Synthetix Price Prediction

Will Synthetix go up or crash? Read our Synthetix price predictions for 2023-2030

Last Updated January 30th 2023
10 Min Read

Are you looking for the top Synthetix price predictions for 2023-2030? Or have you been struggling to answer the question ‘is Synthetix a good investment?’ You’re in the right place.

In this article, we’ll explore what experts have to say about Synthetix’s future performance. Discover the top SNX price predictions for 2023 and beyond and how much Synthetix could be worth in 2023-2030.

SNX Overview

Cryptocurrency Synthetix
Ticker Symbol SNX
Rank 75
Price $2.29
Price Change 24h -6.80%
Price Change 7d -9.97%
Market cap $570,887,462.03
Circulating Supply 249,696,510.906
Trading Volume $35,626,845.60

 

According to recent long-term forecasts, the price of Synthetix (SNX) will reach $3 by the end of 2023 and $4.66 by the end of 2025. Synthetix will be worth $9.50 in 2028, and $17.50 in 2030.

So, what’s next for the price of SNX in 2023? Will we see a new a ATH or will Synthetix struggle to increase? Could Synthetix do better in the long term? In this article, we’ll check out the top price predictions of SNX to see for ourselves if Synthetix is a good investment.

If you want to buy Synthetix quickly and easily, check out the eToro!

 

What Is Synthetix And How Does It Work?

Synthetix (SNX), sometimes referred to as ‘Synthetix Network Token’, is the cryptocurrency of the Synthetix Exchange, a DEX (decentralised exchange) where traders can trade ‘synths’ — synthetic versions of assets, similar to CFDs. Synths can be a wide range of assets, including gold and commodities (not just crypto) and track the price of the asset in the real world via oracles.

The idea is that this could be highly appealing to traders who are interested in trading crypto, but not looking to hold the underlying asset. This also gives Synthetix a competitive advantage over other DEXes, such as Uniswap (UNI) and Curve (CRV).

SNX can also be staked to secure the protocol. Stakers are rewarded in transaction fees. Synths and the Synthetix Exchange work on the Ethereum (ETH) network and the SNX token is compatible with Ethereum’s ERC-20 token standard.

At the time of writing, Synthetix has a total supply of 311,981,917 SNX, of which 249,718,544 is in circulation (81%).

buy synthetix

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

Technical Analysis Of Synthetix’s (SNX) Price Movements

Synthetix was first available to investors during its ICO (initial coin offering) which was held between the 26th and 28th of February 2018. Back then, 1 SNX sold for $0.67, according to ICO Drops. A short while later, on the 15th of March 2018, CoinMarketCap first listed Synthetix trading at $0.43. We can see in CoinMarketCap’s graph below how Synthetix has performed since then.

For those that don’t remember, 2018 turned out to be a pretty dismal year for the crypto market with many coins haemorrhaging value after hitting incredible highs in 2017 and SNX followed suit. After hitting a high of $0.7681 on the 20th of May 2018, SNX entered a bearish trend that took it down to $0.03819 by the end of the year.

2019 started even more disappointingly. After hitting its all-time low of $0.03258 on the 5th of January, Synthetix lagged around the $0.05 level till around April, at which point things began to improve and SNX bullishly trended upwards. Despite the ongoing bear market, SNX even managed to hit a new ATH of $1.49 on the 24th of November 2019 — its first time venturing above $1. SNX ended 2019 at $1.22.

In 2020, SNX managed to remain above $1, even hitting $1.18 in early February. Following that, the coronavirus pandemic took SNX down to a low of $0.43 on the 12th of March. Synthetix would not see $1 again until June when it began to see new highs up to $1.90. Following this new bullish momentum, SNX hit a high of $7.372 on the 31st of August and then a further high of $8.0374 on the 27th of December 2020.

Saving the best till last, 2021 was an incredible year for Synthetix. Continuing its bullish trajectory from the end of 2020, SNX rampaged up to its ATH of $28.77 on the 14th of February (massive growth after starting the year at $8.35).

Unfortunately, Synthetix was unable to maintain this high and after a great deal of volatility, it eventually declined to a yearly low of $5.83 on the 25th of June. And unlike some of the top coins like Bitcoin (BTC), Synthetix was unable to hit higher highs in November. Instead, it only managed to reach $14.93 before declining to $5.97 at the beginning of 2022. 

