Synapse (SYN) coin recently saw a significant
40% price surge following its
futures listing on Binance. The Ethereum-based interoperability altcoin created a buzz and demonstrated its strength in the market. SYN's Bitcoin Wallet,
Bitkit, also went live on popular App Stores. However, news has emerged about
Nima Capital dumping $3M worth of SYN coins from the Cross-Chain Bridge Synapse, calling the credibility into question. The
price of SYN coin fell 20% following a sell-off by the liquidity provider. In response, Synapse confirmed an ongoing investigation into the 'unusual activity'. SYN also received a significant
$22M funding from Pantera, Susquehanna, and HashKey to back DEX SynFutures. Synonym, a Bitcoin company, ventured into architecture for self-sovereign economy while launching a mobile Bitcoin wallet. Furthermore, SYN City announced a token auction with backing from Merit Circle and GuildFi. Efforts for innovation continue as SynFutures launched 2024 U.S. election perpetuals with 10x leverage and SynCoin (SNC) premiered an exclusive presale with DAO governance, staking, and P2P encrypted chats, leading the future of decentralized finance. However, there have been rumors of a
'rug pull' following Nima Capital's dumping of 9 million SNY tokens. On the optimistic side, traders have predicted a
75% surge for the low-cap altcoin, flipping bullish on Fantom and one DeFi crypto asset. Emergence of DeFi futures enables hedging against Bitcoin mining difficulty. In terms of fresh collaborations, Bitfinex and Synonym are working together to connect more traders to the Lightning Network.
SYN Coin News Analytics from Tue, 26 May 2015 07:00:00 GMT to Mon, 25 Nov 2024 08:00:00 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor -3
