SNX PRICE PREDICTION 2024-2030: IS SNX A GOOD INVESTMENT?
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Key Takeaways
- The average Cryptopolitan SNX price prediction for 2024 is $3.53.
- In 2025, it will range between $4.91 and $5.83, with an average price of $5.09.
- In 2030, it will range between $31.41 and $37.72, with an average price of $32.39.
At press time, SNX was up 466% from its initial listing price of $0.46 and down 91% from its all-time high. These statistics are evidence of SNX’s highly volatile nature. Looking into the predictions, SNX will trend higher.
SNX is the native token for the Synthetix Network and is used for governance. It is listed on top exchanges like Binance, Uniswap, Coinbase, OKX, and Bybit. Synthetic is a decentralized protocol that allows you to create and transact synthetic tokens on the Ethereum blockchain.
Is SNX a good investment? Will it go up? Where will it be in five years? Our Cryptopolitan Price Prediction 2025-2030 answers these questions and more.
Also Read: How to Stake SNX
Overview
| Cryptocurrency | Synthetix |
| Abbreviation | SNX |
| Current Price | $2.58 |
| Market Cap | $844,886,327 |
| Trading Volume | $22,586,150 |
| Circulating Supply | 327,769,196 |
| All-time High | $28.77, on Feb 14, 2021 |
| All-time Low | $0.03258, on Jan 5,2019 |
| 24-hour High | $2.66 |
| 24-hour Low | $2.52 |
SNX Price Prediction: Technical Analysis
| Metric | Value |
| Volatility (30-day Variation) | 7.10% |
| 50-day SMA | $3.13 |
| 200-day SMA | $3.45 |
| Sentiment | Bearish |
| Fear & Greed Index | 70 (Greed) |
| Green Days | 13/30 (43%) |
Synthetix Price Analysis: SNX in Consolidation
TL: DR
- SNX is range-bound with support at $2.358.
- In the short term, SNX will drop lower.
SNX/USD 1-day Chart: SNX remains range bound this month
SNX is trending neutral in current areas, with its relative strength index (RSI) at 38.30. It has registered positive momentum throughout the month but failed to break above the 78.60% Fibonacci. The situation has forced SNX to remain range-bound with support at $2.358, the lowest registered this year.
SNX/USD 4-hour Chart: SNX Black Crows Formation
Three black crows are repeated on the 4-hour chart, signaling growing selling pressure that forces a coin to drop lower. The latest formation also forms red candles, signaling a lower potential drop. The RSI is neutral, while the momentum is bearish.
SNX Technical Indicators
Daily Simple Moving Average
| Period | Value ($) | Action |
| SMA 3 | 2.80 | SELL |
| SMA 5 | 2.71 | SELL |
| SMA 10 | 2.63 | SELL |
| SMA 21 | 2.66 | SELL |
| SMA 50 | 3.13 | SELL |
| SMA 100 | 3.65 | SELL |
| SMA 200 | 3.45 | SELL |
Daily Exponential Moving Average
| Period | Value ($) | Action |
| EMA 3 | 2.67 | SELL |
| EMA 5 | 2.71 | SELL |
| EMA 10 | 2.76 | SELL |
| EMA 21 | 2.92 | SELL |
| EMA 50 | 3.31 | SELL |
| EMA 100 | 3.50 | SELL |
| EMA 200 | 3.40 | SELL |
What can we expect from SNX Price Analysis Next?
Per the Cryptopolitan technical indicators, the sentiment is Bearish, while the Fear and Greed Index shows Greed (70). SNX recorded 13/30 green days with 7.10% price volatility over the last 30 days. The charts indicate that it is range bound, and the coming breakout does not advantage the bulls or bears.
Is SNX a Good Investment?
The Synthetix rebranding in 2018 rejuvenated the ecosystem, which has grown continually with multiple listed synths. Despite concerns over the stability of its stablecoins, SNX, the native token is set to mark new records, as we shall explore in Cryptopolitan’s SNX price predictions from 2024 to 2030.
Recent News/ Updates
- The Synthetix stablecoin SUSD depegged on 17 May, plunging to $0.915.
