Cryptocurrency

2024

Bitcoin ETF

Synthetix

USDC

<h4 class="wp-block-heading">Synthetix Price Prediction 2024-2033</h4>
<ul>
 <li><a href="#Synthetix-Price-Prediction-2024" data-type="internal" data-id="#Synthetix-Price-Prediction-2023" rel="noopener noreferrer nofollow">Synthetix Price Prediction 2024 – up to <strong>$6.28</strong></a></li>
 <li><a href="#Synthetix-Price-Prediction-2027" data-type="internal" data-id="#Synthetix-Price-Prediction-2026" rel="noopener noreferrer nofollow">Synthetix Price Prediction 2027 – up to <strong>$19.20</strong></a></li>
 <li><a href="#Synthetix-Price-Prediction-2030" data-type="internal" data-id="#Synthetix-Price-Prediction-2029" rel="noopener noreferrer nofollow">Synthetix Price Prediction 2030 – up to <strong>$61.11</strong></a></li>
 <li><a href="#Synthetix-Price-Prediction-2033" data-type="internal" data-id="#Synthetix-Price-Prediction-2032" rel="noopener noreferrer nofollow">Synthetix Price Prediction 2033- up to <strong> $172.83</strong></a></li>
</ul>
<p>Cryptocurrency adoption is on exponential growth, especially altcoins and, more so, those associated with decentralized finance (<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.cryptopolitan.com/news/defi/"><u>DeFi</u></a>). One of the altcoins whose popularity has risen is the SNX coin, and with this Synthetix price prediction, we can gauge the coin’s potential.</p>
<p>Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralized synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using a decentralized application for interacting with the Synthetix contracts.</p>
<h2 class="wp-block-heading" id="how-much-is-snx-worth">How much is SNX worth?</h2>
<p>The current Synthetix price is $3.57 (at press time), with a 24-hour trading volume of $31 million. SNX is down 0.73% in the last 24 hours. The current CoinMarketCap ranking is #63, with a live market cap of $1 billion. It has a circulating supply of 304,277,344 coins and a total supply of 328,193,104 coins.</p>
<h2 class="wp-block-heading" id="snx-technical-analysis">SNX Technical Analysis</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/r6LAqffW6jNuopoMaAPHcL5n6xCgm6vHOcYl02Jll7UwbuRxfdFhaexXRXBqUCilEj5x-XkvBAp8Gb1Oh_beIdPplTZGzI9NkTLu5mxsGsJ8aBLD1H3FrZXmhjkAJABRDxhcsuE4KYUce2QASvquRpU" alt="">
</figure>
<p>At press time, SNX is up 61.87% in the last 12 months and down 9.85% over the previous 30 days. Like most altcoins, SNX recovery began in October 2023, affected by market macroeconomics, such as the spot Bitcoin ETF approval.</p>
<p>The chart below shows SNX’s movement in the last three months. The MACD indicator shows the coin is experiencing little momentum, while the RSI is at 46.08 as it reverses from the overbought region.</p>
<h2 class="wp-block-heading" id="recent-news">Recent News</h2>
<p>The Synthetix (SNX) network has implemented Andromeda, a new upgrade that introduces a deflationary feature to its Perps V3 engine, as announced on its official channel. This update involves allocating 40% of the Perps V3 fees for repurchasing and burning SNX tokens, a strategy inspired by Yearn Finance. This deflationary action aims to decrease SNX’s total supply, potentially increasing its market value. The update, part of the broader SIP-345, also expands the network’s collateral options by adding USDC on Base. The fee distribution from the network’s operations across multiple chains will be split, with 40% going towards the SNX buyback and burn, 20% to Perps Integrators, and the rest to USDC liquidity providers. The Andromeda upgrade is set to enhance the attractiveness of Synthetix to various stakeholders, including developers and traders, by reducing the SNX supply, which could, following the principles of supply and demand, lead to a rise in its price and strengthen the protocol’s position in the DeFi market.<br><br><br><br></p>
<h2 class="wp-block-heading" id="snx-price-prediction-2024-2033">SNX Price Prediction 2024 – 2033</h2>
