Synthetix Achieves Market Cap of $958.81 Million (SNX)

Synthetix (SNX) traded 1.5% higher against the U.S. dollar during the 24 hour period ending at 17:00 PM Eastern on May 25th. In the last week, Synthetix has traded 8.6% higher against the U.S. dollar. Synthetix has a market capitalization of $958.81 million and $31.05 million worth of Synthetix was traded on exchanges in the last 24 hours. One Synthetix coin can now be bought for approximately $2.93 or 0.00004234 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 10.4% higher against the dollar and now trades at $0.30 or 0.00000441 BTC.
• 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 1.6% against the dollar and now trades at $0.0097 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Synthetix Coin Profile

Synthetix’s genesis date was March 11th, 2018. Synthetix’s total supply is 328,193,104 coins and its circulating supply is 327,769,196 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.”

Buying and Selling Synthetix

It is usually not possible to purchase alternative cryptocurrencies such as Synthetix directly using US dollars. Investors seeking to trade Synthetix should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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