Synthetix Trading Down 22.6% This Week (SNX)

Synthetix (SNX) traded down 10.7% against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on April 7th. In the last seven days, Synthetix has traded 22.6% lower against the U.S. dollar. Synthetix has a market capitalization of $200.00 million and approximately $38.40 million worth of Synthetix was traded on exchanges in the last day. One Synthetix coin can currently be purchased for about $0.59 or 0.00000764 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in 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 2.2% lower 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 6.7% lower against the dollar and now trades at $77,053.70 or 0.99925656 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 6.6% lower against the dollar and now trades at $76,829.79 or 0.99635274 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Synthetix Profile

Synthetix was first traded on March 11th, 2018. Synthetix’s total supply is 339,889,850 coins and its circulating supply is 339,466,216 coins. Synthetix’s official website is www.synthetix.io. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. The official message board for Synthetix 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.”

Buying and Selling Synthetix

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

SNX/USD price chart by TradingView