52 | $6.78 | 0.57% | -16.07% | $9 732 469 690 |  |
