Synapse (SYN) has made significant strides in the market, signaling a potential breakthrough for investors. The coin recently witnessed a dramatic upsurge with a 40% soar aligned with its listing on
Binance Futures. Ethereum-based and interoperability altcoin, SYN experienced a surge due to this listing. The performance of Synapse over the past week has raised eyebrows, with an impressive 96% surge, leading to an overall increased interest.
Synapse's price also saw a 17% bounce back in response to the selling pressure on the DeFi protocol. Noteworthy are the SYN's financial backing from giants like Pantera, Susquehanna, and HashKey, who pooled a whopping $22M funding for DEX SynFutures. SYN's innovation was shown in SynFutures's announcement of its v2 upgrade that includes a 'Permissionless Listing' of futures and yet faced some turbulence when Nima Capital dumped 9M SYN tokens. However, Synapse remains a promising venture to its investor community. Following this, the
Synapse Protocol that includes SYN Token, has attracted attention, whilst AI Compute Protocol Gensyn, a blockchain-based closed $43M in Series A Funding led by a16z. As per predictions, the SYN price is anticipated to achieve $2 by 2023-2030. The coins involvement in the cryptosphere is evident with SynFutures announcing a $1M grant to launch Perp Launchpad. Despite facing a 20% plunge in SYN tokens' price due to a sudden dump by a liquidity provider and further 25% drop following the exit of a major liquidity provider, SYN remains an alternative crypto to watch.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Wed, 06 Nov 2024 21:00:51 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -2
