Synthetix (SNX) Price Prediction 2025 And 2030

What will Synthetix price be worth in the long term?

Last Updated April 26th 2023

12 Min Read

Synthetix is an Ethereum-based protocol that facilitates the creation of cryptocurrency derivatives - effectively connecting cryptocurrency to the wider world of commerce and finance by allowing holders to gain exposure to everything from gold to stocks without ever needing to take ownership of the underlying asset.

Even the most casual observer of the cryptocurrency market will know that DeFi has been arguably the biggest trend the industry has ever seen. Gone are the days when cryptocurrency tokens were simply seen as a means of value exchange. The industry has since evolved into a complex digital finance ecosystem that is continually finding new ways to replicate and improve traditional financial systems.

We have seen the rise of lending and borrowing platforms, cryptocurrency exchanges and even crypto insurance. Now it seems that cryptocurrency derivatives could be the next big thing and projects like Synthetix are at the forefront of this exciting new development.

But is there truly a demand for cryptocurrency derivatives and, if so, how well placed is Synthetix to help grow the market? In the following Synthetic price prediction for 2025 and 2030, we’ll be taking a closer look at the idea of cryptocurrency derivatives as well as considering how Synthetix measures up as an investment opportunity over the coming years.

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What Exactly Are Derivatives?

The idea of a derivative is nothing new and is certainly not exclusive to cryptocurrency. In fact, many of the most popular assets for retail trading are in fact some form of derivative. So what exactly are they?

Put simply, a derivative is a contract that is tied to a real-world asset or financial instrument and its value is based on the value of said asset or financial instrument. Effectively, they are contracts between two parties looking to speculate on the price movement of the underlying asset - normally, a buyer and seller.

It’s important to be aware that a derivative is exactly that - it is derived from something. This means that when you buy and sell a derivative, you do not take ownership of the asset itself. What you are doing is entering into the contract outlined above.

A key advantage of derivatives is that they allow traders to speculate on the price movement of an asset in either direction - going long if they predict its value will increase and going short if they believe it will fall.

Introducing Synths

We’ve taken a brief look at the concept of a derivative. In the cryptocurrency world, these are more often than not referred to as synthetic assets, or synths. These act in a very similar way to derivatives in the world of legacy finance, but instead of a contract creating a link to the underlying asset, a cryptocurrency token is created to represent this relationship.

This is an intriguing development, to say the least, as effectively a synth can be minted linked to just about any conceivable asset class or financial instrument, meaning holders can gain exposure to virtually any global marketplace and all from within the cryptosphere.

Synthetix - An Overview

The Synthetix project actually started life as Havven and was initially set up to produce the stablecoin nUSD which launched in June of 2018. However, just a few months later, the project was rebranded as Synthetix, now with an offering of around 20 synthetic assets.

An Ethereum-based project, Synthetix is a platform for minting ERC-20 tokens that track the price of another asset - effectively the derivative component as outlined above. Known as synths, these tokens can be created to represent just about any asset, so long as price data is available.

In addition to allowing users to create these Synths, the Synthetix platform also offers its own proprietary decentralised exchange - Kwenta - where these tokens can be bought, sold and exchanged just as derivatives are with online brokers and exchanges. Then there’s the Lyra platform, which is set up for the buying and selling of options - which are a form of derivative.

How Does Synthetix Work?

In order for a Synth to track a real-world asset, it needs a way of collecting the relevant data. This is done through decentralised oracles, which effectively offer a bridge between the blockchain and the real world, allowing information from the outside world to be delivered into smart contracts. It is through oracles that the price data or real-world assets are tracked. In the case of Synthetix, the oracles in question are delivered via Chainlink.

Once again, an important difference between Synths and other tokens pegged to real world assets - such as stablecoins - is that Synths are not backed by reserves. Instead highly complex mechanisms and smart contracts are what deliver their value.

The inner workings of the platform are obviously highly complicated, but its enough to understand that Synthetix uses two separate tokens as part of its protocol: SNX and synths, or sTokens. The mechanism between these tokens is not too dissimilar to that of stable coins and smart contracts are used to manage fees, inflation, collateral, and staking in order for Synthetix to provide its services.

The Synths minted on Synthetix are ERC-20 tokens, meaning that you can use them in conjunction with numerous other DeFi projects, such as 1Inch and Curve to provide liquidity - thus earning interest.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Synthetix Network Token

The Synthetix Network Token - SNX - forms an integral part of the Synthetix protocol. SNX is locked up to create sTokens, such as sUSD. As noted above, this mechanism is very similar to stablecoin protocols, such as MakerDao, with the main difference being that SNX can act as collateral to create Synths pegged to just about any kind of asset, as detailed above.

