Synthetix Network | SNX
$0.6838
Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
$0.6838
Rise 40%
Fall 60%
Rank #34
$8.96
-1.93%
Rank #37
$322.97
-1.87%
Rank #94
$0.9920
+20.99%
Rank #188
$50.36
+1.31%
Rank #291
$0.2719
+1.01%
Rank #319
$5,928.69
+3.2%
Rank #385
$0.7585
+3.24%
Rank #469
$0.09066
+4.7%
Rank #561
$0.7521
+3.42%
Rank #607
$1.23
+4.44%
Rank #1078
$0.6564
+2.53%
Rank #25217
$1,893.17
-0.29%
#290
$232,062,270
$20,285,911
343,466,217
343,889,850.1
27 Jun 2025, 06:41
According to a recent announcement by Bithumb, effective 15:00 on June 27, 2025, Felaz (FLZ) will be classified as a trading warning stock under the Virtual Asset Trading Warning Stock
24 Jun 2025, 13:30
Upbit has removed SNX from its list of closely monitored assets after months of scrutiny over sUSD’s instability. Technical indicators, including a bullish MACD crossover and rising RSI, suggest SNX may be forming a bottom. Despite early signs of recovery, concerns around sUSD’s peg remain a key risk to SNX’s long-term upside. The price of Synthetix (SNX) has surged more than 13% in the last 24 hours after the prominent South Korean cryptocurrency exchange Upbit removed the token from its list of “cautionary” assets. The cryptocurrency saw a 124% surge in trading volume from the news. According to CoinMarketCap , SNX has soared past the $200 million market cap by this time. Upbit Lifts Warning as sUSD Peg Improves Upbit’s decision to delist SNX from its caution list follows concerns about the peg instability of its native stablecoin, sUSD. Earlier in April, deposits for SNX were suspended after Synthetix failed to maintain sUSD’s 1:1 USD peg. Related: SPACE ID Rose by 100% After Listing on Upbit Exchange However, recent stabilization efforts, including a new incentive initiative called the “420 Pool,” appear to have encouraged enough… The post Is Synthetix (SNX) Set for a Rally After Escaping Upbit’s Monitoring List? appeared first on Coin Edition .
18 Jun 2025, 16:07
Comparing THORChain (RUNE) and Synthetix (SNX) offers insights into potential future gains. Both cryptocurrencies show promising technical and market fundamentals. Which one has the edge for mid-term growth? This analysis dives into their respective strengths, challenges, and market positions to uncover which coin might surge ahead in the coming months. THORChain RUNE: Past Decline and Cautious Current Outlook Last month, RUNE experienced a decline of about 22%, and over the past six months, the drop has been even more significant at nearly 72%. The price has remained within a tight range of approximately $1.17 to $2.17, indicating prolonged weakness. This trading activity highlights RUNE's struggle to gain traction, facing substantial losses over the last half-year. Market participants have reacted to negative technical signals, causing price retracement levels to emerge and reinforcing the bearish sentiment observed during this period of broader market volatility. Current pricing positions RUNE within a defined range, facing immediate resistance at $2.68 and a further barrier near $3.68, while solid support exists around $0.68. Bears currently dominate the short-term trend, with technical indicators showing a slightly negative Awesome Oscillator and momentum. The lack of a strong upward movement indicates a sideways market as traders await a definitive trigger for potential breakout direction. In this range, buying opportunities near support levels may be favorable, while planning for short-term exits around resistance can help manage risk as the market remains cautious. Synthetix Under Pressure: Past Decline and Key Price Levels SNX price action shows a steep slide with a one-month drop close to 27% and a half-year decline nearing 72%. The trading range held steady between roughly $0.54 and $0.89 during recent sessions. A clear downward movement marked this period without any signs of recovery or stabilization. Price losses over these spans point to a market struggling to regain momentum, with technical signals remaining subdued and decision-making marred by persistent negative readings. Current trading levels position the altcoin in a critical bout between clear support at around $0.40 and resistance at $1.10, with further resistance visible at about $1.45 and lower support near $0.05. Bears seem to hold sway as the overall sentiment reflects ongoing pressure. Technical markers such as the momentum indicator and RSI near 37 hint at oversold conditions but lack immediate bullish reversal signals. Trading within these levels could involve watching for signs of a bounce when the price nears $0.40, while breakouts above $1.10 might invite short-term rallies if buyers return. Strategies could include cautious entry on dips combined with tight stop orders to manage the prevailing downward bias. Data shifts suggest risk remains high until a sustained recovery above the $1.10 level is observed. Conclusion RUNE and SNX both show strong potential for price growth in the mid-term. RUNE benefits from its innovative liquidity solutions. SNX excels with its synthetic assets. Both coins have unique strengths. Investors should consider their individual risk profiles and goals. RUNE might appeal to those interested in liquidity pools. SNX could attract those keen on synthetic asset creation. It's crucial to analyze market trends and project developments before making decisions. Both offer exciting opportunities for different types of investors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 Jun 2025, 11:00
DeFi protocol Synthetix will shut down its Layer-2 deployments on Base by July 7. The team cited “fragmented liquidity” as the reason for the pivot back to Ethereum mainnet. The strategic shift comes after the price of the native SNX token has fallen by 83%. The decentralized finance (DeFi) protocol Synthetix has announced a major strategic pivot, setting a July 7 target to phase out all of its Layer-2 deployments on the Base network. The derivatives protocol stated it will now consolidate its focus on the Ethereum mainnet, a surprising move that goes against the broader industry trend of L2 expansion. The decision comes after the project’s native token, SNX, has suffered from significant bearish pressure and a lack of liquidity for several months. Why the Protocol Is Refocusing on Ethereum Mainnet According to Synthetix, the decision to phase out its L2 deployments stems from ongoing infrastructure instability and fragmented liquidity. Meanwhile, the liquidity provider (LP) vaults have stopped accepting deposits because of the latest decision. Related: sUSD Crashes Below $0.77: Synthetix Faces Challenges After Major Protocol Changes All existing … The post Synthetix to Shut Down Its Layer-2 Deployments on Base, Refocus on Ethereum appeared first on Coin Edition .
