Synthetix Price Prediction

Will Synthetix go up or crash? Read our Synthetix price predictions for 2022-2030

Last Updated October 2nd 2022
23 Min Read

Are you looking for the top Synthetix price predictions for 2022-2030? 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 2022 and beyond and how much Synthetix could be worth in 2022-2030.

SNX Overview

Cryptocurrency Synthetix
Ticker Symbol SNX
Rank 68
Price $2.27
Price Change 24h -2.07%
Price Change 7d -4.24%
Market cap $542,343,431.78
Circulating Supply 238,500,594.392
Trading Volume $35,418,317.33

Though Synthetix (SNX) has been traded since 2019, it remained relatively unknown to many until 2021 when it reached its all-time high (ATH) of $28.77. Will Synthetix be able to reclimb that high? What could happen to the price of SNX in the next 10 years?

According to recent long-term forecasts, the price of Synthetix (SNX) will reach $16.70 by the end of 2022, $12.64 by the end of 2023 and $73.66 by the end of 2025. Synthetix will be worth $26.79 in 2027, and $207.50 in 2030.

After a momentous 2021, what’s next for the price of SNX in 2022? 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.

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Contents

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 215,258,834 SNX, of which 114,841,533.01 is in circulation (54%).

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Short-term Synthetix (SNX) Price Predictions

Synthetix Price Predictions For 2022:

What are crypto experts forecasting for the price of Synthetix in 2022? Generally speaking, the picture is mixed.

For our first 2022 Synthetix price prediction, we’ll analyse Trading Beasts’ forecast. Typically known as one of the more cautious forecasters, they seem to suggest that SNX won’t change much in 2022.

SNX price prediction for 2022:

Month Minimum Price Maximum Price Average Price Change
May 2022 $3.86061 $5.67736 $4.54189 8.92%
June 2022 $3.78380 $5.56441 $4.45153 6.75%
July 2022 $3.68963 $5.42592 $4.34074 4.09%
August 2022 $3.56699 $5.24558 $4.19646 0.63%
September 2022 $3.41146 $5.01685 $4.01348 -3.75%
October 2022 $3.21913 $4.73401 $3.78721 -9.18%
November 2022 $2.95920 $4.35177 $3.48142 -16.51%
December 2022 $4.06043 $5.97123 $4.77698 14.56%

 

Trading Beasts fully expects Synthetix to trade between a low of $2.95 and a high of $5.97 for the entirety of 2022. They do not believe that SNX will reach $10 or get anywhere near its ATH of $28.77.

This forecast suggests that Synthetix will have a pretty boring 2022 and will follow a similar trajectory to before the 2021 bull run. That said, its prices are still much higher than before 2021 and Trading Beasts also doubts that SNX will decline in 2022. Looking at the average price column, SNX will likely range between $3.48 and $4.77 for much of 2022.

Trading Beasts also summarises their forecast by saying: “according to our forecasts, the Synthetix Network Token price is going to increase. Now the Synthetix Network Token price is $4.17000, but by the end of 2022, the average Synthetix Network Token price is expected to be $4.77698”.

Our next short-term Synthetix price prediction for 2022 comes from DigitalCoin. They are also quite cautious with their SNX forecast, though they seem to believe that Synthetix will trade at higher prices than Trading Beasts suggested, as we can see from their graph below.

SNX price prediction chart

DigitalCoin expects Synthetix to hit yearly highs in April and August and potentially a yearly low in July. By the end of 2022, DigitalCoin also seems to suggest that SNX could trade at a higher price than today.

Here’s DigitalCoin’s SNX price prediction for 2022:

  • February: $5.75
  • March: $5.57
  • April: $6.22
  • May: $5.76
  • June: $5.75
  • July: $5.29
  • August: $6.22
  • September: $5.66
  • October: $6.18
  • November: $5.98
  • December: $5.67

DigitalCoin expects Synthetix (SNX) to increase to $5.75 in February and from that point onwards, doubts it will see prices below $5. SNX will then rally to $6.22 in April, decline to $5.29 in July and then hit $6.22 again in August. Synthetix will then close 2022 at $5.67 — $0.30 off Trading Beasts’ maximum prediction of $5.97 for December 2022.

To top off DigitalCoin’s 2022 forecast, they also said that “Yes, Synthetix (SNX) price will increase according to our predicted data in future” and “No, Synthetix (SNX) price will not be downward based on our estimated prediction”.

