What you'll learn 👉
What is Synthetix
Let’s start with the basics. What is Synthetix? Synthetix is a protocol that allows users to issue synthetic assets on the Ethereum blockchain. The term “synthetic assets” sounds more complicated than it is. They are financial instruments that will enable the trader to track the price of an asset without having to hold the underlying asset. In ERC-20, the technical standard Ethereum uses for its smart contracts are known as “Synths.”
Thanks to this innovative Synthetix technology, you can trade gold and silver, crypto, inverse crypto, crypto indexes, and fiat currencies, all in the form of Synths.
Synthetix uses a native token called Synthethetix Network Token (SNX), which traders use as collateral against the Synthetix assets that users create, but more on that later.
Our SNX price forecast suggests the token price will be around $1.70 in the next 90 days.
👉 Synthetix Price Prediction 2024
Our SNX price forecast suggests the token price will be around $4.30 in 2024.
👉 Synthetix Price Prediction 2025
We predict the Synthetix price to hover around $5.85 in 2025 based on our analysis.
👉 Synthetix Price Prediction 2026
In 2026, we expect the Synthetix price to be approximately $6.12 according to our price prediction model.
👉 Synthetix Price Prediction 2027
Our SNX prediction indicates the token price will be in the vicinity of $7.88 in 2027.
👉 Synthetix Price Prediction 2028
For 2028, we forecast the SNX price to be around $9.63 given current trends.
👉 Synthetix Price Prediction 2029
Looking ahead to 2029, we estimate the Synthetix price will settle around $11.39.
👉 Synthetix Price Prediction 2030
Our SNX price prediction suggests a token price of about $12.58 by 2030 based on projected growth.
Synthetix Price Prediction For The Next 90 Days
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will SNX develop in the short-term (for the next 90 days), according to our prediction model:
Other Synthetix market price prediction
The future price projections for Synthetix (SNX) show a range of estimates from various sources. Here’s a summary of their predictions for 2024 and the following years:
- Binance Predictions:
- 2024: $3.470439
- 2025: $3.643961
- 2026: $3.826159
- 2030: $4.65072
- CoinCodex Forecast:
- 2024: $4.63
- 2025-2030: No specific predictions available
- DigitalCoinPrice Projection:
- 2026: Up to $9.94
- AMBCrypto Analysis:
- September 2024: Between $4.42 and $5.09
- CryptoNewsZ Outlook:
- 2025: A high of $8.3, with an average around $6.72
Make sure to check out other price predictions too:
- Belt Finance Price Prediction
- Badger DAO Price Prediction
- Reef Finance Price Prediction
- Helium Price Prediction
- Injective Protocol Price Prediction
- Tellor Token Price Prediction
- Waltonchain Price Prediction – Future Forecast For WTC Price
- Future Forecast for XRP Price
- Tezos Price Prediction
- Zilliqa Price Prediction
Synthetix Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the early months of 2024, with Bitcoin leading the charge. The digital currency has seen an impressive gain, now trading well above $70,000, a significant increase that underscores the renewed institutional interest and positive momentum within the sector. The market has demonstrated growth, with its total market capitalization soaring to $2.65 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, the anticipation surrounding the Bitcoin Halving event, now just days away, has further fueled investor enthusiasm, with many expecting it to have a positive impact on Bitcoin’s price. The growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The potential approval of Ethereum ETFs later in the year is another eagerly awaited development, which could further validate the cryptocurrency market and attract a new wave of institutional investment.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
SNX Price Prediction 2025 – 2030 – 2040
Our prediction model sees SNX reaching new highs in 2025:
$5.85SNX price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
How to Buy SNX
Step 1:
Buy ETH through an exchange such as Coinbase and Kraken if you do not own any yet.
Step 2:
Register yourself in one exchanges that are trading SNX, such as:
- Binance
- OKEx
- Coinbase Pro
- WhiteBIT
- Bithumb
Step 3:
Buy at the desired price, even setting a limit order.
Step 4:
Open a wallet account compatible with SNX. Some examples are:
- Trust Wallet
- Atomic Wallet
- MyEtherWallet
Step 5:
Once you’ve bought SNX, transfer it to your wallet.
Synthetix Price Prediction 2030 – 2040
What Synthetix will be worth in 2030?
Our forecasting model sees Synthetix reaching $14.63 in 2030.
What Synthetix will be worth in 2040?
Our forecasting model sees Synthetix reaching $29.26 in 2040.
Will Synthetix replace / surpass / overtake Bitcoin?
No, Synthetix will not replace or overtake BTC.
Is Synthetix worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Synthetix is worth buying.
Is Synthetix a good investment?
Synthetix is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Synthetix be worth?
For the short-term future, it could reach $1.70. In the long-term (8-10 years), it could jump to $14.63 or even higher.
Why will Synthetix succeed and go up in price?
Synthetix has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Synthetix rising up to $14.63 in 2030.
Why will Synthetix fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
Can Synthetix reach $100?
Yes, it is possible that Synthetix can reach $100 but only in a distant future, after 2030.
How high will Synthetix go?
Our forecasting model sees Synthetix price exploding and reaching $29.26 in a distant future.
What is the short-term prediction for Synthetix?
Synthetix will reach $1.70 in the next 90 days, which is a 41.2% change over the current price which hovers around $2.90.
Can Synthetix make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Synthetix millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Synthetix could make you a millionaire.
Synthetix Price Prediction Today - What will be the price of Synthetix tomorrow?
Synthetix will hover around $2.99 tomorrow.
When to sell and exit Synthetix?
That depends on your trading profile. If you believe in Synthetix and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Synthetix, cashing out a portion of the funds is not a bad move.
Could Synthetix crash and go to zero?
Synthetix almost certainly will not collapse and crash. People are usually worried that the coin might go to zero if the price of their investment is lagging or going down. That is a natural osciallation in any trading market, prices soar and dip all the time.
Can Synthetix explode?
No, Synthetix price will not explode and record 5-10x pumps; but grow more modestly with an increase of 15.2% in the next year.
Can Synthetix reach $10?
Yes, Synthetix could reach $10 by the end of 2024.
Summing it all up
When it comes to altcoins, SNX is one of the most promising options there is. According to my predictions, it could reach incredible heights already in this bull run. And it’s not the only speculation. This project has some great fundamentals to back it up. The creation of Synths that mimic real assets that you can trade on their decentralized exchange is extremely interesting.
Other price predictions may be a lot more bearish than mine, but I see much potential and demand growing for this project. DeFi is undoubtedly the future. But whatever you do, remember, this is not financial advice. I am just talking about my opinions on this project. You should not blindly invest in it.
Always do your research. I could be wrong. And if you do decide to invest in this project, please trade responsibly and do not invest more than you are willing to lose.
