Since it first started trading in 2018, the price of SNX, the native cryptocurrency of the Synthetix network, increased by 3,443%.
In this article, we are going to examine Synthetix price predictions for 2023, 2024, 2025, and 2030 and try to determine whether Synthetix can reach $ 100.00.
Synthetix price prediction key takeaways
Synthetix price prediction 2023
According to our Synthetix price prediction for 2023, SNX is expected to trade between $ 1.92 and $ 3.16, with an average price of $ 2.46. At the end of the year, SNX is expected to trade at $ 2.28.
Synthetix price prediction 2024
Synthetix is forecasted to reach a high of $ 8.04 next year, with an average SNX price of $ 3.86. On the low end, Synthetix is expected to bottom out at $ 1.92 in 2024. By the end of the year, we could see Synthetix change hands at $ 4.98.
Synthetix price prediction 2025
In 2025, Synthetix could see a peak price of $ 6.96 and a low of $ 2.26. The average Synthetix price prediction for 2025 is $ 3.80. By year’s end, SNX is expected to trade at $ 2.75.
Synthetix price prediction 2030
On a longer time scale, our Synthetix price forecast for 2030 projects SNX to reach a maximum price of $ 4.56. Conversely, SNX could trade as low as $ 0.988733 during the year, whereas the average Synthetix price is predicted to move around $ 2.09. By the end of 2030, Synthetix is predicted to trade at $ 0.988733.
Synthetix (SNX) overview
| Cryptocurrency | Synthetix |
|---|---|
| Ticker | SNX |
| Market Cap | $ 240.09M |
| 24H Trading Volume | $ 166.22M |
| Circulating Supply | 114.84M |
| Total Supply | 212.42M |
| 7-Day Price Change | -0.55% |
| 1-Month Price Change | -15.43% |
| 1-Year Change | -28.9% |
| Synthetix ROI | 3,443% |
| All-Time High | $ 28.63 |
| All-Time Low | $ 0.032478 |
With a circulating supply of 114.84M SNX, the Synthetix cryptocurrency project commands a market cap of $ 240.09M, good for the 113th spot in the crypto market.
In the last 24 hours, $ 166.22M worth of SNX changed hands across 77 crypto exchanges, with Binance accounting for the largest share of SNX trading volume.
Synthetix price history
The price of Synthetix has been trending in the positive direction in the past 24 hours, increasing by 6.09% to $ 2.09. In the past week, Synthetix’s price lost -0.55%.
In addition, Synthetix lost -15.43% in the past month, having traded in the green zone in 11 of the last 30 days.
On a longer time horizon, Cardano saw negative price activity in the last 3 months, underscored by the -15.43% move to the bottom. Meanwhile, the price of SNX decreased by -28.9% in the past year. Overall, Synthetix is trading up 3,443% since it first started trading in 2018.
Synthetix technical analysis
Based on technical indicators tracked by InvestMage, investor sentiment regarding Synthetix is currently bearish, with high volatility score of 9.97% (volatility is a measure of an asset’s price fluctuations).
Synthetix is changing hands above the 200-day simple moving average (SMA), a common bearish signal. Also, the price of SNX is currently above the 50-day SMA, which is widely regarded as a bearish indicator.
The Fear & Greed Index, a popular measure of market sentiment, is 40 (Fear). Meanwhile, RSI (Relative Strength Index), a popular market momentum indicator, is at 31.38, indicating that SNX is changing hands in undervalued zone. Overall, there are 15 technical analysis indicators that indicate bullish market activity, and 17 that forecast bearish activity for Synthetix.
Synthetix price predictions 2023-2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $ 1.92 | $ 2.46 | $ 3.16 |
| 2024 | $ 1.92 | $ 3.86 | $ 8.04 |
| 2025 | $ 2.26 | $ 3.80 | $ 6.96 |
| 2026 | $ 1.69 | $ 2.15 | $ 3.18 |
| 2027 | $ 1.64 | $ 1.86 | $ 2.07 |
| 2028 | $ 1.56 | $ 6.23 | $ 16.04 |
| 2029 | $ 2.35 | $ 6.01 | $ 13.60 |
| 2030 | $ 0.988733 | $ 2.09 | $ 4.56 |
According to our long-term Synthetix prediction, the cryptocurrency is expected to reach a high point of $ 16.04 at some point in June 2028. On the other end of the spectrum, Synthetix could bottom out at $ 0.988733 in September 2030. Per the prediction, Synthetix will have the highest average price of $ 6.23 in 2028.
With a brief overview of Synthetix price predictions for 2023 to 2030 in the rearview mirror, let’s dive deeper into separate yearly price predictions for SNX.
Synthetix price prediction 2023
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| October | $ 2.17 | $ 2.56 | $ 3.00 |
| November | $ 2.40 | $ 2.75 | $ 3.16 |
| December | $ 2.23 | $ 2.40 | $ 2.61 |
This year, Synthetix is expected to trade in a price range between $ 1.92 and $ 3.16, with the average price of $ 2.46 per SNX coin. The price of SNX is expected to increase by 9.22% by the end of the year.
