Synthetix (SNX) Price Hits $1.58 on Major Exchanges

Synthetix (SNX) traded 5.5% higher against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on September 20th. One Synthetix coin can now be bought for $1.58 or 0.00002498 BTC on popular exchanges. Synthetix has a market capitalization of $518.20 million and approximately $21.96 million worth of Synthetix was traded on exchanges in the last 24 hours. In the last seven days, Synthetix has traded up 8% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0.3% against the dollar and now trades at $0.0381 or 0.00000060 BTC.
• P2P Solutions foundation (P2PS) traded up 4.6% against the dollar and now trades at $165.83 or 0.00262063 BTC.

Synthetix Coin Profile

Synthetix was first traded on March 11th, 2018. Synthetix’s total supply is 328,193,104 coins and its circulating supply is 327,769,196 coins. The official website for Synthetix is www.synthetix.io. The official message board for Synthetix is research.synthetix.io. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. 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.”

Buying and Selling Synthetix

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

SNX/USD price chart by TradingView