Our final 2022 price prediction for Synthetix Network Token is from Coinskid. Again, like Trading Beasts and DigitalCoin, Coinskid is not expecting crazy highs in 2022, also doubting that SNX will reach a new ATH or even hit $10. That said, Coinskid’s Synthetix price prediction is the most bullish of the bunch.

Here’s what Coinskid has forecast for Synthetix in 2022:

Month Open Price Minimum Price Maximum Price Average Price Monthly Change
May 2022 $4.09 $3.84 $4.58 $4.21 -5%
June 2022 $4.41 $3.62 $5.03 $4.32 8%
July 2022 $4.59 $3.72 $5.05 $4.38 4%
August 2022 $4.86 $4.14 $5.69 $4.91 6%
September 2022 $5.50 $5.11 $6.43 $5.77 13%
October 2022 $6.27 $5.64 $7.02 $6.33 14%
November 2022 $6.96 $6.40 $7.79 $7.10 11%
December 2022 $7.23 $6.87 $7.60 $7.23 4%

 

Coinskid is the only forecaster that expects Synthetix to reach a price above $7, potentially hitting $7.60 by December and a yearly high of $7.79 in November. While this is great news, if we turn our attention to the Average column, Coinskid seems to mostly agree with Trading Beasts and DigitalCoin, suggesting that SNX will trade around $4 for most of 2022.

On the lower end, Coinskid also agrees that Synthetix will not crash in 2022 either, predicting that the lowest price it could reach is $3.34 in March, which is also excellent news.

What Will Happen To The Price Of Synthetix (SNX) In 2022?

In 2022, the price of Synthetix (/SNX) will likely not reach the same highs as it did in 2021, and it will probably be valued between $3 and $6 for much of the year. If SNX does well, it could hit a high of around $7 by the end of 2022, but it is not expected to hit $10 or reach a new ATH. No one expects the price of Synthetix to decline in 2022.

Will The Price Of Synthetix (SNX) Go Up In 2022?

The price of Synthetix (SNX) could go up to a high of $7.79 by November 2022 according to Coinskid. Elsewhere, Trading Beasts expects a more gradual increase to $5.97123 by December 2022 and DigitalCoin has forecast that SNX could hit a high of $6.22 in April and August 2022.

Additional price predictions for Synthetix in 2022 include:

  • WalletInvestor: $10.501
  • The Economy Forecast Agency: $7.42
  • Cryptocurrency Price Prediction: $16.70
  • Coin Price Forecast: $6.99
  • Price Prediction: $4.13

Elena R of CoinPedia calculates: “The SNX token might sink to $6.5 if it fails to satisfy the users and investors. By the end of 2022, the digital currency might be traded at $11.45”.

Khalid Shafqat of Ripple Coin News opines: “SNX might begin around $20 to $25 in the year 2022. The currency will also grow when the community is focused on growing the user base and improving its platform. If consumers and investors are not satisfied, the token may fall to $20. The digital money may be exchanged at $30 by the end of 2022”.

Check Out: Top 10 Growth Cryptocurrencies To Buy And Hold In 2022

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Long-term Synthetix (SNX) Price Predictions: 2023-2030

What are crypto experts expecting for the price of Synthetix from 2023 and beyond? Price forecasters appear to be more optimistic about SNX’s long-term prospects than its short-term. Let’s take a look.

For our first long-term Synthetix price prediction, we’ll continue with DigitalCoin, which has forecast SNX’s price until 2029. As we can see from their chart below, they largely expect SNX to hit higher highs for the next seven years, except for 2026.

SNX price prediction chart

What could happen in 2026 is unclear, however, after this dip, DigitalCoin seems to imply that Synthetix will gain more momentum in 2027 and onwards.

Here’s what DigitalCoin has forecast for Synthetix (SNX) price predictions from 2023 to 2029:

  • 2023: $6.56
  • 2024: $7.07
  • 2025: $8.94
  • 2026: $7.83
  • 2027: $11.52
  • 2028: $14.28
  • 2029: $17.70

The trajectory is good, but this price prediction could disappoint traders aiming for SNX to retest its ATH of $28.77. However, it shouldn’t be overlooked that Synthetix could potentially double in price between 2022 and 2025 where it could reach $8.94. Plus, if Synthetix manages to reach $17.70 by 2029, it would have more than quadrupled in price.

It seems that DigitalCoin believes that the next several years will see Synthetix rise gradually and there will probably not be a major bull run.

Our next long-term Synthetix price prediction comes from Coin Price Forecast which earlier forecast that SNX could reach a yearly high of $6.99 in 2022.

