Synthetix Market Capitalization Reaches $926.76 Million (SNX)

Synthetix (SNX) traded up 1.9% against the US dollar during the 1 day period ending at 13:00 PM Eastern on April 18th. One Synthetix coin can now be bought for approximately $2.83 or 0.00004465 BTC on major exchanges. Synthetix has a total market capitalization of $926.76 million and approximately $40.88 million worth of Synthetix was traded on exchanges in the last day. During the last seven days, Synthetix has traded down 26.6% against the US dollar.

Here’s how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 2.1% higher against the dollar and now trades at $0.33 or 0.00000525 BTC.
• 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.5% lower against the dollar and now trades at $0.0085 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Synthetix

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 Reddit community for Synthetix is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here. 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.

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.”

Synthetix Coin Trading

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

SNX/USD price chart by TradingView