Synthetix (SNX) Price Down 13.5% Over Last Week

Synthetix (SNX) traded down 2.4% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on January 9th. Synthetix has a total market cap of $618.07 million and $37.39 million worth of Synthetix was traded on exchanges in the last day. One Synthetix coin can now be bought for about $1.82 or 0.00001957 BTC on cryptocurrency exchanges. During the last seven days, Synthetix has traded 13.5% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.1% lower against the dollar and now trades at $93,061.90 or 1.00002167 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2% against the dollar and now trades at $92,649.05 or 0.99558525 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Synthetix

Synthetix was first traded on March 11th, 2018. Synthetix’s total supply is 339,889,850 coins and its circulating supply is 339,466,217 coins. Synthetix’s official website is www.synthetix.io. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. The Reddit community for Synthetix is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here. The official message board for Synthetix is research.synthetix.io.

According to CryptoCompare, “Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It allows the creation and trading of synthetic assets collateralized by SNX, used for hedging, gaining exposure to diverse assets, and trading on the price movements of real-world assets. SNX stakers are incentivized to contribute to the network and capture fees generated from Synth exchanges, which determine the value of the SNX token.”

Synthetix Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Synthetix directly using US dollars. Investors seeking to acquire Synthetix should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Synthetix using one of the aforementioned exchanges.

SNX/USD price chart by TradingView