Synthetix (SNX)

Synthetix (SNX) Price

Rank 251

$0.2288
+$0.0047(+2.10%)

Market Cap

$132.58M

24h High

$0.2295

24h Low

$0.2212

24h Turnover

$20.36K

Total Supply

581.00M

Market Sentiment

Neutral

Synthetix (SNX) Price Performance

View Synthetix (SNX) Price Prediction

Synthetix (SNX) has a Last Price of $0.2288, with a 24h change of +2.10%. The 24h low is $0.2212, the 24h high is $0.2295, and the 24h turnover is $20.36K. The current market cap is approximately $132.58M, ranking 251 by market cap and accounting for 0.0025% of the total crypto market cap. The All-Time High is $28.5300 (⁦2021-02-13⁩), with a change from the All-Time High of -99.20%.

  • 7 Days

    -0.04%

    Low
    $0.2025
    High
    $0.2307
  • 30 Days

    -5.22%

    Low
    $0.2025
    High
    $0.2779
  • 90 Days

    +4.00%

    Low
    $0.1897
    High
    $0.2779
  • 1 Year

    -84.46%

    Low
    $0.1897
    High
    $1.5244

Fear & Greed Index

0 Extreme Fear100 Extreme Greed
Yesterday
55
Normal
Last Week
62
Greed
Last Month
70
Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Synthetix (SNX) Rise in the Last 24 Hours?

Short-term technical signals for Synthetix (SNX) are firmer: moving averages are bullish on the 15-minute and 1-hour charts, with the 1-hour ADX at 38.13. However, the daily moving averages remain bearish, the ADX is only 15.99, and MACD shows no crossover signal on any timeframe, so the short-term rise does not confirm a reversal of the broader trend. The 4-hour moving averages are neutral, further showing that signals differ across timeframes. The top-five-level bid-to-ask depth ratio is 0.93, indicating a broadly balanced book. At 05:00 UTC on 2026-10-21, the largest bid was at 0.2242, while sell orders were more concentrated at 0.2255 and could constrain the upside. Missing volume data prevents assessing participation in the price move; narrow trading and a slightly lower close also suggest momentum may be fading. The available factors are more consistent with a technical rebound and a short-term buying bias than with a clear fundamental catalyst.

About Synthetix (SNX)

Synthetix (formerly known as havven) is designed for engineers to build decentralized and untrusted networks. The synthetix network token (SNx) token supports a variety of comprehensive assets, including legal currency linked to the US dollar, precious metals, indexes and even other cryptocurrencies.

Use Cases and Features

SNX is the protocol token of Synthetix, which provides liquidity and infrastructure for onchain derivatives. Users can use SNX as collateral to participate in the protocol and mint sUSD; this involves debt management rather than simply holding tokens for returns. V3 is intended to distribute revenue generated by trading fees to liquidity providers and support multiple forms of governance-approved collateral.

Supply and Issuance Mechanism

SNX’s supply mechanism has changed with governance decisions. SIP 2043 ended regular SNX inflation after it was implemented in 2023; the protocol later introduced a design to buy back and burn SNX using part of trading fees. Since governance can adjust protocol rules, SNX supply should not be assessed solely from historical issuance arrangements.

How to Buy and Use Synthetix (SNX)

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Frequently Asked Questions About Synthetix (SNX)

What is SNX?

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What is the relationship between SNX and sUSD?

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Does holding SNX mean owning shares in a company?

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Will SNX continue to be issued in the same way as before?

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What is the practical effect of buying back and burning SNX?

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What does Synthetix V3 mean for SNX?

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Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

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