Synthetix Trading Down 13.9% Over Last 7 Days (SNX)

Synthetix (SNX) traded 2% lower against the dollar during the twenty-four hour period ending at 8:00 AM Eastern on January 29th. One Synthetix coin can currently be bought for $1.47 or 0.00001439 BTC on popular cryptocurrency exchanges. Synthetix has a market capitalization of $499.53 million and approximately $38.12 million worth of Synthetix was traded on exchanges in the last day. Over the last week, Synthetix has traded down 13.9% against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.3% against the dollar and now trades at $102,133.46 or 0.99864511 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 0.5% against the dollar and now trades at $101,772.97 or 0.99512025 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Synthetix Coin Profile

Synthetix launched on March 11th, 2018. Synthetix’s total supply is 339,889,850 coins and its circulating supply is 339,466,217 coins. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. Synthetix’s official website is www.synthetix.io. Synthetix’s official message board is research.synthetix.io. The Reddit community for Synthetix is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here.

According to CryptoCompare, “Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It allows the creation and trading of synthetic assets collateralized by SNX, used for hedging, gaining exposure to diverse assets, and trading on the price movements of real-world assets. SNX stakers are incentivized to contribute to the network and capture fees generated from Synth exchanges, which determine the value of the SNX token.”

Synthetix Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Synthetix directly using U.S. dollars. Investors seeking to trade Synthetix should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Synthetix using one of the exchanges listed above.

SNX/USD price chart by TradingView