Synthetix Network Price Overview
The current Synthetix Network (SNX) price stands at €0.487, reflecting a 24-hour change of -4.86%. With a trading volume of €8,038,480, SNX holds the 283rd market rank based on its €167,685,420 market capitalization. The circulating supply is 343,466,217 SNX. Historically, SNX reached an all-time high of €23.540 and a record low of €0.030464870.
👉 Track real-time SNX price movements with our live chart.
Key Metrics:
- Current Price: €0.487
- 24h Volume: €8,038,480
- Market Cap: €167,685,420
- All-Time High: €23.540
- All-Time Low: €0.030464870
Synthetix (SNX) Background
Launched in 2017 as Havven (HAV) and rebranded in 2018, Synthetix is an Ethereum-based liquidity protocol for issuing synthetic assets (Synths). These ERC-20-based derivatives track real-world assets like cryptocurrencies, commodities, and indexes, enabling exposure without ownership. SNX serves as collateral for Synths and powers Kwenta, Synthetix’s decentralized exchange (DEX).
SNX Price Determinants:
- Market Capitalization vs. Circulating Supply
- Trading Volumes & Demand
- DeFi Market Trends
- Ethereum Network Performance
- Investor Sentiment
SNX Price History
Major Milestones:
- 2018-2019: Traded at $0.059 post-rebrand; hit ATL of $0.034 in 2019.
- Late 2019: Bullish surge to $1.50 in November.
- 2020: Peaked at $7.14 in September; ended year at $8.
- 2021: All-time high of $28.53 (February); 3000% returns by April.
Price Analysis:
- Technical Analysis (TA): Charts and trends predict future movements.
- Fundamental Analysis: Evaluates utility, team activity, and upgrades.
- Sentiment Analysis: Gauges market optimism/pessimism.
Live SNX Value & Market Data
Market Cap & Dominance:
Calculated as Circulating Supply × Current Price. SNX’s rank reflects its share of the crypto economy.
Trading Volume:
Indicates liquidity and investor interest. Higher volumes often correlate with price stability.
👉 Compare SNX to other DeFi tokens for strategic investments.
FAQs
1. What’s SNX’s highest price in EUR?
A: €23.540 (recorded in February 2021).
2. What’s the lowest SNX price ever?
A: €0.030464870.
3. How do I buy SNX?
A: Purchase SNX on major exchanges or decentralized platforms like Kwenta.
4. Is SNX a good 2024 investment?
A: With strong DeFi utility and historical gains, SNX remains a high-potential asset.
5. What drives SNX’s price?
A: Demand, Ethereum network trends, and broader crypto market dynamics.
Conclusion
Synthetix (SNX) has demonstrated remarkable volatility, from €0.03 lows to €23+ peaks. Its role in DeFi and synthetic asset creation positions it as a unique crypto asset. While prices fluctuate with market trends, SNX’s technical foundation suggests long-term viability.
Ready to invest? Start trading SNX today with a user-friendly platform!
### Keywords:
Synthetix Network, SNX price, DeFi, synthetic assets, Ethereum, Kwenta, cryptocurrency investment, Synthetix market cap
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