- Earlier in the year, Bluechip, an independent nonprofit stablecoin assessment entity, bestowed an F on Synthetix’s sUSD and sEUR tokens.
SNX Price Prediction May 2024
SNX will break out higher after consolidating. A break above the 78.60% Fibonacci will result in a mini bull run with the next target at $3.03. It will average at $2.70 and drop to $2.30 at its lowest.
| Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
| May | $2.30 | $2.70 | $3.03 |
SNX Price Prediction 2024
We anticipate more developments in the Synthetix ecosystem in the second half of 2024. While the technical indicators are bearish, a reversal to previous highs is also possible, noting that SNX is trading at its lowest this year.
SNX will trade between $2.30 and $4.08. It will average at $3.53.
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2024 | $2.30 | $3.53 | $4.08 |
SNX Price Prediction 2025 – 2030
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | 4.91 | 5.09 | 5.83 |
| 2026 | 7.21 | 7.46 | 8.61 |
| 2027 | 10.36 | 10.74 | 12.34 |
| 2028 | 14.87 | 15.30 | 18.02 |
| 2029 | 21.40 | 22.01 | 25.49 |
| 2030 | 31.41 | 32.39 | 37.72 |
Synthetix Price Prediction 2025
The Synthetix price forecast for 2025 is a high of $5.83. The minimum price for the year will be $4.91, and the average will be $5.09.
Synthetix Price Prediction 2026
The year 2026 will experience more bullish momentum. According to the Synthetix price prediction, it will range between $7.21 and $8.61, with an average trading price of $7.46.
SNX Price Prediction 2027
The SNX price prediction climbs even higher into 2027. According to the projections, the price of SNX will range between $10.36 and $12.54, with an average of $10.74.
SNX Price Prediction 2028
According to our SNX price prediction for 2028, we expect a maximum price of $18.02, a minimum price of $14.87, and an average price of $15.30.
SNX Price Prediction 2029
According to the SNX price prediction 2029, SNX will reach a maximum and minimum price of $25.49 and $21.40, respectively, with a year-round average of $22.01.
SNX Price Prediction 2030
The Synthetix SNX price prediction for 2030 indicates a price range of $31.41 and $37.72 and an average price of $32.29. This prediction also hinges on the global recognition and adoption of blockchain technology.
Synthetix Market Price Prediction: Analysts SNX Price Forecast
| Firm | 2024 | 2025 |
| Changelly | $4.08 | $5.95 |
| DigitalCoinPrice | $5.44 | $6.44 |
| CryptoPredictions | $4.37 | $4.86 |
Cryptopolitan’s Synthetix Price Predictions
Our analysis shows that SNX has been highly volatile since its historical listing price. It remains range-bound at current levels, with predictions indicating it will break out higher.
It will achieve a high of $4.08 in the second half of 2024. In 2025, it will range between $4.91 and $5.83, with an average of $5.09. Note the predictions are not investment advice. Seek independent professional consultation or do your own research.
Synthetix Historic Price Sentiment
- Kain Warwick launched Synthetix in September 2017 under Havven (HAV).
- The HAV Airdrop Campaign ran between 4 and 14 February 2018 and offered two million tokens for around $1 million.
- On November 30, 2018, Synthetic announced its rebranding from Havven. This included renaming its native token, HAV (Havven token), to SNX. The contract address did not change.
- It registered its lowest price at $0.03258 on January 5, 2019.
- Different from most mega-altcoins, SNX did not rally after launch; it consistently traded below $0.5 until the last quarter of 2019.
- In 2020, it made a mega rally to $7.3. In the 2021 bull cycle, it shot higher, and on February 14, it registered its all-time high at $28.77.
- It reversed to $5 in July before pumping again to $15 in September.
- In the 2022 crypto winter, SNX shed most of its value as it retreated to the $2 mark by the end of the year.
- In 2023, it consistently traded between $1.5 and $3 until the last quarter, when it had its break.
- It rose into 2024, and in March, it reached a high of $5, just before the Bitcoin halving.
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Cryptopolitan reporting by Brian Koome.
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