What is Synthetix (SNX)? Is it really the best Defi project of today? Can it reach $8 in 2025? Let’s find out n this Synthetix Price Prediction 2025!
Synthetix is said to be one of the best Defi projects built on Ethereum today. Through Synthetix, investors can trade various assets; from commodities like silver and gold to fiat currencies, they can trade it all on one platform — the Synthetix. Due to this protocol, investors can have synthetic assets of the real world asset they wish to have without having to actually own them.
In this regard, Sythetix gained more attention in the future for its strong potential and fundamentals. Thus, one of the leading crypto online news, CryptoNewZ, Synthetix, can go over the price of $8.86 in 2025 and reach a potential maximum price of $9.09.
While a popular Youtube crypto content creator, Bitboy Crypto, predicts that Synthetix could even reach a high of $400 in the future.
The advent of cryptocurrency was a revolution for the global finance industry. As Decentralised Financial Services (DEFS) becomes a buzzword on the streets, cryptocurrencies based on decentralised blockchain protocol seem to dominate the industry. Bitcoin and cryptocurrencies like Ethereum are popular in this field. Another DeFi project rising in popularity today is the Ethereum based project, Synthetix.
In this Synthetix price prediction article, we will explore the Synthetix overview in detail. After going over a quick review on DeFi.
What is DeFi?
Decentralised finance (DeFi) represents a relatively new trend for cryptocurrencies, prompting the rapid emergence of consumer interest in 2019. DeFi provides services and application development based on blockchain, cryptocurrency, and smart contracts. DeFi aims to provide services typical of banks to the ecosystem. In simple terms, it is a form of the alternative financial sector that is publicly accessible, without regulation from anyone. In addition, all Internet users may have direct access to such websites even though there are no intermediaries.
What is Synthetix (SNX)?
Synthetix is a synthetic asset issuance platform. It means that an investor can own a synthesised version of the real-world asset in the platform. In the Synthetix network, the prices of synthesised assets are with the real world assets’ prices.
Let’s go over this in detail.
Synthetix is a decentralised blockchain protocol based on the Ethereum network that creates and enables the exchange of synthesised assets and data on ether networks. Synth, Synthetix’s official synthetic asset, is an ERC20 token that displays exchange rate values on external assets, including currencies. Using Synthetix, it allows traders are with a better marketable asset, a more liquid asset.
Synthetix: The Founder and Their Purpose
Synthetix was created in 2017 by the team leader and founder Kain Warwick. Warwick was involved in building Australia’s most extensive crypto-monetary payments network, Havven.
Synthetix was first introduced as Havven, a stable coin. However, in the latter part of 2018, Warwick announced that they are transforming Havven to a more comprehensive DeFi project called Synthetix.
Through sales of its SNX token and launching an initial coin offering (ICO) at the start of 2018, Synthetix became a more popular protocol. It was being known for proving on-chain trades on any derivatives asset.
Synthetix Price Prediction: FAQs You Need to Know
Why is Synthetix the Best DeFi Project?
Synthetix is one of the best DeFi projects of 2021. This is because derivatives trading is still an acknowledged better investment option. In the Synthetix network, investors can get more leverage and more liquidity. Also, trading derivatives come with lesser expenses as transaction costs are significantly lower than the spot market.
Synthetix comes with lesser risks compared to trading the real asset. According to InvestorsObserver research, trading synthesised assets through the Synthetix network comes with lower stakes. It is due to the propriety system gauges how much the investor can manipulate an asset by analysing the price shifts and recent changes in volume and market cap.
Furthermore, it is tied with two of the biggest names of the cryptocurrency markets. The project is built on the Ethereum network and is partnered with Chainlink. According to Coin Bureau, Sythetix’s technology is mindblowing, and there’s a lot to look forward to. With Synthetix, there will be more marginal trading alternatives and more involved decentralised derivatives.
What is the minimum value of Synthetix in 2025?
According to a known crypto content news media, CryptoNewZ, with their analysis of the project’s future potential, it could hit a minimum price value of $8.86 and even reach as high as $9.09 in three years.
