Synapse (SYN coin) has been painting the news with notable and varied developments. Fueled by Binance's announcement of its inclusion in futures listings, SYN's price escalated by a high 40%. However, this triumph was later shadowed by
Nima Capital's sell-off of a substantial 9 million SYN tokens, pulling down the price by 20%, sparking speculation about a potential rug pull. Disregarding the glaring setback, SYN still managed to pulls itself up by embracing interoperability as it responds to selling pressure with a 17% bounce.
Future growth for SYN could be reinforced by potential associations with the likes of
Bitcoin IRA following the platform's hire of Rick Synrod, a former COO of Fidelity Digital Funds. There has been a buzz about its
Play-to-Earn 'Mafia' game being co-launched by Twitch's Co-founder. Notably,
SynFutures, a decentralized futures exchange backed by Pantera, Susquehanna and HashKey, launched with $22M funding and features an innovative version 2 upgrade that offers 'permissionless listing' of futures.
Furthermore, Synapse's token saw its value rise again by 44%, aided by the growing trend towards cross-chain technology. It enters the mainstream arena with Coinbase's announcement of its listing. The reasons behind SYN's price surge are varied, from major liquidity provider sell-offs, interoperability adoption, and even the crypto's possible application as a key player in game development.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Mon, 02 Sep 2024 07:00:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 1