<h3 class="wp-block-heading" id="snx-price-prediction-by-cryptopolitan">SNX Price Prediction by Cryptopolitan</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/wqybqAxK2bvupgJfYSuH9fyDuZxMKN5xBrvKmNiHs1TnG0iRDrkXpEhEgFa_r3ddSJUhjFdGHCDiAY5sxPh_WkUwRi4GKyAYvswmtBIZrIIL288JN66xwSKqtL209hkAUtqL_cnYKySx1xwcZkyLtxw" alt="SNX Price Prediction 2024-2033">
</figure>
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Year</td>
    <td>Minimum Price</td>
    <td>Average Price</td>
    <td>Maximum Price</td>
   </tr>
   <tr>
    <td>2024</td>
    <td>$5.40</td>
    <td>$5.59</td>
    <td>$6.28</td>
   </tr>
   <tr>
    <td>2025</td>
    <td>$7.76</td>
    <td>$8.04</td>
    <td>$9.47</td>
   </tr>
   <tr>
    <td>2026</td>
    <td>$11.05</td>
    <td>$11.46</td>
    <td>$13.36</td>
   </tr>
   <tr>
    <td>2027</td>
    <td>$16.35</td>
    <td>$16.81</td>
    <td>$19.20</td>
   </tr>
   <tr>
    <td>2028</td>
    <td>$23.82</td>
    <td>$24.66</td>
    <td>$28.00</td>
   </tr>
   <tr>
    <td>2029</td>
    <td>$34.95</td>
    <td>$36.18</td>
    <td>$41.64</td>
   </tr>
   <tr>
    <td>2030</td>
    <td>$48.76</td>
    <td>$50.57</td>
    <td>$61.11</td>
   </tr>
   <tr>
    <td>2031</td>
    <td>$70.74</td>
    <td>$72.77</td>
    <td>$86.19</td>
   </tr>
   <tr>
    <td>2032</td>
    <td>$100.05</td>
    <td>$103.69</td>
    <td>$118.91</td>
   </tr>
   <tr>
    <td>2033</td>
    <td>$145.07</td>
    <td>$149.22</td>
    <td>$172.83</td>
   </tr>
  </tbody>
 </table>
</figure>
<h4 class="wp-block-heading">SNX Price Prediction 2024&nbsp;</h4>
<p>The Synthetix SNX price prediction for 2024 is a maximum price of $6.28. The coin’s minimum price will be $5.40, and the average price will be $5.59.&nbsp;</p>
<h4 class="wp-block-heading">SNX Price Prediction 2025</h4>
<p>The Synthetix network token price prediction for 2025 is a maximum price of $9.47. The coin’s lowest price will be $7.76, and the average trading price of the coin is $8.04.&nbsp;</p>
<h4 class="wp-block-heading">SNX Price Prediction 2026</h4>
<p>The SNX price prediction for 2026 is a maximum of $13.36. The minimum price the coin will have by the end of 2026 will be $11.05, while its average trading price will be $11.46.&nbsp;</p>
<h4 class="wp-block-heading">SNX Price Prediction 2027</h4>
<p>The SNX token price prediction for 2027 is a maximum price of $19.20 with a minimum price of $16.35. We also expect the coin’s average trading price to be $16.81.</p>
<h4 class="wp-block-heading">SNX Price Prediction 2028</h4>
<p>The SNX coin price prediction for 2028 is a maximum price of $28.00. The minimum price of the coin by 2028 will be $23.82; the average trading price is forecasted to be $24.66.</p>
<h4 class="wp-block-heading">SNX Price Prediction 2029</h4>
<p>The SNX price prediction for 2029 is a maximum price of $41.64 with an average trading price of $36.18. The coin will have the lowest price at $34.95.</p>
<h4 class="wp-block-heading">SNX Price Prediction 2030</h4>
<p>The SNX cryptocurrency prediction for 2030 is a maximum price of $61.11; the coin’s lowest price is $48.76. The average trading price of the coin will be $50.57.&nbsp;</p>
<h4 class="wp-block-heading">SNX Price Prediction 2031</h4>
<p>SNX’s price prediction 2031 is a maximum trading price of $86.19, with an average trading price of $72.77. The minimum price of the coin will be $70.74.&nbsp;</p>
<h4 class="wp-block-heading">SNX Price Prediction 2032</h4>
<p>SNX’s price prediction 2032 is a maximum trading price of $118.91, with an average trading price of $103.69. The minimum price of the coin will be $100.05.</p>
<h4 class="wp-block-heading">SNX Price Prediction 2033</h4>
<p>The SNX price prediction for 2033 could be a maximum price of $172.83. The minimum price is $145.07, and the average trading price of the coin will be $149.22.&nbsp;</p>
<h3 class="wp-block-heading" id="snx-price-prediction-by-walletinvestor">SNX price prediction by Walletinvestor</h3>
