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 | 87.2% | 21 | $20 345.66 | 0.68% | 4.63% | $390 038 684 495 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 65.6% | 78 | $1 374.40 | 1.37% | 2.72% | $168 598 361 729 |  |
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| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000121 | -0.01% | 0.01% | $68 220 841 049 |  |
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| 4 |  BNB |
Binance Coin predictions | 82.8% | 21 | $296.73 | 0.69% | 4.71% | $47 874 262 742 |  |
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| 5 |  USDC |
USD Coin predictions | 92.8% | 1 | $0.999979 | 0% | 0% | $46 433 140 192 |  |
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| 6 |  XRP |
XRP predictions | 61.6% | 85 | $0.495963 | 4.48% | 12.27% | $24 728 013 610 |  |
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| 7 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000423 | 0.08% | 0.06% | $21 051 132 248 |  |
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| 8 |  ADA |
Cardano predictions | 74.8% | 42 | $0.435548 | 0.53% | 0.07% | $14 921 259 274 |  |
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| 9 |  SOL |
Solana predictions | 86.8% | 21 | $34.35 | 0.55% | 2.13% | $12 202 401 025 |  |
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| 10 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  DOGE |
Dogecoin predictions | 83.2% | 21 | $0.065040 | 0.21% | 7.22% | $8 628 855 287 |  |
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| 12 |  MATIC |
Polygon predictions | 72% | 56 | $0.849285 | 1.08% | 13.76% | $7 417 926 072 |  |
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| 13 |  DOT |
Polkadot predictions | 70% | 59 | $6.51 | 0.99% | 1.37% | $7 310 822 407 |  |
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| 14 |  DAI |
Dai predictions | 94.4% | 1 | $1.000258 | 0.05% | 0.05% | $6 791 926 054 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 91.2% | 5 | $0.062654 | 0.54% | 4.96% | $6 370 364 994 |  |
