Synapse network marks a significant move by migrating to
zkSync, paving a new road for other digital currencies. The move blends innovation with pragmatism, with the network aiming for improved financial performance and enviable earnings. Cross-chain bridges come into sharp focus with Synapse offering robust solutions, heralding its asset
SYN as one of the best options for cross-chain transactions. Its popularity hits a roadblock, however, due to the sudden sell-off of a large number of
SYN tokens by major liquidity provider,
Nima Capital. This action initiates speculation about a possible VC rug pull as the SYN price plunges by 20%. The company is currently investigating the unusual activity by Nima Capital, marking a significant turmoil for the crypto. Despite the setback, Synapse shows resilience against the selling pressure with a 17% bounce. Its latest price charts and market predictions remain crucial for investors. The liquidity disruption has served as a reminder of the potential volatilities in the crypto market.
Synapse Bridge, however, demonstrates its robustness by averting an $8m hack. In more positive news, Synapse token sees a 44% surge with building cross-chain momentum. The company also welcomes a former Coinbase Ventures Lead to its core team. Regardless of the recent disturbances, the company maintains its reported market cap of $103.26 million.
Synapse Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Tue, 06 Aug 2024 11:20:38 GMT -
Rating 3
- Innovation 8
- Information 7
- Rumor -1