<p>Wallet Investor uses smart technical analysis to provide the Synthetix price forecast. The analysis indicates SNX’s past performance index rating as B+; it adds that SNX is an ‘outstanding’ one-year investment. The expected average price in 2025 will be $5.097. The return on investment (ROI) will be 43.5% in 2025. In 2026, the ROI will be 83.8%; in 2027, it will be 124.5%; in 2028, it will be 161%. According to the analysis, the bullish SNX price trend continues over the entire period.</p>
<h3 class="wp-block-heading" id="snx-price-prediction-by-cryptopredictions">SNX price prediction by Cryptopredictions</h3>
<p>The site scans a coin’s exchange rates and other historical crypto market data and uses these data to provide SNX coin price prediction. In 2025, SNX will trade at an average price of $4.219 in January and $5.166 in December. In 2027, SNX will sell at an average price of $6.339 in January and $7.245 in December.</p>
<h3 class="wp-block-heading" id="snx-price-prediction-by-digitalcoinprice">SNX price prediction by Digitalcoinprice</h3>
<p>SNX will be bullish from 2024 to 2033; the maximum value of SNX for the entire period will be $69.09. In 2025, it will trade at a mean price of $8.45. It will reach a maximum price of $9.18 and a minimum of $7.65. In 2027, it will trade at a mean price of $15.27. It will reach a maximum price of $15.97 and a minimum of $13.68. In 2030, it will trade at a mean price of $26.09. It will reach a maximum price of $26.57 and a minimum of $23.99.</p>
<h2 class="wp-block-heading" id="snx-price-history">SNX Price History</h2>
<p>The Synthetix token was first listed on a crypto exchange for trading in March 2018. Until June 2020, the SNX was trading below $1.5, as seen in the chart below.</p>
<p>However, in July 2020, the Synthetix coin unleashed a monster bullish rally that continued until February 2021. And during the bullish momentum, the SNX hit an all-time high of $28.77.&nbsp;</p>
<p>After hitting an all-time high, the SNX price took a downward turn dropping to as low as $1.5 in 2023. It later began correcting and was trading at the $3.5 mark in 2024.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/PEd0a-7ZIukGVeFPtqG0cP2diPjaQYEyzpcPTY7WddgYdhschMVaduAELt6v7oFXmXEJ9hKhsFiMu87XM4uzOg2a_wzBNza457Kczoi77v46yD4dpKMGPFPGywIbklLtIm_iCr6GFtCzY2RtOsRwYC8" alt="">
</figure>
<p>Source: <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinstats.app/coins/havven/"><u>Synthetix Network Token Price, Charts &amp; Market Insights | Your Crypto Hub</u></a></p>
<h2 class="wp-block-heading" id="market-overview">Market Overview</h2>
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>MARKET CAP</td>
    <td>24 HR VOLUME</td>
    <td>CIRCULATING SUPPLY</td>
    <td>POPULARITY</td>
    <td>HOLD TIME</td>
   </tr>
   <tr>
    <td>$1 billion</td>
    <td>$31 million</td>
    <td>304,277,344</td>
    <td>63</td>
    <td>23 Days</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="more-on-the-snx">More on the SNX&nbsp;</h2>
<p>SNX is the native cryptocurrency of the Synthetix network. The SNX token is an ERC20 token, and therefore it is compatible with ETH wallets. Besides facilitating activities (specifically to offer collateral) within the Synthetix network, SNX holders can become SNX stakers by staking their SNX coins to earn staking rewards.</p>
<h3 class="wp-block-heading" id="who-is-the-synthetix-founder">Who is the Synthetix founder?</h3>
<p>Synthetix network was launched in September 2017 under Havven (HAV). Its founder is Kain Warwick. Havven (HAV) rebranded to the current Synthetix name a year later, a name it has maintained to date. Warwick is also the founder of Pouncer, a live auction Australian site, and a non-executive director at <u>Blueshyft </u>retail network.</p>
<h3 class="wp-block-heading" id="what-is-the-synthetix-network">What is the Synthetix network?</h3>
