Synthetix (SNX) is making significant headlines with its new Synthetix app chain, which is targeting cross-chain liquidity and introducing SNX staking. It appears to be gaining immense support from the community, with a major overhaul receiving 99% backing from SNX holders. On the market front, SNX is consistently showcasing highs and lows, but there's visible growth with the SNX token value surging by 100%.
In an unexpected turn of events, the Gemini crypto exchange announced to stop supporting SNX. On a brighter note, Synthetix is among the top five Altcoins expected to attain a $1 billion valuation in May and is making waves with a surprising new meme coin. SNX's rallying is said to be in anticipation of the L2 Curve Wars and the Optimism airdrop announcement. Meanwhile, SNX's trading volume has overtaken GMX, signaling sustainable progress.
A notable investment was made by DWF Labs who poured $20M into the Synthetix platform. Despite the delisting from Gemini, Synthetix is keeping its investors engaged and motivated through USDx liquidity incentives on Arbitrum. In an interesting development, Kain Warwick tested Optimism’s fees with a massive 64,000-person airdrop, likely indicating the platform's robust scalability.
Per price predictions, the SNX value is expected to continue its uptrend, with some spectators suggesting it could even reach $50 by 2025. Implications from an activist investor is likely steering the network towards significant innovation. Despite some delistings and Gemini's withdrawal of support, Synthetix appears determined to continually optimize its offerings.
SNX Coin News Analytics from Wed, 05 Dec 2018 13:19:47 GMT to Thu, 24 Oct 2024 19:38:00 GMT -
Rating 6
- Innovation 4
- Information 6
- Rumor -3
