Synapse (SYN) coin has been capturing attention in the cryptocurrency sphere, with a flurry of features ranging from market performance highlights to analysis reviews. During October 2024, the coin's price surged by an impressive 40% following its futures listing on Binance. This bold action by the globally popular exchange also included the introduction of a USD-Margined SYN perpetual contract offering a 50x leverage. Such moves hint at a bullish future for the
Synapse coin. Furthermore, a notable leap was witnessed in the Synapse price, which shot up by 96% within a week, further highlighting its market strength. Financial analysts have been evaluating SYN coin potential with bullish evaluations. Moving against this enthusiastic trend, however, was a displaced announcement from Nima Capital, which shed light on their controversial move to offload 9M SYN tokens, a state of affairs that pushed the firm in a dark zone amid brewing community disappointment. Notwithstanding, DeFi protocol Synapse responded markedly to the selling pressure with a 17% bounce. Several institutions have been investing in the coin. On a different front, individuals interested in the SYN coin can purchase it in India, exhibiting its widespread reach. Likewise, SYN coin’s potential has been further underscored by backing from feasible firms like Pantera, Susquehanna, and HashKey, which supported DEX SynFutures with $22M funding. Beyond this financing sphere, BlackRock's CEO has been broadcasting a bullish outlook on tokenization, which could positively influence Synapse coin’s standing in the market. Concerning price predictions, believe that SYN price could hit $2 soon. However, the optimism was clouded by a 25% drop, which followed the exit of a major liquidity provider.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Tue, 15 Oct 2024 11:48:35 GMT -
Rating 7
- Innovation 5
- Information 4
- Rumor -3
