Synthetix (SNX) Fundamental Analysis
| Metric | Value |
|---|---|
| Project Name | Synthetix |
| Symbol | SNX |
| Current Price | $0.572101 |
| 24h Price Change | -5.90% |
| Market Cap | $196.50M |
| 24h Trading Volume | $8,411,862 |
| Circulating Supply | 343,466,217 SNX |
Synthetix (SNX) is a pivotal player in the decentralized finance (DeFi) ecosystem, enabling the creation and trading of synthetic assets. Currently ranked 186 among cryptocurrencies, SNX has shown resilience despite market fluctuations.
Price Projections (2025–2030)
| Year | Low Price | Avg Price | High Price |
|---|---|---|---|
| 2025 | $20.12 | $32.45 | $45.78 |
| 2026 | $27.87 | $41.23 | $60.15 |
| 2027 | $25.25 | $32.85 | $50.95 |
| 2028 | $20.69 | $28.37 | $42.45 |
| 2029 | $30.25 | $45.78 | $67.89 |
| 2030 | $35.40 | $52.07 | $75.40 |
2025 Outlook
In a bullish market, SNX could average $32.45**, peaking near **$45.78. Key drivers include DeFi adoption and network upgrades.
2026–2027 Trends
2026 may see SNX reach $60.15**, fueled by DeFi expansion. A 2027 correction could pull prices down to **$25.25, with recovery likely.
2028–2030 Long-Term View
By 2030, maturation of the crypto market could propel SNX to $75.40, assuming sustained utility and staking rewards.
Technical Analysis of Synthetix (SNX)
Three critical indicators for SNX price forecasting:
Trend Lines
- Identifies bullish/bearish momentum via price chart patterns.
Moving Averages (MA)
- Smooths price volatility to highlight long-term trends (e.g., 50-day vs. 200-day MA).
Relative Strength Index (RSI)
- Measures overbought (>70) or oversold (<30) conditions to time entry/exit points.
👉 Master SNX trading strategies with advanced technical tools.
Synthetix FAQs
1. What is Synthetix?
Synthetix is a DeFi protocol for minting/trading synthetic assets (Synths), backed by SNX collateral. Stakers earn fees and incentives.
2. How does Synthetix work?
Users lock SNX to mint Synths, which track real-world assets (e.g., gold, BTC) without direct ownership.
3. What affects SNX price?
- DeFi market trends
- Staking rewards adjustments
- Ethereum network upgrades
- Macro crypto volatility
4. Is SNX a good investment?
While high-growth potential exists, SNX carries risks typical of DeFi tokens. Diversify and assess personal risk tolerance.
👉 Explore SNX staking benefits for passive income opportunities.
Disclaimer: Predictions are speculative and not financial advice. Crypto investments are volatile—conduct independent research and consult experts before investing.