Synthetix (SNX) Price Prediction 2024, 2025, 2026-2030: Will SNX Surge To $10?

As the crypto industry is bringing new multi-baggers in a plethora of digital assets, the sideline players are looking for old diamonds. Amidst such a rush, the Synthetix (SNX) stands out as a top contender with immense underlying potential. Further, with the resurfacing demand in the Defi sector, a myriad of crypto assets are anticipated to thrive. Synthetix is one such cryptocurrency that is engaged with a derivatives liquidity protocol that supports derivatives trading. So, without further ado, let’s have a look at out synthetix price prediction.

Synthetix boasts its native asset SNX, which has portrayed euphoric runs in the past year. And is now probably waiting for the awakening of the Defi sector. Are you one amongst the many, who are keen on SNX’s price projections? Look no further, as we decode the feasible price predictions for 2024 and beyond. 

Overview

Cryptocurrency	Synthetix
Token	SNX
Price	$ 2.58972361 6.01%
Market cap	$ 848,831,626.1678
Circulating Supply	327,769,196.1395
Trading Volume	$ 35,254,913.4170
All-time high	-
All-time low	-
24 High	$ 2.6820
24 Low	$ 2.4960

SNX Price Prediction For 2024

The cryptocurrency is anticipated to rise if the community concentrates on expanding the user base and enhancing its platform. As a result of which, the price might surge as high as $11.669. In contrast, the token might sink to $6.143, if it fails to satisfy the users and investors. Consequently, a balance in trade practices could terminate the year at $9.1086. 

Synthetix Network Token Price Prediction For 2025

Certain inbound developments and partnerships may lead to the growth of the currency. The token is anticipated to rise if any social media influencers have a positive outlook on the token. In such circumstances, the price might soar to a maximum of $18.391. However, SNX may decline to as low as $9.250, if the token fails to enhance its protocol. Conversely, considering the bullish and bearish targets, the regular price might land at $13.4006. 

SNX Price Prediction 2026-2030

• SNX Price Prediction 2026: The potential price for SNX ranges from $13.46 to $27.93, with an average price of $19.08.
• SNX Price Prediction 2027: The projected prices vary between $19.59 and $42.40, with an average of $27.18.
• SNX Price Prediction 2028: Estimates suggest prices to fluctuate between $28.50 and $64.39, with an average of $38.70.
• SNX Price Prediction 2029: Anticipated prices range from $41.48 to $97.77, with an average price of $55.11.
• SNX Price Prediction 2030: Projections indicate prices ranging from $60.36 to $148.46, with an average of $78.49.

What Does The Market Say?

What Is Synthetix (SNX)?

Synthetix has been a DeFi token that aims to facilitate on-chain exposure to a vast range of cryptocurrency and non-crypto projects. The ecosystem is built on Ethereum (ETH) blockchain and enables traders access to highly liquid synthetic assets. 

These assets trace and offer returns on the underlying projects without requiring users to directly hold the asset. The ecosystem thrives to widen the cryptocurrency sphere by adding non-blockchain assets, granting access to an advanced financial market. 

The platform has its own native token called SNX. That enables features like gaining a percentage of network trading charges and newly minted SNX. 

synthetix

• Decentralised Exchange
• DeFi

Planetarium Labs is an open source, community-driven Web3 company that focuses on creating a gaming environment that enables open source content creation and user participation in the gaming network, it is a gaming system that is based on LLBplanet. The company was founded by JC Kim and Kijun Seo with the aim of creating infinite possibilities through decentralized innovations. The South Korean-based company strives to give creative freedom and player governance to multiplayer online games. The company specializes in content creation and game development.   The platform is bringing together technologies and communities by bringing together teams from core blockchain development, game publishing, and Web3 content studios. The founders have a good number of years of experience in doing projects together, so they always had the vision of developing a decentralized game based on blockchain. In just a few months since the company's establishment, the platform has gained a much-appreciated response from the users, with 30K signups. The platform was one of the first companies from Asia to be selected for the Ubisoft Entrepreneurs Lab.

Fundamental Analysis

Synthetix is the software that allows users to forge new crypto assets that mock both the real assets as well as the crypto assets. It is a collection of smart contracts that runs on the Ethereum  Blockchain network. 

Synthetic users do not need to trust any third party to take care of the crypto assets. They only need trust in a code which will execute as written. Synthetix generates new crypto assets by using a process called collateralization. SNX cryptocurrency must be purchased by the users to collateralize an asset on Synthetix. 

Synthetix was founded by Kain Warwick, He was a former non-executive director at the blueshift retail platform. Before launching Synthetix, the founder served on numerous other cryptocurrency projects. He had launched Pouncer, which is a live auction site focused on the Australian audience.

Our Price Prediction

As per Coinpedia’s formulated Synthetix price prediction. Certain partnerships with other undertakings and startups might result in attaining high prices as well as the investors. In such a case, SNX’s price might hit the annual high for 2024 at $11.669. On the other hand, if the bears continue to dominate the industry, the price might slump down to $3.4.

Historical Price Sentiments

2018

• Synthetix made its existence in the crypto world on 14 March 2018 with a price of $0.49.
•  Later, the token started to variate and the price hovered between $0.27 and $0.68 till the end of July.
• Further, the price declined to $0.07 by September. SNX continued to be in the same price level with certain variations and ended the year 2018 for $0.04.

2019

• SNX entered the year with a price of $0.03, the altcoin started to variate and traded between $0.04 and $0.08 until mid-May. 
• Synthetix surged dramatically to $0.35 by the end of June and the price started to rise with certain inequalities. SNX hit $1.46 by the end of November. 
• Later, the token traded at $1.22 in December to end the year 2019.

2020 

• Synthetix continued to exchange at the price of $1.20 during the dawn of January. 
• Further, the price dropped to $0.4 in mid-March, as the crypto market crashed and the major currencies suffered a huge decline in their values. 
• Thereafter, the token continued to recover and surprisingly hit $7.10 by the end of August.
• Later, SNX failed to sustain the resistance level and the prices again started to decline, the currency shockingly sank to $2.51 by November. 
• By reclaiming its previous resistance level at the $7 mark in December, SNX ended the year 2020 with a price of $7.42.

2021

• SNX had begun the year with a price tag of $7.304, an influx of buyers helped it claim the annual high of $28.87 by the 14th of February. 
• Thereafter, a steady decline dropped the altcoin to $13.079 by the 23rd of April. After a short-term rebound to $26, SNX’s price slipped to $5.621 by June 26th.
• Following a prolonged downtrend, the year was concluded at $5.885.  

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