Don't invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 min to learn more.

Back to Cryptocurrencies

See the live Synthetix price UK. Buy Synthetix in the UK or add it to your Crypto Strategy.

Synthetix

SNX

SNX to GBP Price

£1.57

Synthetix Market Cap

£515.17M

Buy
See all buy/sell options

SNX GBP price chart / performance

SNX GBP price chart / performance

From
Jun 14, 2024
To
Jun 21, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+1.32%
Return (7D)
-8.69%
Return (1M)
-31.67%
Return (1Y)
+5.22%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Synthetix (SNX) History and Overview

Synthetix (SNX) History and Overview

The Synthetix network is an Ethereum-based protocol which is used for issuing synthetic assets. The concept of synthetic assets is similar to derivatives in legal finance. They are financial instruments represented by ERC-20 smart contracts known as "Synths", which track returns of other assets without requiring the user to hold that asset. Synths can be traded, on Kwenta, the Synthetix crypto decentralised exchange.  

SNX, the Synthetix coin, is used to provide collateral against issued Synths. Users can stake tokens to receive staking rewards in SNX and exchange fees from Synth trade given in sUSD. If users want to receive both, they need to have a 600% collateralization ratio. This system ensures that Synths are always backed by a sufficient amount of collateral. 

Users can trade Synths on Kwenta, a decentralized exchange, as well as across a variety of other DeFi protocols. 

How To Buy Synthetix or Add it to your Strategy

The fastest, most convenient way to purchase Synthetix is to purchase it on ICONOMI. We check Synthetix live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Synthetix by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Synthetix is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Synthetix, we recommend you read the next section, as copying might be a better approach.

Add Synthetix to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Synthetix in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Synthetix SNX. See all Synthetix price predictions in real time and make the best use of their crypto knowledge.

$PENDLE $STRK added. removing $AAVE $CRV $SNX . rebalancing rest.

Post image
GIPHY
Posted using GIPHY
4 people like this
Avatar
@MomenJaradat
14 Apr, 2024

3/4


Decentralized Finance sector


$UNI

$MKR

$RUNE

$LDO

$AAVE

$DYDX

$SNX

$CAKE

$OSMO

$1INCH

Post image
2 people like this
GRAZZP™️
19 Feb, 2024

This is your weekly update!


Sometimes it's really hard to stay focused on your own strategy, when lots of ALTS are flying! If you have some money spend in GRAZZP AI you will know what I mean. 


This strategy (GRAZZP) is on the other hand more focused on growing while having a relative safe play and that means that we are not all in, all the time like GRAZZP AI. 


Lets recap what happened. Price has hit the 52.250 dollar target of previous week and now it looks like price could come down. Not sure if this will be the start of a bigger pullback, or that we still get one more push up. I have to follow my own strategy based on technical analyses, because it has proven to be correct, many times. It shows it's time to have (at least some) correction. 


How does the 1D chart look like today?

Ichimoku;

Cloud is green

Price is above the green cloud

Price is above the red line

The red line has crossed the blue line, which means price is back in its upwards trend.

Lagging span (green line) is above the green cloud.  


All of the above is bullish, but.....


RSI;

Price is in the overbought zone (above 70), and on the 4H chart there is strong bearish divergence. 


FSVZO;

On the lowest indicator of the chart, 9 red crosses are created including a dot, meaning price is starting to reverse. 


Elliott Wave;

Any price above leg 3 (49.318 dollar) could be the end of the total leg (leg 1 to 5) and we have reached exactly that level. 


What could be the Target?

Even if price would go up, the upwards potential looks limited. I am aware that what I'm saying is not the popular opinion, but I think we could go down to at least 44K (the gray FVG). After that we can decide what's next (invest and go full in, or wait a bit more). 


What does this mean for GRAZZP™ Strategy?

As you can see, I'm still betting that price of $BTC is going down. The other view on the topic is that lots of traders are expecting this also. Therefore $BTC does exactly the opposite to find liquidity (their stoplosses).


I'm not fully out and kept $DOGE and $ETH for reasons mentioned many times before, and added small amounts of $APT, $INJ and $SNX. Lets see how the week develops!

Thanks all!

Post image
3 people like this
Alpha Digital
12 Dec, 2023

$SNX


Synthetix could become a DeFi primitive in the future.


It provides an open system for liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets.


It got a lot of traction recently and the total value locked grew by 150% over the last two months.

Revenue has also been growing steadily.


The chart looks great with a strong trend which could go parabolic soon.

Post image
6 people like this
GRAZZP™️
19 Nov, 2023

Hello and good evening! 


This weeks update is very similar to last weeks.


I wrote that "When $BTC is stable, without any significant moves, ALTS usually get spikey." 


That's exactly what happened with 2 of our ALTS within the GRAZZP portfolio. They outperformed the market very well: $SKL +42% and $SNX +21%. I just sold them and bought more BTC, just to make sure we are not giving it back to the market. 


let's proceed to the 1D BTC chart. 


How does the chart look like today?

The chart looks bullish. Price did correct a bit, and is moving to the red box. I still expect BTC to correct a bit more, before hitting the red box. 



Why do I think that?

Ichimoku;

Cloud is green

Price is above the green cloud

Price is above the red line

Lagging span (green line) is above the green cloud 


RSI;

Just below 70% and it did not pass the 50% level yet. Its now not really "overbought", but the needed correction before giving it a strong next push, did not happen yet. 


What could be the Target?

Because of the small correction i changed the Elliott Wave count and placed the green 4th leg just below 34.800 dollar.

Preferably i would like to see a retest to at least 33,4K, but hopefully a bit deeper to 32K dollar and then up to +- 40K. 


What does this mean for GRAZZP™ Strategy?

We stepped fully into ALTS last week, because $BTC was stable and ALTS looked prime to pump. Now i can't find any clear ALT Longs. $BTC is still looking very strong nevertheless, therefore I increased $BTC.


As you know, I'm always keeping an eye on $BTC. If it shows weakness, or hits the red box, I will sell most ALTS to take profit and try to buy back cheaper.  

Post image
5 people like this

Ready to start your journey with us?

Trusted by over 100,000 users from around the world.

Create Free Account

Other Top Cryptocurrencies

Synthetix Price FAQ

What Is the Highest Price of Synthetix in GBP?

Synthetix price UK history shows the highest value of 19.79 GBP . We recorded this price on February 13, 2021, but we cannot exclude that a higher price was registered before July 13, 2020.

What Is the Lowest Price of Synthetix in GBP?
How to buy Synthetix in the UK?
What Is the Current Synthetix Price UK in GBP?
Is Synthetix a good investment?