Key takeaways
- The average SNX price prediction for 2024 is $3.53.
- In 2025, it will range between $4.91 and $5.83, with an average price of $5.09.
- In 2030, it will range between $31.41 and $37.72, with an average price of $32.39.
SNX is the native token for the Synthetix Network and is used for governance. It is listed on top exchanges like Binance, Uniswap, Coinbase, OKX, and Bybit. Synthetic is a decentralized protocol that allows you to create and transact synthetic tokens on the Ethereum blockchain.
Is SNX a good investment? Will it go up? Where will it be in five years? Let’s get into the SNX price prediction and technical analysis.
Also Read: How to Stake SNX
Overview
| Cryptocurrency | Synthetix |
| Abbreviation | SNX |
| Current Price | $1.966 |
| Market Cap | $643,954,554 |
| Trading Volume | $24,072,250 |
| Circulating Supply | 327,769,196 |
| All-time High | $28.77, on Feb 14, 2021 |
| All-time Low | $0.03258, on Jan 5,2019 |
| 24-hour High | $2.10 |
| 24-hour Low | $1.96 |
SNX price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day Variation) | 9.58% |
| 50-day SMA | $ 2.69 |
| 200-day SMA | $ 3.50 |
| Sentiment | Bearish |
| Fear & Greed Index | 71 (Greed) |
| Green Days | 15/30 (50%) |
Synthetix price analysis: SNX value drops to $1.966 after a bearish strike
TL;DR
- Synthetix price analysis confirms a downtrend.
- The coin value has dropped to $1.966.
- Support is being provided at the $1.791 end.
The daily and hourly Synthetix price analysis for June 28, 2024, indicates a bearish scenario for the cryptocurrency. The price movements have been constantly fluctuating since the past week, but currently the bears are winning. The selling momentum has been intensifying for the past 24 hours. Whereas, the overall value of the cryptocurrency has depreciated to $1.966, considering the downtrend.
SNX/USD 1-day Chart: A bearish dive leads to a devaluation below $1.966
The daily Synthetix price analysis suggests a decreasing trend for the cryptocurrency. The circumstances are yet again in favor of the bears, as a considerable rise in selling activity was observed during the day. The coin value has been reduced to $1.966 after the bearish comeback in the past 24 hours. Side by side, the Moving Average (MA) indicator shows a major decline in its value as well. The indicator’s value has moved down to $1.992 because of the continual bearish wave in the past few weeks.
The volatility is on the decreasing side, which is a bullish signal for the coming market events. The upper extreme of the Bollinger bands indicator has switched to $2.402 high, hinting at the resistance level. Whereas, the lower extreme of the Bollinger bands indicator has moved to a low of a low of $1.791, signaling support. The Relative Strength Index (RSI) indicator confirms the decreasing price movement. Its overall value has dropped to index 35.32 because of the downturn today.
SNX/USD 4-hour Chart: The bearish tide intensifies as SNX sinks to $1.966
The hourly Synthetix price analysis indicates a bearish prediction for the cryptocurrency. The circumstances have been in support of the sellers since the early hours of the day. A similar price movement was recorded in the past four hours, as the bearish momentum remained high. The overall value of the cryptocurrency has thus depreciated below the $1.966 marker. If we talk about the moving average indicator, then its curve is bearish on the four-hour price chart. Its value has deteriorated to $2.026, hinting at a constant bearish wave.
The volatility is expanding on the four-hour price chart, which is a bearish signal for the coming price movements. The upper Bollinger band dictates its value at $2.074, signaling the resistance levels. Whereas, the lower Bollinger band is currently situated at $1.949, hinting at support. The RSI indicator displays a steep slope on its graph. The indicator’s value has crumbled to 43.24 following a massive downturn.
SNX technical indicators
Daily simple moving averages
| Period | Value ($) | Action |
| SMA 3 | 2.47 | SELL |
| SMA 5 | 2.41 | SELL |
| SMA 10 | 2.43 | SELL |
| SMA 21 | 2.61 | SELL |
| SMA 50 | 2.69 | SELL |
| SMA 100 | 3.32 | SELL |
| SMA 200 | 3.50 | SELL |
Daily exponential moving averages
| Period | Value ($) | Action |
| EMA 3 | 2.61 | SELL |
| EMA 5 | 2.71 | SELL |
| EMA 10 | 2.79 | SELL |
| EMA 21 | 2.81 | SELL |
| EMA 50 | 2.96 | SELL |
| EMA 100 | 3.20 | SELL |
| EMA 200 | 3.25 | SELL |
What can we expect from SNX price analysis next?
