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The cryptocurrency market has been mostly stagnant today, while Bitcoin is fluctuating around the $17,000 mark yet again and traders are unsure of Bitcoin's or the wider market's next move.
Price rally of protocol's token most likely caused by general recovery of market
Crypto Prices Today: It is certainly an exciting Monday for investors in the crypto market as the crypto prices today is positive. The majority of the coins have seen a jump and are trading in green.
Cryptocurrency prices saw some rebound this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, trading higher on Tuesday. Ethereum (CRYPTO: ETH) recorded minor losses, remaining below the $1,300 level on Tuesday.
The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Synthetix [SNX] managed to pull off a solid uptick by more than 10% as of 17 October. This performance meant that it had outperformed many of the top cryptocurrencies during the same period.
The market reversal is inevitable. In the depths of the crypto winter, this fact eludes investors and they settle into a mentality that it will be lower lows forever. This stops them from taking advantage of buying the dip. The reversal will not be recognised as a reversal.
DeFi guru Warwick had some sharp words for the state of DeFi governance—and voting tools like Snapshot—at this year's SmartCon conference.
A former Synthetix developer named Liam Zebedee has introduced his newfound way of bypassing prohibited blockchain apps like Tornado Cash.
Synthetix founder Kain Warwick spoke with Decrypt's Dan Roberts all about DeFi governance and its challenges, his problems with voting platforms like Snapshot, DAO fatigue, regulation and the SEC, and stablecoins onstage at Chainlink SmartCon 2022.
Synthetix founder Kain Warwick joins Decrypt's Dan Roberts and Liam Kelly in our Decrypting Mainnet series at Mainnet 2022 to give his views on regulation and the SEC, how DeFi projects will split between compliant and non-compliant and that it's "ideologically confusing" but "not necessarily a bad thing."
Interest in Synthetix Network Token (SNX) has spiked tremendously on social media as SNX gains a mere 4% on the daily chart; but with on-chain indicators glimmering can SNX start a rally any time soon? The post Synthetix Related Mentions on Social Media Spike by 80%, Can SNX Price Keep Up?
Bitcoin price remained strong above the $18,500 support zone. BTC formed a base and started a fresh increase above $19,000. It is currently (03:10 UTC) consolidating above the $19,200 level and eyes more upsides.
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In the race to find the next big thing in cryptocurrency, many people look to social currency as a way to invest.
The cryptocurrencies below are trading in the downtrend zones and are capable of further decline.
Synthetix is at the cusp of a breakout after the release of new announcements on the network. The network is rolling out a proposal to cap SNX's maximum supply at a “very memorable” 300 million.
Synthetix price has lost the bullish momentum it had in August as the broad cryptocurrency and stock markets recoil.
The Synthetix flat market trend started on the 20th of August when the market touched a support level of $2.
After breaking above the moving averages, the Synthetix price prediction moves to cross above the upper boundary of the channel.
The layer-2 scaling solution Synthetix undertook some important developments this month. Often described as a “blue chip” DeFi project, Synthetix was one of the first projects to launch on the Ethereum network.
The crypto market decoupled from the NASDAQ 100 today, with network news delivering breakout sessions for several of the crypto top 100.
The Synthetix price prediction shows that SNX is facing the upside as the coin moves to break above the 9-day moving average to reach $3.15.
Analysts from Messari solved puzzle of dramatic imbalance between Synthetix (SNX) activity metric and price of its token