In 2022 SNX managed to climb above $7 for a brief moment in April, but after that, in the second half of 2022, the coin dropped in value and it was trading between $1.6 and $4.3. SNX closed the year at $1.45.

Synthetix Price Chart

SNX price chart

Synthetix SNX/USD price chart. Source: Coinmarketcap

What Factors Affect The Price Of Synthetix?

While price predictions can offer investors helpful guidance as to how well a crypto could perform in the future, it is always more important to know what factors affect its price.

By understanding the factors that impact the price of Synthetix, you can reduce your exposure to risk and take profits at the best possible moments.

1. Supply And Demand

Unsurprisingly, supply and demand play an key role in the value of Synthetix. When demand is higher than the supply, the price of Synthetix will increase. When the supply is higher than the demand, the price of Synthetix will decrease. There are a variety of sub-factors that can influence demand.

2. The Popularity Of DeFi And Dexes

DeFi (decentralised finance) has grown massively over the last few years. The graph below shows just how much the DeFi sector has grown.

total value locked in Defi chart

The DeFi sector also brought DEXes with it. A DEX is a decentralised exchange and they have grown in popularity because they are seen as cheaper than traditional centralised exchanges. If interest in DEXes continues to grow, we could see greater demand for SNX.

However, traders also need to be cautious. We could see tighter regulations around DeFi and DEXes in the next few years.

buy synthetix

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

Expert’s Take On Synthetix (SNX) Price Predictions

Most of the Synthetix price predictions are quite positive about the future of the coin. Price forecasters do not expect the price of SNX to decline.

According to the current market situation, the price could be a maximum of $6.34 by 2025, and minimum price down to $5.26. That being said, the average SNX price could anchor at $6.01.

DigitalCoinPrice

The price of Synthetix is predicted to reach at a minimum level of $3.73 in 2025. The Synthetix price can reach a maximum level of $4.60 with the average price of $3.84 throughout 2025.

ICOcreed

According to the latest long-term forecast, Synthetix price will hit $2 by the middle of 2023 and then $3 by the middle of 2024. Synthetix will rise to $5 within the year of 2026.

Coin Price Forecast

The price of Synthetix is predicted to reach at a minimum value of $5.34 in 2025. The Synthetix price could reach a maximum value of $6.45 with the average trading price of $5.53 throughout 2025.

Price Prediction

The system forecasts a +29% move from $1.79 to $2.31 over the next month, Synthetix Network Token has a price prediction of $3.99 in over a years time.

Coinskid

buy synthetix

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

Synthetix (SNX) Price Predictions

What to expect from Synthetix price in 2023 and beyond? Generally speaking, the picture is positive.

Synthetix (SNX) price predictions 2023

Synthetix price predictions for 2023 anticipate SNX to climb up to $3. The average price will be around $2.35 and the minimum price of SNX is predicted to be $1.7.

Synthetix (SNX) price predictions 2024

As per our data, by the end of 2024, Synthetix will be able to reach an average price of $3.83. The predicted high for 2024 will be $4.26, and on the downside, the low will be $3.41.

Synthetix (SNX) price predictions 2025

As per Synthetix price predictions for 2025, SNX will reach an average of $4.11 by the end of 2025. The predicted high for 2025 will be around $4.66, and the low will be around $3.56.

Synthetix (SNX) price predictions 2026

Synthetix is expected to trade with bullish momentum and surpass $6 by the end of 2026. As per Synthetix price predictions for 2026, the average price of SNX will be $5.2 by the end of the year. The predicted minimum for 2026 will be $4.43.

Synthetix (SNX) price predictions 2027

As per our 2027 Synthetix price prediction, SNX will be able to reach $8.20 on the upside, while on the downside, it will fall to $6.08. The average Synthetix price prediction for the end of 2027 is $7.14.

Synthetix (SNX) price predictions 2028

According to our prediction, in 2028 Synthetix will be able to reach an average price of $8.3. The predicted high for 2024 will be $9.5, and on the downside, the low will be $7.1.

Synthetix (SNX) price predictions 2029

Synthetix is expected to reach $15 by the end of 2029. As per Synthetix price predictions for 2026, the average price of SNX will be $12.7 by the end of the year. The predicted minimum for 2026 will be $10.43.

Synthetix (SNX) price predictions 2030

The top price predictions for Synthetix in 2030 foresee SNX dominating above $15 for most of the year. If the token does well, experts predict a maximum of $17.50 could be possible. The lowest Synthetix price prediction for 2030 is $14.36.

