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The crypto market has demonstrated a healthy recovery since January 2023, and, as a result, there has been increased activity in the DeFi world. Synthetix is among the companies that are capitalizing on this recovery.
Bitcoin (CRYPTO: BTC) recorded gains this morning, with the cryptocurrency prices surging back above the key $21,000 level on Friday. Ethereum (CRYPTO: ETH), also traded higher above the key $1,500 mark on Friday.
Synthetix price up 13% to complement steady growth in TVL
Synthetix's native token SNX has been tumbling for many moons as has been the case for most cryptocurrencies. Multiple signs indicate that a potential bullish takeover might be on the way and here's why.
According to our SNX price prediction, the Synthetix token may soon end the current downturn as it gains the potential to break its resistance levels.
CME Group and CF Benchmark launched reference rates and real-time indices for Aave, Synthetix, and Curve. The post CME Group, CF Benchmarks launch new DeFi reference rates for Aave, Curve and Synthetix appeared first on The Block.
Synthetix has slowed down in 2022 in its DeFi pursuits, just like many crypto networks have during the bear market. Regardless, the network remains committed to its long-term pursuits and this was evident in its latest endeavor.
The broader cryptocurrency market is consolidating, with most digital assets looking for a bottom. The ongoing consolidation comes after the widespread effects of the FTX cryptocurrency exchange collapse.
The broader cryptocurrency market is consolidating, with most digital assets looking for a bottom. The ongoing consolidation comes after the widespread effects of the FTX cryptocurrency exchange collapse.
BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, more specifically from Dec. 2 - 9. The post Axie Infinity (AXS), Synthetix (SNX), and ThorChain (RUNE) Lead the Crypto Market Charge appeared first on BeInCrypto.
The text below is a press release that is not part of Cryptonews.com editorial content.
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.