Coin Price Forecast has also forecasted SNX price to 2033 — here’s what they have forecast:

Year Mid-Year Year-End Tod/End,%
2022 $6.67 $6.99 +67%
2023 $6.62 $7.02 +68%
2024 $7.45 $8.57 +105%
2025 $9.67 $10.76 +157%
2026 $11.84 $12.54 +200%
2027 $12.68 $13.63 +226%
2028 $14.37 $13.72 +228%
2029 $12.30 $12.99 +211%
2030 $13.68 $14.36 +243%
2031 $15.04 $13.61 +225%
2032 $14.19 $14.77 +253%
2033 $13.22 $13.72 +228%

 

Coin Price Forecast SNX price prediction is more cautious than DigitalCoin in the long term. They do not see SNX reaching $17, instead, they predict that SNX will reach a high of $15.04 midway through 2031. That said, Coin Price Forecast expects Synthetix to reach $10 earlier, forecasting $10.76 by the end of 2025, while DigitalCoin believes it will happen by 2027.

Coin Price Forecast also said that between 2024 and 2028, “These five years would bring an increase: Synthetix price would move from $7.02 to $13.72, which is up 95%. Synthetix will start 2024 at $7.02, then soar to $7.45 within the first six months of the year and finish 2024 at $8.57. That means +105% from today”.

Despite the differences between Coin Price Forecast and DigitalCoin, the similarities are stronger. Both expect Synthetix to increase gradually in the future and doubt it will see $20 any time soon.

Our last long-term Synthetix price prediction comes from Cryptocurrency Price Prediction, and they are extremely bullish on Synthetix. Not only do they foresee SNX smashing past its ATH, but they also believe it could hit levels significantly higher towards the end of the decade. Here’s Cryptocurrency Price Prediction’s forecast for 2025 and 2030:

2025 Synthetix (SNX) forecast:

MONTH & YEAR SNX PRICE PREDICTION
January 2025 $20.49
February 2025 $44.92
March 2025 $46.17
April 2025 $50.84
May 2025 $51.62
June 2025 $52.91
July 2025 $59.14
August 2025 $68.47
September 2025 $62.46
October 2025 $61.21
November 2025 $71.59
December 2025 $73.66

 

2030 Synthetix (SNX) forecast:

MONTH & YEAR SNX PRICE PREDICTION
January 2030 $158.22
March 2030 $168.07
May 2030 $188.82
July 2030 $173.78
September 2030 $200.24
December 2030 $207.50

 

By January 2025, Cryptocurrency Price Prediction expects Synthetix to be worth $20.49. Synthetix will then more than double and decimate its ATH to hit an incredible $44.92 by February. Cryptocurrency Price Prediction then believes SNX will appreciate month-on-month for the rest of the year hitting many ATHs along the way, surpassing $50 by April, exceeding $60 by August, and ending 2025 at an astounding $73.66.

But this is all minuscule in comparison to what Cryptocurrency Price Prediction expects for 2030. Starting the year at $158.22 — more than double $73.66, which they expect for the end of 2025 — Cryptocurrency Price Prediction believes that SNX will continue its rampage upwards, again hitting new ATHs with almost every month until it hits its highest ever price of $207.50 by December 2030. This is perhaps the highest prediction ever for Synthetix.

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 $8 and $10 in 2025, according to more cautious forecasts, which is perhaps plausible. Meanwhile, bullish forecasters estimate that in 2025 Synthetix could hit a new ATH and potentially hit $70 per coin.

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

Yes, in 2025, the price of Synthetix could increase up to $73.66 at the very highest, according to Cryptocurrency Price Prediction. DigitalCoin and Coin Price Forecast also expect Synthetix to go up in 2025 but expect much lower highs of $8.94 and $10.76.

Additional Predictions For The Price Of Synthetix (SNX) In 2023-2027 Include:

2023

  • WalletInvestor: $0.648
  • Price Prediction: $6.01
  • The Economy Forecast Agency: $4.48
  • Coinskid: $12.64
  • Trading Beasts: $8.05452

2024

  • WalletInvestor: $0.416
  • Price Prediction: $8.56
  • The Economy Forecast Agency: $5.10
  • Coinskid: $20.26
  • Trading Beasts: $10.42029

2025

  • WalletInvestor: $0.166
  • Price Prediction: $12.39
  • The Economy Forecast Agency: $5.32
  • Coinskid: $39.02
  • Trading Beasts: $12.10980

2026

  • WalletInvestor: $0.191
  • Price Prediction: $18.36
  • The Economy Forecast Agency: $2.92
  • Coinskid: $58.60

2027

  • WalletInvestor: $0.08088
  • Price Prediction: $26.79

Jesus Cedaño of Crypto Coin Society believes that: “The token is anticipated to rise whenever a social media influencer gives a positive outlook on the token. By the end of 5 years, Synthetix is anticipated to be traded at a $360 mark”.

