Synthetix (SNX) has been making significant strides in the cryptocurrency market, as noted in the recent news. The platform aims to introduce a new chain dedicated to
cross-chain liquidity for SNX staking as well as perpetuals. Anticipation is running high, fueling predictions around the SNX coin's value in the coming years.
There's a diverse set of opinions concerning the future of the SNX coin; some forecast that its
price might surge to $5 by 2024, while others question its investment prospects. SNX has also experienced some moments of tension; reports suggest that it was recently
booted from Coinbase, triggering discussions within the community.
Meanwhile, renowned Venture Capitalist Arthur Cheong has included SNX in his top altcoin picks, validating the asset’s potential. The token saw an uptick in its value by
14%, buoyed by the emergence of a surprising new meme coin, fueling its price past the $5 level.
However, the market's volatility remains a concern – SNX witnessed a
sharp 18% drop as the crypto market adjusted, despite previous successes. Despite such dips, the
token's trading volume continues to rise, and the SNX token has enjoyed
double-digit gains ahead of significant rollouts.
In developments outside the market, the
Synthetix community approved a plan that places a cap on token supply. Moreover, the DeFi platform also announced a
Layer 2 launch, drawing in investment from Market Maker DWF Labs. Overall, the future of the SNX coin, while promising, is fraught with potential changes and uncertainties.
SNX Coin News Analytics from Wed, 05 Dec 2018 13:19:47 GMT to Fri, 06 Sep 2024 20:10:29 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor -2
