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SNX Overview

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Intellectia
24H High
0.246
24H Low
0.228
24H Volume
5.57M
24H Volatility
7.89%
All Time High
28.981
All Time Low
0.192
Correlation with BTC
0.36
Return On Investment
-91.53%
Market Cap
83.85M
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
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Official WebsiteBlock ExplorerWhitepaper

Social Media Sentiment

Bullish
Bullish
0 Bullish
0 Neutral
0 Bearish
The current sentiment of SNX on social media as of July 4, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding SNX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
The current sentiment of SNX on social media as of July 4, 2026 indicates a Bullish rating, with 0 users expressing a positive Bullish sentiment, 0 users opting for a Neutral, and 0 users suggesting a Bearish. This reflects a generally optimistic outlook among social media participants regarding SNX's future outlook. While social media sentiment can provide valuable insights into public perception and market trends, its reliability as a sole reference for cryptocurrency investment decisions is limited. The data is often influenced by a small, vocal subset of users, which may not represent the broader market or include professional analysis. Factors such as hype, manipulation, or coordinated campaigns can skew sentiment, reducing its accuracy.
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Social Media Posts

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Addresses Analysis

Holding Amount

Wallet addresses by amount held in USD

$0-$1K98.48%
$1K+0.06%
$1k-$100K+1.46%

Time Held

Traders are addresses that have been holding for less than one month; holders are addresses that have been holding for longer than one year.

Cruisers12.09%
Holders85.99%
Traders1.92%

Whale Holdings

Whales are wallet addresses holding over 1% of the circulating supply.

Others12.61%
Whales87.39%

Wallet addresses by amount held in USD

$0-$1K98.48%
$1K+0.06%
$1k-$100K+1.46%

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Whitepaper Summary

Synthetix is a user-friendly decentralized finance (DeFi) protocol that makes trading derivatives and accessing liquidity easier for everyone. It works like a giant shared pool of money that lets people trade different types of financial products without needing a direct buyer or seller. The platform focuses on making complex trading simple while maintaining the security benefits of blockchain technology. This innovative system allows for instant trades and fair pricing, making it accessible to both new and experienced traders.

News

Coinmarketcap
8.5
09:13 AMCoinmarketcap
Bitcoin ETF Inflows Rebound Amid Economic Data
  • Inflows Rebound: U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, ending a 10-day withdrawal streak, indicating a renewed investor appetite for risk assets amid improving economic data.
  • Top Fund Performance: Fidelity's FBTC attracted the largest share with $166 million in inflows, while ARK 21Shares' ARKB and VanEck's HODL received $91.8 million and $4.4 million respectively, highlighting varying investor preferences across different products.
  • Improved Market Sentiment: The U.S. Labor Department reported a mere 57,000 increase in nonfarm payrolls, significantly below the expected 110,000, coupled with dovish comments from the Fed Chair, which eased rate hike expectations and boosted Bitcoin's investment appeal.
  • Historical Patterns Support: Analysts noted that Bitcoin has historically gained over 20% in July during previous bear markets, suggesting that the current recovery could mirror past patterns, although they caution that history may not necessarily repeat itself.
Coinmarketcap
2.0
09:09 AMCoinmarketcap
Bitcoin's Realized Profit and Loss Ratio Hits 43-Month Low
  • Market Bottom Signal: According to CryptoQuant, Bitcoin's realized profit and loss ratio has dropped to -0.35, the lowest level in 43 months, indicating that this metric historically appears near market bottoms, suggesting the current market may be approaching a bottom.
  • Historical Trend Reemergence: The same indicator fell below -0.35 during the bear markets of 2015 and 2019, after which Bitcoin entered sustained recovery phases, indicating that the current market conditions may signal future rebound opportunities.
  • Improved Fund Flows: U.S. spot Bitcoin ETFs recently recorded $221.7 million in net inflows, ending a 10-session withdrawal streak, although total net outflows for June reached approximately $4.5 billion, reflecting volatility in market sentiment.
  • Increased Institutional Participation: Analysts expect the next Bitcoin bull market to rely more on institutional investors rather than retail traders, especially as the current market correction approaches its end, potentially attracting banks, pension funds, and asset management firms.
Coinmarketcap
7.5
08:12 AMCoinmarketcap
XRP Forms New Lower Bottom, Key Support Holds
  • Support Level Holds: XRP successfully defended the critical support level of $1.02-$1.03 during late June trading, demonstrating strong buyer interest that may lay the groundwork for a subsequent rebound.
  • Resistance Level Analysis: The $1.10 resistance remains the primary technical barrier for XRP's near-term market direction, and a breakout above this level could potentially alter the market structure and drive prices higher.
  • Increased Market Participation: Derivatives market data indicates renewed trader engagement with XRP, as open interest remains elevated across major exchanges, reflecting sustained participation among leveraged traders.
  • Improved Price Momentum: Currently trading at $1.10, XRP has risen 5.50% over the past week and 4.11% in the last 24 hours, and while market sentiment is improving, careful monitoring of resistance behavior is still necessary.
Coinmarketcap
8.0
08:11 AMCoinmarketcap
US Law Enforcement Group Shifts Stance on CLARITY Act
  • Stance Change: The Major County Sheriffs of America (MCSA) has shifted to a neutral position on the CLARITY Act after lawmakers addressed its concerns, indicating that the bill's momentum in Congress may improve, although banking industry worries remain unresolved.
  • Key Provision Revision: Section 604 of the bill, aimed at limiting developer liability for illicit activities by users, raised concerns for MCSA about potential exploitation by criminals, but revisions have alleviated these worries, enhancing the bill's viability.
  • Ongoing Amendment Requests: Despite the neutral stance, MCSA is pushing for amendments, particularly to include state law enforcement in the Treasury's study under Section 309, to better understand decentralized finance and illicit finance risks.
  • Legislative Challenges: Although the CLARITY Act enjoys bipartisan support, it faces hurdles in the Senate due to banking groups' concerns over stablecoin yields, prompting investors to monitor whether the bill can secure a vote before the upcoming midterm elections.

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Frequently Asked Questions

What is price prediction 2025 for SNX Crypto?

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What is surpport and resistant level for SNX Crypto?

The S1 support level for SNX Crypto is $0.198 ,The R1 resistant level for SNX Crypto is $0.245.

What is the current price of SNX Crypto?

The price of SNX Crypto was $0.246.

What is the market cap of SNX?

The market cap of SNX is $83.8M.