The Synthetix collateralisation ratio stands at 600%. This means that, if you want to create, say $100 worth of sUSD, you need to stake SNX tokens worth six times that value. This is how the platform keeps synths stable in the event of market turmoil.

SNX is also the governance token of the platform, which means that holders of the token can have a say in how the project is managed and vote on important developments, such as network upgrades or changes to the pricing structure.

The Kwenta exchange

Another important part of the Synthetix platform is Kwenta, which is the exchange that allows users to exchange synths. Kwenta is a peer-to-peer protocol that removes the need for an intermediary, with Chainlink oracle data informing the price feeds and generating exchange rates.

Users can buy and sell synths representing other cryptocurrencies, such as Ethereum (sETH) and Bitcoin (sBTC); company shares, including Tesla (sTSLA), Apple (sAAPL) and Netflix (sNFX); and even DeFi-based funds. Kwenta levies a variable fee between 0.3% and 1%, a proportion of which is rewarded to those staking SNX on the protocol.

Looking At Synthetix’s Price History

Synthetix was listed on major exchanges from March 2018. Perhaps understandably, there was little appetite for the project in the early stages, as this was a time when DeFi was very much in its infancy. SNX traded at around $0.35 for the first few days, before trending down below $0.15 for much of the remainder of 2018.

Things weren’t any more exciting for SNX in the first half of 2019 either. Whilst the token did experience periods of growth, the highest average trading price it achieved was about $0.30. In the latter half of the year, things did pick up a little and Synthetic saw its first notable price surge in November, reaching a price of $1.52 - growth of over 4200% on its price at the start of the year.

SNX held on to some of that value throughout 2020 and consistently traded above the $1-mark before a downturn over the second quarter saw its price down at anywhere between $0.50 and $0.70. However, in June, the token was impressively bullish. It hit $2 in early July and by 1 September it had soared to an average of $7.43.

An interesting aspect of Synthetix’s price history is that it preempted the wider cryptocurrency market upswing that kicked off in early 2021. Whereas most tokens started their price runs in early Jan, SNX actually started to trend upwards in December 2020, soaring from $4.39 to $7.22 in just a few days.

The token sustained its bull across the first few weeks of 2021 and reached its all-time high of $28.53 on February 14. There then followed several weeks of substantial volatility, with SNX bouncing down to $13.27 then back up to $26.16 before a summer downturn sent it tumbling to around $6.60 in June.

SNX managed to recover to $15.03 in September of 2021, but since then a market wide downturn has hit most major tokens - and SNX has been no exception.

Synthetix (SNX) Price Predictions: 2025 - 2030

According to our Synthetix (SNX) price predictions for the long term, the SNX crypto is estimated to have a strong growth in value. Synthetix can prove to be a very good investment in next five to ten years.

SNX Price Prediction 2025 to 2030:

Year	High Price	Low Price
2025	$35	$8
2026	$42	$11
2027	$53	$17
2028	$61	$21
2029	$75	$30
2030	$84	$38

2025: Maximum expected price of SNX by 2025 is $35.

2030: Maximum expected price of SNX by 2030 is $84.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Synthetix (SNX) Price Predictions For 2025

Any Synthetix price prediction is subject to a number of factors. Inevitably, given the volatility of the cryptocurrency market, any forecasting is little more than speculation and can only ever serve to give us an idea of what an asset’s potential for growth might be.

Given how massive derivatives trading has become over the last decade or so, the potential of a cryptocurrency-based alternative should be fairly obvious. A platform like Synthetix can finally bring all the advantages of blockchain - decentralisation, security etc - to a much wider array of real-world financial assets. So does this mean we are likely to see a substantial increase in the value of SNX over the coming years?

DigitalCoinPrice is one platform that certainly believes so. It has Synthetix making steady gains across the rest of 2022, reaching an average trading price of $7.68 by the end of the year, which would equate to growth of around 35% on today’s price. The token is also expected to perform well in 2023 and by the summer of 2024 it is predicted to have more than doubled in value to $12.35. By the time 2025 arrives, DigitalCoinPrice believes SNX could be worth $17.04.

Elsewhere, TradingBeasts sees a slightly different future for Synthetix. According to its technical analysis, the SNX token will remain in decline for much of 2022 and will finish the year down by around 20%. However, 2023 will bring a strong recovery and by December of that year SNX is predicted to have reached a potential high of $9.76. Over the next 12 months, that figure is predicted to reach $12.88 and by 2025, Synthetix SNX is predicted to have reached a potential high of $13.10.

The Economy Forecast Agency has also made a Synthetix price prediction for 2025. It’s data suggests that SNX will actually struggle across both 2022 and the first half of 2023, after which it will start on an upwards trajectory that will take it to $19.27 by January 2024. The SNX token will then continue to build on this success and by the time December 2025 arrives, it could be worth as much as $32.46.