Tech News Leader says: “By 2025, Synthetix can reach a maximum value of $12.50. It is expected that the SNX will turn around a little bit if the market goes down. The year 2025 can end with an average price of $11.03 with a minimum price of $10.74 and the maximum price of $12.50”.

Read Also: Top 10 Best Cryptocurrencies With Most Potential To Buy And Invest In 2022

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Trading Education Synthetix (SNX) Price Predictions

Now that we have seen the top price predictions for Synthetix from 2022 to 2027, let’s compare them and form our conclusions on where the price of SNX could be heading for the remainder of the decade.

Synthetix (SNX) price predictions 2022

Synthetix is expected to trade with bullish momentum and surpass $6 by the end of 2022. As per Synthetix price predictions for 2022, the average price of SNX will be $7 by the end of the year. The predicted maximum for 2022 will be $16.70, and the predicted minimum will range from $2.95 to $3.34.

Synthetix (SNX) price predictions 2023

Synthetix price predictions for 2023 anticipate SNX to start at $6.56 at the beginning of the year. A further movement to $8.05 midway through the year is expected. The average price will be around $7.02 and the maximum price of SNX is predicted to be $12.64.

Synthetix (SNX) price predictions 2024

As per our data, by the end of 2024, Synthetix will be able to reach an average price of $10.42. The predicted high for 2024 will be $20.26, and on the downside, the low will be $0.41.

Synthetix (SNX) price predictions 2025

As per Synthetix price predictions for 2025, SNX will reach an average of between $10.76 and $12.39 by the end of 2025. The predicted high for 2025 will be around $73.66, and the low will be around $0.16.

Synthetix (SNX) price predictions 2027

As per our 2027 Synthetix price prediction, SNX will be able to touch the $26.79 price mark on the upside, while on the downside, it will fall to $0.08. The average Synthetix price prediction for the end of 2027 is $13.63.

Synthetix (SNX) price predictions 2030

The top price predictions for Synthetix in 2030 foresee SNX dominating above $100 for most of the year. If the token does well, experts predict a maximum of $207.50 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 $7 by the end of 2022 and $12 by the end of 2023. Synthetix (SNX) will rise to $70 in 2025 and $100 in 2030.

Conclusion: Synthetix (SNX) Price Prediction Forecast

The below prediction figures outline some of the potential highs and lows of Synthetix price prediction forecasts for 2022, 2023, 2024, 2025, 2027, and 2030 offered by technical analysts and industry experts.

Year High Low
2022 $16.70 $2.95
2023 $12.64 $6.56
2024 $20.26 $0.41
2025 $73.66 $0.16
2027 $26.79 $0.08
2030 $207.50 $14.36

 

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How Has The Price Of Synthetix Changed Over Time?

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.

SNX price chart

Synthetix SNX/USD price chart. Source: Coinmarketcap

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. 

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 from Statista shows just how much the DeFi sector has grown since 2017.

SNX total value locked 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.

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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.

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

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Key Points

If you remember anything from Synthetix Price Predictions: How Much Will SNX Be Worth In 2022 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 2022, Trading Beasts expects the price of Synthetix to reach a maximum price of $5.97123 by December.
  • Coinskid predicts that Synthetix to be worth a maximum price of $7.79 in 2022.
  • By 2025, Cryptocurrency Price Prediction expects the price of Synthetix to reach an incredible high of $73.66.
  • Elsewhere, DigitalCoin and Coin Price Forecast estimate that SNX could be worth either $8.94 or $10.76 in 2025.
  • By the end of 2030, Cryptocurrency Price Prediction estimates that SNX could reach an amazing $207.50 — possibly the highest estimate for Synthetix so far.
  • 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 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?

SNX could reach $100 at some point between 2025 and 2030 according to Cryptocurrency Price Prediction. After this milestone, they believe it could rally up to $200 by the end of 2030. Elsewhere, Price Prediction expects SNX to reach $100 by 2031.    

What Will SNX Be Worth In 2030?

In 2030, SNX could be worth between $101.31 at the lowest to $207.50 at the highest according to Cryptocurrency Price Prediction. Other forecasters do not see prices reaching this level. Coin Price Forecast, for example, believes that SNX will be worth between $13.68 and $14.36 in 2030. 

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