⇗ Synapse Coin Turning Heads With Significant Progress While Facing Hurdles
Synapse (SYN) coin's price has seen a significant surge of 40% after Binance unveiled future listings for SYN. The future's listing seemed to...
In the cryptocurrency world, Synapse (SYN) has been a huge center of attention, with its price recording a 40% surge following its listing on Binance Futures. Synapse is recognized as among the best cryptos currently and has been named a darkhorse competitor to Binance Coin (BNB) by analysts. The Ethereum-based interoperability altcoin saw a significant boon from its Binance Futures listing, marking it as one of the foremost cryptos for cross-chain.
However, it's not all smooth-sailing for Synapse; the project was recently driven to liquidate 9 million SYN tokens as a result of liquidity issues, something which saw its price plummet by 20%, suspicions of a 'Rug Pull' have also surrounded Nima Capital following their offloading of 9 million SNY tokens whilst providing no ensuing communication.
On a more positive note, Synapse network embarked on a significant journey by migrating to zkSync, also, the Synapse Bridge successfully managed to thwart an 8 million dollar hack. It's worth noting that a former coinbase ventures lead, Max Bronstein recently joined Synapse as a COO.
Despite occasional setbacks, market predictions for Synapse remain strong, with predictions looking forward for years 2024, 2025, and 2030. Given its innovative technology and the bullish trend, Synapse's future as a leading crypto in cross-chain operations looks promising.
Synapse Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Wed, 21 Aug 2024 00:00:51 GMT - Rating 3 - Innovation 8 - Information 7 - Rumor 1