As a long-term investment, the price of Synthetix (SNX) will be valued at $3 by the end of 2023. Synthetix (SNX) will rise to $4.66 in 2025 and $17.50 in 2030.

buy synthetix

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

Potential Highs And Lows Of Synthetix (SNX)

The below prediction figures outline some of the potential highs and lows of Synthetix price prediction forecasts for 2023, 2024, 2025, 2027, and 2030 offered by technical analysts and industry experts.

Year High Low
2023 $3 $1.7
2024 $4.26 $3.41
2025 $4.66 $3.56
2028 $9.5 $7.1
2030 $17.5 $14.36

 

Would you consider buying Synthetix?

buy synthetix

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

How To Buy Synthetix With eToro?

Buying Synthetix with eToro is super-duper easy. All you need to do is follow these simple steps.

Step 1. Hop over to eToro, click ‘Join Now’, and fill out the registration. You will need to upload proof of ID and address — this is to prevent fraud and to comply with anti-money laundering laws.

Step 2. Make your first-time deposit which will likely be either $50 or $200 based on your location. Note that in several countries, the first-time deposit will be significantly higher, so please check before you sign up!

Step 3. Once your account has been activated, on eToro’s platform go to ‘Trade Markets’ → ‘Crypto’ → ‘SNX Synthetix’ and choose your terms.

And there you go! You now hold SNX!

eToro — The Top Cryptocurrency Platform To Buy Synthetix

eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

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

Key Points

If you remember anything from Synthetix Price Predictions: How Much Will SNX Be Worth In 2023 And Beyond? Make it these key points.

  • Synthetix (SNX) is the token of the Synthetix Exchange, a DEX that enables traders to trade synthetic versions of assets using SNX as collateral.
  • On the 14th of February 2021, Synthetix reached its all-time high of $28.77.
  • In 2023, the price of Synthetix could reach a maximum price of $3.
  • By 2025, SNX is expected to reach an incredible high of $4.66.
  • By the end of 2030, SNX could reach an amazing $17.50.
  • Factors that influence the price of Synthetix include supply and demand, and the popularity of DeFi and DEXes.

Still have questions about Synthetix price predictions? Perhaps these frequently asked questions will help.

FAQs

Should I Stake SNX?

If you plan to invest in Synthetix, staking your SNX could be an excellent way to passively earn more tokens which could increase your profits in the long term. SNX can be staked via the Synthetix platform.    

Does SNX Have A Future?

Yes, SNX does have a future. In 2021, interest in DEXes grew immensely and it is widely expected that that trend will continue in the future. Furthermore, Synthetix has a unique advantage in that it can appeal to traders who do not want to own the underlying asset. On top of that, many price forecasters — even some conservative forecasters — expect the price of SNX to increase in the future.    

What Will Happen To The Price Of Synthetix (SNX) In 2023?

In 2023, the price of Synthetix (/SNX) will likely not reach the same highs as it did in 2021, and it will probably be valued between $1.7 and $3 for much of the year. 

Will The Price Of Synthetix (SNX) Go Up In 2023?

The price of Synthetix (SNX) could go up to a high of $3.91 in 2023 according to DigitalCoin.

What Does SNX Crypto Do?

The SNX crypto is used as collateral when traders create ‘synths’ (synthetic tradable assets) on the Synthetix Exchange.    

Can SNX Reach $100?

None of the forecasts see SNX reaching $100 in the next 10 years.    

What Will Happen To The Price Of Synthetix (SNX) In 2025?

In 2025, the price of Synthetix will increase according to the top price forecasters. Most likely, SNX will gradually reach a price between $3.56 and $4.66 in 2025.

Will The Price Of Synthetix (SNX) Go Up In 2025?

Yes, in 2025, the price of Synthetix could increase up to $6.45 at the very highest, according to Price Prediction. 

What Will SNX Be Worth In 2030?

In 2030, SNX could be worth above $17. According to Price Prediction, which has the most bullish forecast, SNX will be worth between $38.76 and $44.14 in 2030. 

Exclusive: Get The Latest Crypto Price Predictions Direct To Your Inbox Now!

What you’ll get: Weekly updates on the latest and trending Cryptocurrencies along with exclusive insights and information on the hottest Crypto Trends.