Synthetix (SNX) Price Reaches $1.40 on Exchanges

Synthetix (SNX) traded down 5.6% against the U.S. dollar during the 1 day period ending at 7:00 AM ET on August 28th. One Synthetix coin can currently be purchased for approximately $1.40 or 0.00002341 BTC on major exchanges. Synthetix has a market capitalization of $460.37 million and $20.64 million worth of Synthetix was traded on exchanges in the last 24 hours. Over the last week, Synthetix has traded down 1.7% against the U.S. dollar.

Here’s how related cryptocurrencies have performed over 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 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.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 14.3% lower against the dollar and now trades at $0.0523 or 0.00000087 BTC.
• 2G Carbon Coin (2GCC) traded down 0.4% against the dollar and now trades at $0.0480 or 0.00000183 BTC.

About Synthetix

Synthetix’s genesis date was March 11th, 2018. Synthetix’s total supply is 328,193,104 coins and its circulating supply is 327,769,196 coins. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. Synthetix’s official website 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. 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.”

Buying and Selling Synthetix

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

SNX/USD price chart by TradingView