Synapse (SYN), a cryptocurrency, has made headlines with the successful listing of
Binance Futures, causing the price to increase by 40%. Crypto analysts have positively reassessed SYN, attributing massive strength to this Memecoin, which escalated over 27,000% within a year. Additionally, the interoperability attribute of the Synapse blockchain is in the spotlight, giving SYN a further boon. Another surge occurred, with SYN jolting 96% within a week after the USDⓈ-Margined SYN perpetual contract, offering 50x leverage, was unveiled by Binance Futures.
Despite some downward trends noted by market analysts who forecast a possible continued price depreciation for
Syncus Coin, SYN has proven resilient, responding to selling pressure with a 17% leap. Speculations are high for potential price breakouts alongside other tokens. However, negativity sinks in as the community reacts to Nima Capital’s disposal of 9M SYN tokens, identified as a VC rug pull.
Parallel developments include the successful Series A funding round closing at $43M for Blockchain-Based, AI Compute Protocol
Gensyn, spearheaded by
a16z. Furthermore, Synquote, a crypto options trading startup, raised $2.8M, displaying the thriving side of the blockchain sector.
Interestingly, uncertainties surround SYN price predictions, stringing from 2024 through 2030. In shocking events, a liquidity provider dumped 9 Million SYN Tokens abruptly, causing a 20% drop in the SYN price, which declined further by 25% after a significant liquidity provider exited.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Wed, 16 Oct 2024 09:53:25 GMT -
Rating 3
- Innovation 8
- Information 7
- Rumor -3
