Synthetix (SNX) is a protocol based on the Ethereum blockchain that issues “synthetic assets.” Synthetic assets are financial tools in the form of ERC-20 smart contracts. These smart contracts track and provide the returns of other assets without anyone requiring them to hold that particular asset. The benefit of this is that users can take advantage of non-blockchain-based asset exposure on the crypto ecosystem, eventually creating a more diverse and mature financial market. SNX is the protocol’s native token that’s used to provide collateral against all synthetic assets issued.
The SNX price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines the SNX price rates from Binance, Kraken, Huobi, OKEx, and others.
The SNX to USD price is constantly changing. Hence, it’s essential to always make sure your portfolio is protected. Thankfully, YouHodler provides you with a full suite of tools to buy, sell, multiply or HODL your crypto. That way, your funds have an opportunity to grow no matter what the SNX to USD price is.
Whether you’re a passive HODLer or active trader, it’s always a good idea to follow the Synthetix price. YouHodler makes it easy with price charts for every coin. To see the SNX price chart, just scroll up to the top of this page so you never miss a market movement.
To monitor SNX prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest SNX price anytime, anywhere. Forever.
We all wish we knew the Synthetix (SNX) price prediction. However, the future is impossible to know for sure. That being said, there are some methods to help you analyze the best so you can make some educated SNX price predictions. YouHodler provides news, technical analysis, and Synthetix price updates frequently. Hopefully, that arms you with some knowledge to help your portfolio. As always though, do your own research as well!
What does Synthetix (SNX) value mean to you? Is it purely monetary or does it have a deeper, philosophical purpose? The beauty of cryptocurrency is that it’s up to you to decide. Our job at YouHodler is merely to provide you with the right tools to make the most out of your SNX value.
The SNX price constantly changes, however, our interest rates are stable as ever. Since 2021, our SNX savings account has featured 6% APR + compounding interest. That’s stability the YouHodler way.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of a SNX price drop or simply use the growing value of your SNX price as collateral for instant cash. HODL SNX and see the profits.
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