How Much Will Synthetix (SNX) Be Worth In Five Years?

As per Synthetix price prediction and forecast, the future price of Synthetix SNX will be up to $45 per token in 5 years! According to experts, Synthetix platform is an excellent crypto asset with great potential.

Synthetix (SNX) Price Predictions For 2030

According to Synthetix price prediction 2030 and long-term technical analysis, the price of SNX will be worth as much as $80 per token by the end of 2030.

Given that synths are still very much an emerging concept and it could be argued that they are yet to catch on, it’s difficult to see how any Synthetix price predictions for 2030 can really stand a chance of being accurate. That being said, they are worth taking a look at just to get an idea of current sentiment towards the project, if nothing else.

DigitalCoinPrice has suggested that SNX will see some fairly impressive price movement beyond 2025, potentially being up by as much as 240% in the opening months of 2026, with a trading price of $19.25. Despite some pretty substantial volatility, the platform expects Synthetix to build on its success and by the opening months of 2029 the token could have reached as high as $24.49.

Meanwhile, Coin Price Forecast is also predicting pretty impressive growth for Synthetix. It has the SNX token reaching $15.51 by the end of 2027. After riding some chaotic two-way price movement across 2028 and 2029, SNX is predicted to have reached $38.42 by year end 2030.

The last Synthetix price prediction for 2030 that we looked at was from Priceprediction.net. Suffice to say, its forecast is considerably more optimistic than those considered so far. It has predicted that SNX’s value could have surged to an average trading price of $33.51 by 2028 and that figure is expected to have more than doubled by 2030, with SNX predicted to hit $73.54.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: Should You Invest In Synthetix (SNX)?

Most Synthetix price predictions suggest that the SNX altcoin will expect to see an uptrend growth over the coming years. Experts and analysts vary wildly on their forecasts - but if even the most conservative predictions pan out, anyone who chooses to invest in Synthetix could see decent returns.

Cryptocurrency derivatives are something that could really take off in the coming years, as DeFi continues to evolve. If this proves to be the case, then it’s certainly fair to say that Synthetix has the technical credentials to be one of the leading projects in the space.

Of course, most investors will know that trading derivatives is a hugely risky form of investing - and that is just as true of synths. By buying the SNX token, investors can gain exposure to what could be a very valuable market without having to engage in derivatives trading themselves - and this alone makes Synthetix a worthy consideration for any forward-thinking portfolio.

Judging by the Synthetix price predictions for 2025 and 2030, the project’s native token could perform well in the coming years and those choosing to invest now could see their investment double in value before the end of this year. Another advantage is that the SNX token trades at a comparatively low cost, which is often seen as an advantage by investors.

Of course, investors should not take SNX price predictions as gospel and it’s possible that trading synths will not achieve the same level of popularity that derivatives have in the world of traditional finance.

Ultimately, we feel that Synthetix should be on the radar for most investors and as the market has seen a protracted downturn, now could be a good time to consider adding SNX to your portfolio.

Where To Buy Synthetix Cryptocureny

Buying SNX is the quickest and easiest way to invest in the Synthetix project. If you’re looking to add it to your portfolio, then you’ll need to find yourself a suitable broker. Fortunately, one of the most trusted names in the space - eToro - is currently listing SNX.

All you need to do to open an account is provide a few details and verify your identity, then you’ll have access to eToro’s trading platform as well as its considerable information resources.

In addition to SNX, you’ll also find numerous other tokens listed for exchange, including Bitcoin, 1Inch, Curve and Ren.

eToro — Top Cryptocurrency Platform To Buy Synthetix

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

What is Synthetix?

Synthetix is a decentralised Ethereum-based project that allows the creation of synths - tokens that effectively represent another cryptocurrency, real world asset or financial instrument. Synths can represent anything from gold to the NASDAQ index. Synthetic also offers its own DEX for the exchange of synths.

What is a derivative cryptocurrency?

Derivatives exist in just about every market in the world. They offer a way of speculating on the price movement of an asset, without ever having to take ownership of that asset. In the cryptocurrency world, this kind of derivative is known as a synthetic token. By using smart contracts, collateral and oracle data, synths can be pegged to just about any asset, from gold, Amazon shares and global indices to other cryptocurrencies.

How much will Synthetix (SNX) be worth in 2025?

In terms of price, Synthetix has an outstanding potential to reach new heights. It is forecast that SNX will increase in value. According to specific experts and business analysts, Synthetix can hit the highest price of $35 till 2025.

Can I buy the Synthetix token?

The native token of the Synthetix project is SNX. Just like most other cryptocurrencies, SNX can be bought and sold on the open market. If you’re looking to add it to your portfolio, you’ll find it listed on one of the world's most popular retail brokers - eToro.