Synthetix Network (SNX)Synthetix Network (SNX) up-to-date price information, find exchanges where to buy SNX, and discover similar coins to SNX based on volume or price.
Data last updated about 24 minutes agoSNX All Time Low/High: €0.0304649 (+7909%) / €23.54 (-90%)
Disclaimer: All snx price data is sourced from a third-party site. While we try to always offer correct and up-to-date snx price data, it can sometimes be wrong. Cryptolorium assumes no responsibility or liability for any errors or omissions in the content of this site. So we suggest you pay attention to any abnormalities yourself and take all snx price as well as snx price change information brought out above with a grain of salt. And as always, keep in mind that trading cryptos contains risks which may result in partial or full loss of your investment.
How popular is SNX cryptocurrency?Synthetix Network ranks 79th among all cryptocurrencies. It has a market cap of €548864001. The total trading volume within the last 24 hours was €135449000.
Where can you buy SNX crypto?You can currently buy SNX in these exchanges: BitMart. The currencies you can use to buy SNX are .
How much potential does SNX have?It's hard to say how much potential Synthetix Network has, but based on its circulating supply (225,887,106), it can theoretically grow at least 662x before it would become more popular than Bitcoin. This means that based on SNX maximum potential it could reach €1615.19 before it would have to overtake Bitcoin. But then again, this is not a SNX price prediction of any sort, but just logical calculation.
Learn more about altcoins maximum potential prices.
How well has Synthetix Network performed compared to top 300 cryptos?So how well has Synthetix Network performed lately? How much has SNX price increased or decreased? And let's compare the price changes with the top 300 crypto average change.
Where can I find more information about Synthetix Network?You can find more information about SNX from Synthetix Network subreddit, Synthetix Network twitter page, Synthetix Network official homepage, and we always recommend you to do further research about Synthetix Network yourself as well.
When was SNX launched?According to our information SNX coin was launched 11th March 2018.
What is Synthetix Network?Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on N...ovember 30, 2018.
Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.”
This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.
This data has been sourced from third party.Read more
|Cryptocurrency: Synthetix Network||Symbol: SNX|
|Market Cap: 548864001||Rank: 79||Volume: 135449000|
Synthetix Network (SNX) live price chart
Cryptos with similar price movements as SNX within the last 7 days
|Symbol||Price||7d change||30d change||Volume|
How big was Synthetix Network coin volume within the last 24h?
Synthetix Network (SNX) last recorded volume was € 135449000.
How much has Synthetix Network coin price changed during the last week?
SNX price has changed during the last 7 days -17.47 %.
How much has Synthetix Network price changed during the 30 days?
SNX price has changed during the last 30 days 0.52 %.
How much has Synthetix Network price changed during one year?
SNX price has changed during the last year -58.89 %.
Is SNX coin close to its All Time High price?
SNX all time high price (ath) is €23.54. Its current price is €2.44. This means that the difference between Synthetix Network (SNX) All Time High price and SNX current price is -90%.
What is the maximum price Synthetix Network (SNX) can reach?
SNX has a current circulating supply of 225,887,106. Based on our calculation SNX could reach up to €1615.19 before it would have to overtake Bitcoin. So in theory the potential for growth is 662x its current value (€2.44). However, keep in mind that this is just a logical maximum potential price calculation for Synthetix Network and in no way is it a prediction of any kind.
Does Synthetix Network crypto have limited supply?
Synthetix Network (SNX) is a limited supply cryptocurrency. We base that on its max supply of 275,604,000, total supply of 275,603,955, and circulating supply of 225,887,106 (meaning, the max supply is not much higher than circulating supply).
Where can you trade Synthetix Network?
Synthetix Network is currently listed on at least these crypto exchanges: BitMart and possibly some others.