Synthetix price prediction 2024
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 1.92 | $ 2.10 | $ 2.27 |
| October | $ 2.29 | $ 2.62 | $ 3.00 |
| November | $ 2.40 | $ 2.71 | $ 3.16 |
| December | $ 2.23 | $ 2.40 | $ 2.61 |
| January | $ 1.94 | $ 2.18 | $ 2.43 |
| February | $ 2.21 | $ 2.45 | $ 2.70 |
| March | $ 2.37 | $ 2.62 | $ 3.20 |
| April | $ 3.06 | $ 3.98 | $ 5.29 |
| May | $ 4.71 | $ 5.70 | $ 7.12 |
| June | $ 5.84 | $ 7.02 | $ 8.04 |
| July | $ 5.48 | $ 6.25 | $ 7.03 |
| September | $ 5.04 | $ 6.16 | $ 6.83 |
In 2024, Synthetix is forecasted to trade in a price channel between $ 1.92 and $ 8.04. On average, SNX is expected to change hands at $ 3.86 during the year. The most bullish month per SNX could be June, when the currency could trade 284.45% higher than today.
Synthetix price prediction 2025
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 4.79 | $ 5.93 | $ 6.96 |
| November | $ 3.54 | $ 4.57 | $ 6.32 |
| November | $ 2.78 | $ 3.22 | $ 3.78 |
| December | $ 3.24 | $ 3.76 | $ 4.53 |
| January | $ 3.62 | $ 4.11 | $ 4.80 |
| March | $ 4.06 | $ 4.33 | $ 4.69 |
| March | $ 3.72 | $ 4.09 | $ 5.00 |
| April | $ 3.65 | $ 3.78 | $ 3.89 |
| June | $ 3.29 | $ 3.71 | $ 4.09 |
| June | $ 2.56 | $ 2.85 | $ 3.25 |
| August | $ 2.54 | $ 2.75 | $ 3.05 |
| August | $ 2.26 | $ 2.53 | $ 2.75 |
Generally speaking, Synthetix price prediction for 2025 is bullish. The SNX cryptocurrency is forecasted to hit a high point of $ 6.96 in October and reach a low of $ 2.26 in August. Overall, Synthetix is expected to trade at an average price of $ 3.80 in 2025.
Synthetix price prediction 2030
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| September | $ 2.23 | $ 2.71 | $ 3.43 |
| October | $ 2.21 | $ 2.76 | $ 3.32 |
| November | $ 2.93 | $ 3.59 | $ 4.56 |
| January | $ 1.54 | $ 2.82 | $ 3.90 |
| January | $ 1.49 | $ 1.65 | $ 1.94 |
| February | $ 1.00 | $ 1.47 | $ 1.95 |
| March | $ 1.36 | $ 1.66 | $ 2.02 |
| April | $ 1.82 | $ 2.33 | $ 2.54 |
| May | $ 1.73 | $ 1.83 | $ 2.12 |
| July | $ 1.39 | $ 1.52 | $ 1.82 |
| July | $ 1.26 | $ 1.38 | $ 1.52 |
| September | $ 0.988733 | $ 1.28 | $ 1.65 |
In the long term, Synthetix could reach a price of $ 4.56 in November. That’s a rather optimistic scenario, as SNX could trade as low as $ 0.988733 in September. Overall, SNX’s price is projected to hover at around $ 2.09 in 2030, about -0.23% below the current price of $ 2.09.
Synthetix price prediction FAQs
According to InvestMage’s prediction, Synthetix could gain as much as 667.42% by 2028, making it a potentially good investment. Keep in mind that the prediction is not set in stone and we could easily see Synthetix either surpass or not reach the price targets outlined in this article.
Synthetix would need to gain 4,783.36% to reach $ 100.00.
In 2023, Synthetix is predicted to trade in a price range between $ 3.16 and $ 1.92, with the average price being $ 2.46. The average price is about 17.64% higher than Synthetix’s current price.
Synthetix is projected to trade in a price range between $ 8.04 and $ 1.92, with the average price of $ 3.86 throughout the year. The price of Synthetix is expected to increase by 84.52% in 2024 (compared to Synthetix’s current price).
Synthetix is forecasted to change hands in a price channel bound by $ 6.96 on the high end and $ 2.26 on the low end. Synthetix is expected to have an average price of $ 3.86 in 2025, which is about 81.83% higher than Synthetix’s current price of $ 2.09.
The Synthetix price algorithm predicts that SNX will move between $ 4.56 and $ 0.988733 in 2030, with the average price being $ 2.09, about -0.23% lower compared to SNX’s current price.
According to the InvestMage predictions, Synthetix is expected to go up in value by 84.52% by next year. In 2024, the SNX cryptocurrency could trade up 81.83% compared to today. By 2030, Synthetix’s price is expected to decrease by -0.23%, and reach $ 2.09.
The price of Synthetix is algorithmically predicted using historical market price data for SNX and a combination of technical indicators, including RSI, Stoch RSI, SMA50, SMA200, EMA, and several others.
About the Author: Dave N. Clarke