The daily as well as hourly Synthetix price analysis confirms a highly bearish scenario for the day. The coin value has descended to $1.966 as a result of the rising selling pressure. If we discuss the four-hour price analysis, then it suggests a bearish prediction as well. That is because the bears have been ruling the market since the early hours of the day.
Is SNX a good investment?
The Synthetix rebranding in 2018 rejuvenated the ecosystem, which has grown continually with multiple listed synths. Despite concerns over the stability of its stablecoins, SNX, the native token is set to mark new records, as we shall explore in BitcoinLinux’s SNX price predictions from 2024 to 2030. It is expected that SNX will reach $44 by 2030.
Recent news/ updates
- Synthetix layer V3 is live on the base network, but only the Kwenta and Toros networks have integrated the V3 layer. Vyberdex, Infinix, Ethena, and some other networks are also going live and will bring their communities on board.
- Synthetix distributed its Epoch 2 rewards for Synthetix Preps traders on the Base network. Synthetic Preps traders have been given fee rebates. Epoch 3 is also underway, and traders can receive up to 90% rabate on their trading fees.
SNX price prediction June 2024
SNX will break out higher after consolidating. A break above the 78.60% Fibonacci will result in a mini bull run with the next target at $3.03. It will average at $2.70 and trade at a minimum price of $2.0.
| Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
| SNX price prediction June 2024 | $2.30 | $2.70 | $3.03 |
SNX price prediction 2024
The price of SNX is predicted to reach a minimum value of $3.73 by Q4 of 2024. Traders can anticipate a maximum value of $4.38 and an average trading price of $3.88.
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2024 | $3.73 | $3.88 | $4.38 |
SNX price prediction 2025 – 2030
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | 5.23 | 5.42 | 6.57 |
| 2026 | 7.76 | 8.03 | 9.22 |
| 2027 | 11.46 | 11.78 | 13.42 |
| 2028 | 17.21 | 17.80 | 19.93 |
| 2029 | 24.97 | 25.86 | 30.08 |
| 2030 | 38.41 | 39.44 | 44.36 |
Synthetix price prediction 2025
The Synthetix price forecast for 2025 is a high of $6.57. The minimum price for the year will be $5.23, and the average will be $5.42.
Synthetix price prediction 2026
The year 2026 will experience more bullish momentum. According to the Synthetix price prediction, it will range between $7.76 and $9.22, with an average trading price of $8.03.
SNX price prediction 2027
The SNX price prediction climbs even higher into 2027. According to the projections, the price of SNX will range between $11.46 and $13.42, with an average of $11.78.
SNX price prediction 2028
According to our SNX price prediction for 2028, we expect a maximum price of $19.93, a minimum price of $17.21, and an average price of $17.80.
SNX price prediction 2029
According to the SNX price prediction 2029, SNX will reach a maximum and minimum price of $30.08 and $24.97, respectively, with a year-round average of $25.86.
SNX price prediction 2030
The Synthetix SNX price prediction for 2030 indicates a price range of $38.41 and $44.36 and an average price of $39.44. This prediction also hinges on the global recognition and adoption of blockchain technology.
Synthetix market price prediction: Analysts SNX price forecast
| Firm | 2024 | 2025 |
| Changelly | $4.08 | $5.95 |
| DigitalCoinPrice | $5.44 | $6.44 |
| CryptoPredictions | $4.37 | $4.86 |
BitcoinLinux’s Synthetix (SNX) price prediction
Our analysis shows that SNX has been highly volatile since its historical listing price. It remains range-bound at current levels, with predictions indicating it will break out higher. SNX will achieve a high of $4.38 in the second half of 2024. In 2025, it will range between $5.23 and $6.57, with an average of $5.42. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.
Synthetix historic price sentiment
- Kain Warwick launched Synthetix in September 2017 under Havven (HAV).
- The HAV Airdrop Campaign ran between 4 and 14 February 2018 and offered two million tokens for around $1 million.
- On November 30, 2018, Synthetic announced its rebranding from Havven. This included renaming its native token, HAV (Havven token), to SNX. The contract address did not change.
- It registered its lowest price at $0.03258 on January 5, 2019.
- Different from most mega-altcoins, SNX did not rally after launch; it consistently traded below $0.5 until the last quarter of 2019.
- In 2020, it made a mega rally to $7.3. In the 2021 bull cycle, it shot higher, and on February 14, it registered its all-time high at $28.77.
- It reversed to $5 in July before pumping again to $15 in September.
- In the 2022 crypto winter, SNX shed most of its value as it retreated to the $2 mark by the end of the year.
- In 2023, it consistently traded between $1.5 and $3 until the last quarter, when it had its break.
- In March 2024, SNX reached a high of $5; in June, SNX is trading within the $2.18 – $2.44 range.
