Price Synthetix (SNX)

2.218 EURO (0.97% )
The displayed price is informative and does not represent the trading price.

Rank 61

Market cap

700.98M EUR

Circulating Supply

312.32M SNX

Max Supply

313.04M SNX

Synthetix is ​​a blockchain software that allows users to develop new crypto assets that are linked to FIAT currencies or other digital assets such as Bitcoin. One of the emerging elements of the decentralized finance (DeFi) ecosystem, the Synthetix project represents a collection of smart contracts, which run with the Ethereum blockchain technology. For additional information about the origin and use of Synthetix, you can access the "About Synthetix cryptocurrency" page.

Synthetix(SNX) cryptocurrency - price fluctuations

As in the case of traditional investments, an overview must be formed that aims at possible losses or profits. At the same time, it should be noted that the demand for Synthetix (SNX) is an increasingly significant factor, because the cryptocurrency is also traded outside the normal schedule of stock exchanges. With an overview of cryptocurrency, investors can trade calculatedly and take advantage of price fluctuations.

What determines the price fluctuations of Synthetix(SNX) cryptocurrency?

Price fluctuations are influenced by a number of factors:

Demand and supply - Synthetix(SNX) cryptocurrency

Considering the traditional economic concepts, if the demand is high, the price of Synthetix will increase. Conversely, if the demands are reduced, the price of the cryptocurrency falls. Demand is influenced by a variety of factors, such as media attention, the global economy and financial regulations.

The amount of Synthetix in the blockchain is limited by the rules of the protocol to a maximum of 100 million units, which influences the price of SNX. The Synthetix team estimates that the limit will increase in the future.

Popularity and media attention for Synthetix cryptocurrency

The popularity of Synthetix(SNX) cryptocurrency is a major factor influencing the price. Simple curiosity about cryptocurrencies leads to high investments, which affect the market price. At the same time, the price is influenced by announcements from state authorities and companies in the field. The phenomenon of FOMO (fear of missing out) can be created around these situations, which is represented by investors' fear of missing the moment of entering the market. To avoid the feeling of FOMO, investors should educate themselves about the real factors that determine Synthetix's price.

Synthetix(SNX) Economy and Ecosystem

The economic risks of states are another aspect that can lead to an increase in the price of the Synthetix cryptocurrency. Especially in countries with high inflation, people are turning their attention to new methods of protecting money, a fact that can influence the value of Synthetix.

Synthetix Price - Frequently Asked Questions (FAQ)

What blockchain does Synthetix use?

Ethereum

Synthetix cryptocurrency cum minez?

It is not mined, but units can be generated through the staking process.

What is the highest Synthetix price in EUR?

The highest Synthetix price was recorded at EUR 22.

How can I buy Synthetix at the best price?

The fastest and most advantageous way to buy Synthetix is ​​on the Tradesilvania.com platform at the live Synthetix price displayed in the Tradesilvania user account 24/7.

What is the Synthetix price today?

The price of Synthetix (SNX) varies several times per second in the platform and the instant price is available in the user account. Daily purchase limit (SNX Limit Order type is 1,000,000 EUR / transaction).

Knowing the causes that influence the price of the Synthetix cryptocurrency makes it easier to understand the fluctuations. If you have evaluated each factor and want to invest in Synthetix, create an account on Tradesilvania and transact in a fast and safe way.

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