⇑ SYN Coin Soars Amid Binance Listing and Promising Future Predictions
Recent events concerning the Synapse (SYN) cryptocurrency have produced rich investor interest. Many factors are contributing to the increased...
In a fascinating turn of events, Synapse (SYN) has seen a significant rise in its value, primarily driven by its recent listing on Binance Futures. This interoperibility altcoin, based on Ethereum, has soared a remarkable 40% following the announcement. Also driving excitement around the currency, Binance has established a USDⓈ-Margined SYN Perpetual Contract with an attractive 50x Leverage. As a result, SYN has seen a weekly surge of 96%.
However, the picture around SYN isn't completely rosy. A liquidity provider reportedly sold off a massive amount, causing the SYN token price to fall by 20%. Meanwhile, Nima Capital went 'dark' after dumping 9 million SYN tokens, sparking controversy.
Despite short-term disturbances, the future looks promising. SynFutures has secured a considerable $22M funding from prominent backers including Pantera, Susquehanna, and HashKey. It also introduced futures trading for various assets, showing robust development. Meanwhile, other connected players in the crypto space have witnessed positive momentum. For instance, Blockchain-based AI compute protocol Gensyn pulled in $43M in a funding round led by a16z.
SynFutures has also announced achievements such as new partnerships, while announcing expansions into creative arenas such as a play-to-earn 'mafia' game. Additionally, SYN has made rounds across various markets around the globe including India. In terms of future trajectories, Synapse price predictions for the years 2024, 2025, and 2030 could reveal potential for long-term investors.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Thu, 19 Sep 2024 16:38:13 GMT - Rating 8 - Innovation 7 - Information 7 - Rumor 6