SNX Price Overview
The current live price of Synthetix Network Token (SNX) is $0.598**, with a 24-hour trading volume of **$50,227. Over the past week, SNX has shown a +6.4% increase in USD value, while its daily price change stands at +0.5%. With a circulating supply of 326,167,416 SNX, the token holds a market capitalization of $195.14 million, ranking #136 among cryptocurrencies.
Key Price Metrics
- 24h Range: $0.586 - $0.628
- All-Time High: $27.06 (97.79% below current price)
- Max Supply: 326,891,324 SNX
| Period | Price Change | Percentage Change |
|---|---|---|
| Today | $-0.003 | -0.33% |
| 7 Days | $0.03 | +5.30% |
| 30 Days | $-0.106 | -14.98% |
| 90 Days | $-0.124 | -17.11% |
Global SNX Conversions
- 1 SNX to USD: $0.598
- 1 SNX to EUR: €0.508
- 1 SNX to KRW: ₩817.49
- 1 SNX to JPY: ¥86.49
- 1 SNX to GBP: £0.438
👉 Track real-time SNX price movements
SNX Token Utility
Core Functions
- Collateral: Backs synthetic assets minted on Synthetix.
- Safeguard Mechanism: Protects against drastic price drops.
- Trading Asset: Available on major exchanges like KuCoin.
- Passive Income: Stake SNX to earn rewards (up to 28% APY).
Staking Features
- Rewards: Earn newly minted SNX tokens.
- Governance: Participate in protocol decisions.
Investment Considerations
Strengths
- Synthetic Asset Platform: Trade derivatives without owning underlying assets.
- Layer-2 Efficiency: Built on Optimism for low fees.
- Partnerships: Collaborations with Curve and Ren.
Risks
- Volatility: Down 17.11% over 90 days.
- Regulatory Uncertainty: Evolving DeFi compliance landscape.
FAQs
How much is 1 SNX worth?
KuCoin provides real-time SNX/USD rates. Use their calculator for accurate conversions.
Is SNX a good investment?
SNX offers unique synthetic asset exposure but carries market risks. Always DYOR.
Can you stake SNX?
Yes! Stake SNX to earn inflation rewards and governance rights.
Where to store SNX?
Use KuCoin’s custodial wallet or self-custody options like MetaMask.
👉 Explore SNX staking opportunities
Price Prediction Factors
- Adoption Growth: More users → Higher demand.
- Asset Expansion: New synths attract traders.
- Technical Upgrades: Optimism integration boosts scalability.
Note: Predictions are speculative. Past performance ≠ future results.