Tag: snx

Jun 22 2022

What’s Next After SNX Dropped Below Its 2020 Yearly Low?

Jun 22 2022 Published at Altcoin Buzz under tags  snx synthetix technical analysis

As Bitcoin and other cryptocurrencies have fallen in price to trade at levels last seen in November 2020, SNX, the native currency that drives the Synthetix Decentralized Finance protocol, has increased in value. Following a 52-week low of $1.64 on June 15, SNX has gained over 100% in price. Due to a rise in atomic swaps on Curve Finance and 1inch,...

Jun 20 2022

Bitcoin and Ethereum Reject Weekend Lows, SNX Enters Top 100 on 75% Daily Surge

During the weekend, the price of Bitcoin dropped below the $18,000 mark and hit a 19-month low of $17,700. Much like Bitcoin, Ethereum and other digital assets also plunged to their respective multi-month lows as the cryptocurrency market cap shrinked to $852 billion.

May 03 2022

ApeCoin is the #3 Coin to Watch for the Week of May 2 – May 8, 2022

During Week 17, the total market capitalization diminished by another $100 billion, dropping from $1.88 trillion on April 28 to just $1.78 trillion on May 1. While we have seen greater weekly losses in the past, the general sentiment of the crypto markets is currently rather negative, which might indicate that we are sailing towards a longer bear market period. Nevertheless, the lower...

Apr 14 2022

Mar 16 2022

Synthetix to launch perpetual futures on Ethereum scaling solution Optimism

Mar 16 2022 Published at CryptoSlate under tags  btc derivatives eth ethereum layer2

Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent...

Dec 10 2021

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

Dec 10 2021 Published at CryptoSlate under tags  defi eth luna snx stablecoins

As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate what is driving the adoption and how exactly did UST manage to leave the competition lagging so far behind? While fueling the DeFi market, the decentralized stablecoin sector continues to rapidly grow. By leveraging...

Jul 12 2021

Jul 07 2021

Could It Be DeFi Summer Once Again?

Jul 07 2021 Published at Unchained Podcast under tags  aave binance bitcoin comp compoud

July 7, 2021 / Unchained Daily / Laura Shin Daily Bits...

DeFi summer 2.0? Synthetix, Aave, Sushi pump double digits

Jul 07 2021 Published at CryptoSlate under tags  aave btc comp defi lending

The decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking...

Jul 06 2021

SNX Price Prediction

Jul 06 2021 Published at Altcoin Buzz under tags  snx synthetix technical analysis

Synthetix is a decentralized synthetic asset issuance protocol Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the...

Mar 25 2021

DeFi Protocol Synthetix Forges Ahead With L2 Testing

Decentralized finance platform Synthetix has been one of the first to embrace Layer 2 scaling, and it has just posted a progress update. In a March 24 blog post, Synthetix, the synthetic asset trading platform, stated that its transition to Layer 2, which began in January 2020, has been “amazing to watch so...

Feb 18 2021

Synthetix Network: – All you need to know about Synthetix (SNX)

Feb 18 2021 Published at CryptoTicker under tags  altcoin crypto defi education free resources

Synthetix (SNX) is one of the topmost Decentralised Finance (DeFi) platforms. Synthetix's native token SNX is at no. 7 in terms of market capitalization. Synthetix is essentially a decentralized exchange but also works as a synthetic asset issuance platform. This post is a basic guide about the...

Jan 31 2021

Staking on Synthetix Live on Optimistic Ethereum

Staking on Synthetix is live on the L2 mainnet, Optimistic Ethereum (OΞ). With this staking, Synthetix has attained a new height. Likewise, the Ethereum ecosystem also experienced a new height as Optimistic Ethereum (OΞ) is the first-ever scaling solution that has full cross-layer porting capabilities for smart contracts. In addition, such porting does not require the contracts to be rewritten. The Synthetix team...

Jan 14 2021

Synthetix Protocol Steps on the Gas With Layer 2 Launch

As Ethereum gas prices continue to skyrocket, decentralized finance protocols are striving to implement Layer 2 (L2) scaling solutions, and Synthetix is the latest to launch. Synthetix, the DeFi-based synthetic assets protocol that tracks the value of real-world assets, is about to launch its Optimistic Ethereum mainnet, entering a new era...

Dec 24 2020

Altcoin Price Update: THETA, BEL, and SNX

Dec 24 2020 Published at Altcoin Buzz under tags  bel snx technical analysis theta

With the SEC filing a case against Ripple Labs and its founders with a lawsuit worth $1.3 billion, it has created a lot of FUD in the whole crypto market. Like Ripple, this lawsuit could be extended to several other cryptocurrencies which could fall under the category of securities. This could result in a drop in the price of several altcoins. We have...

Dec 22 2020

DeFi Protocol Synthetix Launches New Staking Platform

Dec 22 2020 Published at Coingape under tags  defi defi news snx staking synthetix

Synthetic token DeFi protocol Synthetix has just launched a new platform with a range of staking and earning options for users. The decentralized finance protocol stated that the new interface has been rethought from the ground up to provide the best staking experience for holders of its native SNX token. The new staking dApp aligns The post DeFi Protocol Synthetix Launches New Staking...

Dec 15 2020

SushiSwap and Synthetix lead DeFi tokens in recovery amid widespread consolidation

Dec 15 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

The cryptocurrency market is in consolidation but SNX and SUSHI are flying the bullish flag high. Synthetix is poised for a 60% upswing above the ascending triangle pattern. The...

Nov 11 2020

DeFi Market Outperformed Overall Crypto Market by 18.4% Weekly Gains

Nov 11 2020 Published at Coingape under tags  comp defi defi news defi pulse news

After a significant correction through October 2020, the DeFi market has bounced back very strongly once again. Over the last week, the DeFi market has outperformed the overall crypto market in terms of the overall percentage gains. The Defi...

Nov 06 2020

How To Use The Synthetix Staking Platform – Mintr

Synthetix is a decentralized protocol built on Ethereum that allows SNX users to generate a wide variety of synthetic assets, known as synths. Users can generate synths by locking their SNX as collateral via the Synthetix smart contract. The collateralized assets are combined to create a counterparty debt pool to all the minted synths; thus allowing Synthetix...

Oct 16 2020

Synthetix Network Token DeFi Dominance Tanks Amid Looming Breakdown

Oct 16 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

Synthetix declines on hiatus amid low volatility and volume. Recovery is likely to hit a snag at the 21-day SMA, which could send SNX back to the drawing board. The decentralized finance (DeFi) craze appears to have hit pause. It seems this the time tokens in the sector have to prove their worth to investors. The post Synthetix Network Token DeFi Dominance Tanks...

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