Synthetix is a decentralised protocol that is aimed at providing liquidity services to many other blockchain networks on both Ethereum and Optimism blockchains. Synthetix protocol has native assets called Synths. SNX, ETH and LUSD can be used as collateral to facilitate the platform’s liquidity. . The users do not have to be real holders of the assets, instead they can represent their holdings using Synths. Users can stake their SNX tokens on the platform’s liquidity pool to get rewards and incentives.
This article will give you further insights to the price prediction of SNX tokens and details about where and how to buy SNX tokens, to aid your buying decisions.
What Are SNX Tokens?
SNX tokens are native to the Synthetix platform. It has its roots on both Ethereum and Optimism protocols. The token is ERC-20 compliant and is safeguarded by the proof-of-stake (PoS) consensus agreement.
The following figures will give you a rough idea about the market trends of SNX tokens.
- Current Market Price: $2.01
- Market Capitalization: $660,422,378
- Fully Diluted Valuation: $661,276,510
- 24 Hour Trading Volume: $24,045,609
- Total Value Locked (TVL): $418,744,308
- Circulating Supply: 327,769,196
- Total Supply: 328,193,104
- Max Supply: 328,193,104
Synthetix (SNX) Price Prediction 2024–2030
The price prediction data for SNX token for the years 2024–2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $1.78 | $4.14 | $4.36 |
| 2025 | $4.27 | $4.90 | $5.09 |
| 2026 | $5.86 | $7.10 | $7.25 |
| 2027 | $7.65 | $8.83 | $9.08 |
| 2028 | $7.65 | $8.83 | $9.08 |
| 2029 | $9.43 | $10.56 | $10.89 |
| 2030 | $13.41 | $14.21 | $14.89 |
Synthetix (SNX) Price Prediction 2024
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| June 2024 | $1.99 | $1.99 | $1.99 |
| July 2024 | $1.77 | $3.47 | $4.18 |
| August 2024 | $1.72 | $3.17 | $4.21 |
| September 2024 | $1.75 | $1.80 | $4.27 |
| October 2024 | $1.74 | $3.24 | $4.32 |
| November 2024 | $1.66 | $1.87 | $4.22 |
| December 2024 | $1.66 | $3.24 | $4.27 |
Synthetix (SNX) Price Prediction 2025
| Year | Low Price | Average Price | High Price |
| January 2025 | $4.19 | $4.62 | $5.07 |
| February 2025 | $4.23 | $4.69 | $4.99 |
| March 2025 | $4.18 | $4.22 | $5.01 |
| April 2025 | $4.23 | $4.42 | $5.08 |
| May 2025 | $4.19 | $4.25 | $4.61 |
| June 2025 | $4.27 | $4.32 | $4.43 |
| July 2025 | $4.20 | $4.27 | $4.52 |
| August 2025 | $4.19 | $4.88 | $5.02 |
| September 2025 | $4.24 | $4.45 | $5.09 |
| October 2025 | $4.21 | $4.90 | $4.95 |
| November 2025 | $4.24 | $4.37 | $4.47 |
| December 2025 | $4.22 | $4.36 | $4.49 |
Synthetix (SNX) Price Prediction 2030
| Year | Low Price | Average Price | High Price |
| January 2030 | $13.34 | $13.51 | $14.11 |
| February 2030 | $13.36 | $14.21 | $14.65 |
| March 2030 | $13.33 | $13.93 | $14.72 |
| April 2030 | $13.35 | $13.51 | $13.96 |
| May 2030 | $13.40 | $13.70 | $14.73 |
| June 2030 | $13.33 | $13.48 | $14.00 |
| July 2030 | $13.41 | $13.57 | $14.89 |
| August 2030 | $13.32 | $13.57 | $14.52 |
| September 2030 | $13.36 | $13.86 | $14.61 |
| October 2030 | $13.40 | $13.62 | $14.43 |
| November 2030 | $13.36 | $14.13 | $14.87 |
| December 2030 | $13.35 | $13.41 | $13.96 |
Where And How To Buy SNX Tokens?
Like any other cryptocurrency, SNX tokens are also listed on the given list of cryptocurrency exchanges from where investors can buy the token in exchange of another cryptocurrency or a fiat currency such as US dollar.
- Gate.io
- Azbit
- Bitunix
- Binance
- BYDFi
- BTCC
- OKX
The simple steps explained below will facilitate easy buying of SNX tokens from these exchanges.
- Create a personal account on any of the exchanges mentioned above. It is necessary that you provide your personal details for completing the exchange’s KYC processes.
- Connect any cryptocurrency wallet to the exchange account to make the transactions possible.
- Make sure that you have enough cryptocurrency in your wallet to exchange for SNX tokens as well as to pay the transaction fees.
- Transfer the money which you have in your wallet to exchange it for SNX tokens.
- After the successful completion of the transactions, you will automatically receive the purchased tokens on your account. Check your account and confirm this.
Conclusion
SNX tokens have a bearish market at present. 24 technical analysis indicators are showing bearish trends and 9 technical analysis indicators are showing bullish trends. If we look at the price prediction data, the prices will have a 10x increase by 2030, but since the bearish trends prevail, it is advised that you do not invest in SNX tokens now. You can closely monitor the price performance of SNX tokens and can purchase it once the market sentiments turn bullish.