<p>Synthetix Network is a decentralized finance (DeFi) protocol that allows users to trade synthetic assets (synths). The protocol is built on the Ethereum <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.cryptopolitan.com/news/blockchain/"><u>blockchain</u></a>, and it provides liquidity for synth tokens so that traders can seamlessly trade them.</p>
<p>The platform enables users to issue and trade synthetic assets — digital assets that represent other real assets like stocks, fiat currencies, commodities, or cryptocurrencies. It also has a staking mechanism that incentivizes users to provide liquidity and maintain the platform.</p>
<p>The Synthetix Protocol was originally conceived as Havven back in 2017 by Kain Warwick. Warwick is currently also a Non-Executive Director of blueshyft- a network of over 1200 retail locations around Australia.</p>
<h3 class="wp-block-heading" id="snx-is-a-derivative-product">SNX is a derivative product</h3>
<p>In a nutshell, synthetic assets are derivative products issued and traded on DeFi protocols. They are similar to traditional derivative products that derive their value from underlying assets like cryptocurrencies, fiat currency, commodities, precious metals, bonds, and stocks.&nbsp;</p>
<p>The underlying assets are cataloged onto a DeFi protocol like the Synthetix network through tokenization by using smart contracts. Then the tokens, which represent a certificate of ownership of the real-world assets, are issued to investors and traders who can then go ahead and trade the derived assets without holding the real-world assets.</p>
<h3 class="wp-block-heading" id="synthetix-unique-features">Synthetix unique features</h3>
<p>Synthetix network was among the first blockchain protocols to introduce synthetic crypto assets.&nbsp;</p>
<p>The synthetic cryptocurrency assets minted via the Synthetix protocol are synths and have an ‘s’ at the beginning of their names. If the underlying asset is the USD, for example, the synthetic help on Synthetix would appear as sUSD, BTC would appear as sBTC, ETH would appear as sETH, and so on.</p>
<p>The community voted the synths for to exist on the Synthetix protocol.</p>
<p>The prices of the underlying assets of the synths are tracked using smart contract price delivery protocols known as oracles. This system ensures no slippage or liquidity issues when trading the synths.</p>
<p>To mint a synth on the Synthetix network, a user will have to lock up some SNX tokens in a smart contract.</p>
<h3 class="wp-block-heading" id="how-to-stake-snx">How to Stake SNX</h3>
<p>If you truly want to make money staking SNX, there are a few easy steps involved.</p>
<ol>
 <li>First, you need to buy Synthetix and connect to a web3 wallet.</li>
 <li>Visit Mintr, the portal interface for minting and managing Synths.</li>
 <li>Connect your web3 wallet to Mintr.</li>
 <li>Click ‘Mint’ and choose what type of Synth you want to mint.</li>
 <li>Remember to maintain the collateralization ratio.</li>
 <li>Input the number of Synths you want to mint.</li>
 <li>Click ‘Mint Now’.</li>
 <li>Confirm the transaction in your web3 wallet.</li>
</ol>
<p>Afterward, your SNX token will automatically be staked. You will now be able to enjoy rewards generated from trading fees. Furthermore, you are also subject to inflation rewards.</p>
<h2 class="wp-block-heading" id="conclusion">Conclusion&nbsp;</h2>
<p>Synthetix offers a revolutionary product in the market by offering synthetic assets (currency) pegged to the value of real assets. This will see Synthetix provide value for years to investors who directly hold SNX.</p>
<p>The future price prediction of SNX is uncertain, as it will depend on the adoption and success of the Synthetix platform in the DeFi market. However, with its strong potential for disruption and positive long-term outlook from market experts, SNX might potentially see steady growth in the coming years. It is important to conduct your own research and analysis before investing in SNX or any digital asset.</p>

SNX Price Prediction 2024-2033: Is SNX a Good Investment?

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