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 | 65.2% | 76 | $61 260.18 | -3.02% | -0.54% | $1 154 847 886 762 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72% | 57 | $4 024.37 | -3.05% | 4.78% | $475 029 097 178 |  |
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| 3 |  BNB |
Binance Coin predictions | 72% | 60 | $481.66 | 0.28% | 1.80% | $80 341 547 819 |  |
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| 4 |  ADA |
Cardano predictions | 92% | 12 | $2.16 | -1.14% | -2.37% | $70 995 337 627 |  |
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| 5 |  USDT |
Tether predictions | 95.6% | 1 | $1.000149 | 0% | 0.08% | $69 584 487 051 |  |
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| 6 |  SOL |
Solana predictions | 72% | 55 | $202.97 | 1.04% | 28.02% | $61 059 730 630 |  |
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| 7 |  XRP |
XRP predictions | 76.8% | 50 | $1.093272 | -1.25% | -3.76% | $51 325 127 678 |  |
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| 8 |  DOT |
Polkadot predictions | 63.6% | 79 | $44.49 | -0.97% | 2.43% | $43 937 978 522 |  |
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| 9 |  DOGE |
Dogecoin predictions | 74% | 56 | $0.246292 | 0.45% | 4.22% | $32 461 382 763 |  |
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| 10 |  USDC |
USD Coin predictions | 94.4% | 1 | $1.000400 | 0.05% | 0.08% | $32 427 441 530 |  |
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| 11 |  LUNA |
Terra predictions | 65.6% | 65 | $42.91 | 3.36% | 16.19% | $17 231 391 175 |  |
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| 12 |  UNI |
UniSwap predictions | 72.4% | 47 | $25.71 | -3.55% | -0.58% | $15 728 216 583 |  |
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| 13 |  AVAX |
Avalanche predictions | 70.4% | 65 | $67.18 | 4.25% | 18.98% | $14 799 377 874 |  |
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| 14 |  WBTC |
Wrapped Bitcoin predictions | 66% | 75 | $61 271.65 | -3.09% | -0.48% | $13 546 735 109 |  |
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| 15 |  LINK |
Chainlink predictions | 72% | 50 | $28.91 | -1.77% | 6.80% | $13 326 500 471 |  |
