↑ SYN Coin Strides Powerfully in Market with Major Developments and Future Plans
Synapse (SYN) has shown considerable strength in the market with its price soaring 40% after being listed on Binance Futures . Adding to this...
Synapse (SYN), a decentralized project facilitating interoperability between various blockchain networks, has been gaining significant attention. Key events around SYN have indicated a strong bullish trend, with the coin's price soaring by 40% upon listing on Binance Futures. SynFutures, the decentralized derivatives platform that leverages SYN tokens, has announced its 'F' token TGE and plans for full-stack on-chain financial infrastructure, exhibiting their plans for expansion and diversification.
Following the meteoric rise of certain memecoins, SYN has been identified by traders for showing substantial strength. The currency is experiencing a decentralization process with the help of a foundation and governance token, an announcement that was followed by a token airdrop. SynFuture’s decentralized nature and future plans were also made clear when they revealed their plans to launch a Bitcoin (BTC) hash rate futures contract.
Investors are keen on the project, with Pantera, Susquehanna, and HashKey financially backing SynFutures with $22M funding during their Series B round. Despite some concerns over Nima Capital reportedly dumping 9M SYN tokens, the community brandished it as a VC rug. INDODAX has listed the coin and several derivative protocols, including SynFutures, are beginning to deploy on Ethereum layer-2 solutions like Arbitrum, creating further scopes for growth.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Mon, 06 Jan 2025 08:00:00 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor 9