Another online crypto media outlet, PricePrediction.net, sees more potential in Sythetix in 2025. They declared that the coin could potentially have a minimum value of $15.33, an average price of $15.77, and a maximum price of $18.39 in 2025.
Is Synthetix token a good investment?
SNX’s Risk Gauge ranking indicates that it’s currently a low-risk investment compared to other cryptocurrencies and asset classes. The gauge is an excellent way to minimise the risks associated with investments and add to them. However, Synthetix’s prices have dropped by -82.24% in its one-year return analysis, resulting in a current $765.05 million market cap.
Where can I buy Synthetix (SNX)?
If you are convinced that Synthetix could be an excellent fit for your portfolio and is interested in investing in it, here are the best exchanges where you can buy it from. We suggest buying Synthetix on acknowledged crypto exchanges like Coinbase Pro, e-Toro, and Uniswap. Among these exchanges, eToro is the most ideal place to buy SNX based on our experience.
Synthetix (SNX) Price Prediction, Technical Analysis, and Future
SNX Price History
Synthetix has a price of $0.46 on Coinbase on March 15, 2018. Then the token started to change and remained around $0.69 in May. Further, the market cap of SNX had increased until September. By the end of September, it had plummeted to $0.06. SNX continued with several changes and finished 2018 at $0.04.
During 2019, the SNX tokens traded $0.03 on bearish conditions. SNX prices have increased between $0.05 – $0.07 since May 2019. It has started on a rough patch and continued to be until 2020.
Synthetix rose sharply to $1.35 in June 2020 as SNX stocks climbed. The stock hit a bullish note at $1.44 per share in November.
Synthetix currently costs $3.78, and SNX ranks 132 in eToro’s crypto ecosystem. Synthetix has 434 177,988 shares with an annual market cap of $434,177,383. In the past 48 hours, cryptos are currently -3.49% lower in price.
If you compared the market cap of the SNX to the market cap yesterday, you could observe it has decreased. Synthetix is having difficulty competing with other cryptocurrencies. The SNX dropped nearly 7.71 % from 7 weeks ago onwards.
Synthetix Current Price Analysis
Currently, Synthetix network tokens in Coinbase have a market capitalisation of $426.9 million and rank 61st place in cryptocurrency popularity.
SNX had an average daily volume of 795,900 – Tech NewsLeader Price Index. Synthetix Network Tokens changed its value for the past 12 days. In the last seven days, the prices of SNX changed 33.297%.
Synthetix 2025 Price Prediction
There are many technical analyses on Synthetix to arrive at its future prices. Let us list two of them. One less ambitious prediction on SNX prices for 2025 came from, CryptoNewZ, the website that predicts a $9.09 maximum price for the token. On the other hand, a more considerable expectation of Synthetix came from Bitboy Crypto. The content creator said that a $400 turn in the token prices could be seen in the foreseeable future.
Cryptocurrencies are volatile assets. Thus past and current prices are not indicative of future prices. You must not rely on price predictions when investing in an asset. Since prices can change at any moment, invest only what you can afford to lose.
Synthetix (SNX) Global Future Value Prediction
Synthetic assets can enhance functionality in DeFi and help users buy real-world assets without leaving the Ethereum network. However, owning synths does not necessarily mean owning the underlying asset. Synthetic assets work through SNX investors who emit synthetic assets to earn money. Thus, SNX token pricing varies according to the popularity of the Synthetix platform.
DeFi has a rapidly growing industry – including the Synthetix platform – that is growing. But it has also faced risks from regulatory bodies that are now discussing tighter regulations.
Synthetix Price Prediction Conclusion
Synthesetix Network Tokens (SNX) are among the best coin due to their innovative principles and have attracted the attention of experienced investors. The project was built on the strength of considerable investments in currency and experienced developers that provided the necessary infrastructure to prosper.
Disclaimer on our Synthetix Price Prediction
Any information taken from this article shall not be seen as financial advice. This article is written solely to provide information on Synthetix.
Take time to research before buying any asset. Stay up-to-date on industry developments as they come from expert advisors.