What determines the price movement of Synthetix (SNX)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Synthetix. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Synthetix, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Synthetix. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Synthetix on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Synthetix. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Synthetix and the broader cryptocurrency market.

What is the highest price of Synthetix price in history?

Synthetix achieved the all-time high of 28.53 in 2021-02-14, and is currently trading at 1.109.

What is the lowest price of Synthetix price in history?

Synthetix reached its all-time low of 0.0347864 on 2019-01-06.

What is the current market cap of Synthetix?

The current market cap of Synthetix is 380904034.65122414, as 343466216.99839866 SNX is trading at the price of 1.109.

How many Synthetix are there in the market?

There are currently 343466216.99839866 SNX circulating in the market. These Synthetix can be actively traded or used in the open market.

What is the maximum supply of Synthetix?

The maximum supply of SNX is 343889850.0967736 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Synthetix?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Synthetix is 381373843.7573219224. The FDV is calculated taking the assumption that all supply of Synthetix is circulation, multiplied by its current price of 1.109.

What is the price prediction of Synthetix ?

Using an algorithm to automatically identify historical data trends, this Synthetix price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Synthetix a good investment?

Synthetix offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Synthetix and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Synthetix.

How to buy Synthetix?

You can buy Synthetix via Gate by following the steps on how to buy SNX once you have funded your account.

Synthetix Price

SNX

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Synthetix (SNX) Price Live Chart

Synthetix (SNX) Price Today

Synthetix (SNX) price today is $1.1, with a 24-hour trading volume of $9.11M and as such Synthetix (SNX) has a market cap of $380.9M, giving it a market dominance of 0.0092%. The Synthetix (SNX) price moved +0.96% in the last 24 hours.

SNX Price Data

24h Turnover$9.11M
All-Time High(ATH)$28.53
24h High$1.18
All-Time Low(ATL)$0.03478
24h Low$1.05

SNX Market Cap Infos

Market Cap$380.9M
Fully Diluted Valuation$381.37M
Market Cap/FDV99.88%
Market SentimentPositive

SNX Supply

Circulating Supply343.46M SNX
Total Supply343.88M SNX
Max Supply343.88M SNX

*Data is for reference only

Synthetix (SNX) Price Prediction

Synthetix(SNX) is predicted to average $1.11 in 2025, with a potential swing between the lowest price $0.9703 and the highest price $1.4. By 2030, Synthetix(SNX) price could reach to $3.57, offering a potential +119.00% return from today’s Synthetix price.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$0.9703	$1.4	$1.11	--
2026	$0.7688	$1.86	$1.26	+13.00%
2027	$1.48	$1.7	$1.56	+40.00%
2028	$0.9309	$2.27	$1.63	+47.00%
2029	$1.28	$2.9	$1.95	+75.00%
2030	$1.6	$3.57	$2.42	+119.00%

Synthetix(SNX) Price History

Synthetix(SNX) price has moved +0.96% in the last 24 hours, and +62.77% in the past 7 days. The price of Synthetix(SNX) is +67.93% in the past 30 days, and -29.73% over the last year.