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Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the $37,000 level on Monday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,000 mark this morning.
Decentralized finance platform Synthetix caught attention as its token surged over 20% in the past day to new peaks of $3.57. The asset's bullishness comes as the protocol unveils the Per v3 update, designed to improve the platform's trading capabilities.
Synthetix, a popular decentralized finance (DeFi) protocol, has taken the spotlight among altcoins with a remarkable 22% surge in price, pushing the token to a new high of $3.56. This significant price increase has propelled Synthetix's year-to-date (YTD) gains to an impressive 147%.
Synthetix just reached its 15-month-high, last seen in August 2022. However, the price-daily active addresses (DAA) divergence shows a sell signal despite the “Perps V3” announcement.
Synthetix is on a major price run as it stole the show from the altcoins after surging as high as 22% to $3.56 at the time of writing. The Synthetix surge has pushed the token to its highest price level in 2023, erasing all past losses as the year-to-date (YTD) gains have soared to 147%.
The crypto prices today have been moving towards the north on Monday, November 20, as the investors seem to have regained confidence in the market. The market has been in a bullish run lately, mainly due to optimism and speculations over Bitcoin Spot ETF approval.
The cryptocurrency market is again heating up, led by Bitcoin (BTC), after the flagship digital asset reclaimed the $35,000 mark. As the short-term gains progress, there remains widespread uncertainty regarding the sustainability of the rally, with some market participants anticipating a continuation while others foresee a correction.
Decentralised Finance (DeFi) tokens continued their recovery mode as the crypto fear and greed index rose. PancakeSwap (CAKE) price surged by more than 30% on Thursday and reached the highest point since July this year. Synthetix (SNX) price, on the other hand, jumped to a high of $2.50, its highest level since August 2023.
It's not a good start to the week for crypto prices as stocks falter amid the latest flare up in the Israel-Hamas conflict. Among cryptocurrencies to see a brutal start is Synthetix Network (SNX), whose native token is down 4% in the past 24 hours and more than 10% in the red this past week.
Synthetix (SNX) founder Kain Warwick thinks it is now clear that US financial regulators are operating in bad faith to oversee the crypto sector.
Innovative initiatives like Shiba Budz (BUDZ), Render (RNDR), and Synthetix (SNX) are catching the attention of both investors and enthusiasts in the constantly changing world of blockchain technology and cryptocurrencies.
A whale sold its SNX holdings and replaced it with LINK amidst a bull rally. Here's a look at the cryptos following the whale's actions.
Synthetix (SNX) founder Kain Warwick thinks it is nearly impossible for decentralized finance (DeFi) projects to avoid regulatory risk in the US. In July, Warwick founded Infinex, a decentralized perpetual exchange that uses Synthetix for its liquidity.
In the name of diversifying portfolios to include a small share of the next big thing, investors should consider these cryptos to buy.
Kain Warwick tells Cointelegraph that Infinex will help reduce friction in DeFi and close the usability gap between DEXs and CEXs.
SNX has fronted an impressive recovery in the first week of September amidst hype around its V3 upgrade. Can bulls push forward?
Bitcoin (CRYPTO: BTC) edged lower, with the cryptocurrency prices trading below the $26,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,700 mark this morning.
One decentralized finance (DeFi) altcoin project is surging amid the rollout of a highly anticipated network revamp. In the past there days, Synthetix Network (SNX), a protocol that allows users to trade synthetic assets, shot up from a low of $1.91 to a high of $2.51, a more than 32% increase.
Decentralized Finance (DeFi) protocol Synthetix (SNX) is, by a very large margin, leading the altcoin momentum today. The coin is currently changing hands at a price of $2.49 after soaring as high as 15.24% in the past 24 hours, according to data from CoinMarketCap.
Bitcoin (CRYPTO: BTC) traded mostly flat, with the cryptocurrency prices trading below the $26,000 level on Tuesday. Ethereum (CRYPTO: ETH) also remained steady, trading below the key $1,700 mark this morning.
Despite the recent market volatility, Bitcoin(BTC) has found reliable support at $25500. Over the past three weeks, even amidst the crypto market's unpredictability, this coin price has bounced back from the bottom creating a sense of reversal to major altcoins.
$SNX and $LPT, have experienced substantial price surges.
The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance.
The crypto market started September on a bearish note, following the sets of August's downfall. A majority of major coins witnessed extended correction and returned to monthly support.
