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.
* Crypto Rating accepts no liability for content of the Synthetix Network reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 57.6% | 88 | $23 111.56 | 1.40% | 2.46% | $445 467 385 928 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 59.6% | 85 | $1 597.71 | 1.63% | -3.12% | $195 518 478 203 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000214 | 0% | 0% | $67 518 894 139 |  |
|
| 4 |  BNB |
Binance Coin predictions | 64.4% | 72 | $307.54 | 1.77% | 1.44% | $48 561 092 766 |  |
|
| 5 |  USDC |
USD Coin predictions | 94% | 1 | $0.999961 | -0.01% | 0.02% | $43 079 802 564 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 74 | $0.411374 | 1.67% | 0.42% | $20 899 274 392 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $0.999970 | -0.02% | 0% | $15 797 945 581 |  |
|
| 8 |  ADA |
Cardano predictions | 62.8% | 79 | $0.389742 | 4.62% | 8.05% | $13 479 166 661 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 61.2% | 75 | $0.087530 | 3.33% | 2.02% | $11 612 632 457 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 61.6% | 78 | $1.15 | 6.65% | 12.37% | $10 012 288 547 |  |
|
| 12 |  SOL |
Solana predictions | 60.4% | 90 | $24.46 | 2.79% | -1.52% | $9 087 126 673 |  |
|
| 13 |  DOT |
Polkadot predictions | 56.8% | 87 | $6.59 | 3.51% | 6.21% | $7 583 086 372 |  |
|
| 14 |  AVAX |
Avalanche predictions | 59.2% | 92 | $20.95 | 17.58% | 20.92% | $6 593 829 036 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 62.4% | 84 | $0.000012 | 3.13% | -2.02% | $6 476 713 621 |  |
