Two Crucial Reasons Why DeFi’s Synthetix Network Token Is Nearing $5

Two Crucial Reasons Why DeFi’s Synthetix Network Token Is Nearing $5

DeFi After a brutal past three to four weeks, DeFi coins are bouncing back. Synthetix Network Token (SNX), the native token of leading decentralized derivatives platform Synthetix, has gained 7.9% in the past 24 hours. The coin is now nearing $5 after spending some time under that pivotal price point. It seems that there are […]


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SNX, the native token of the Synthetix Network, has been on the rise, gaining more than 35% in the past week. The cryptocurrency continues to exhibit strong bullish momentum, having registered a positive market performance over the past few weeks. SNX’s recent price surge has been linked to the positive sentiment surrounding the Synthetix network. A few days ago, the protocol announced its plan to release a new decentralized exchange (DEX). Related Reading: Dogecoin Engagement Fails To Impress, Raising Concerns About Broader Interest Synthetix Token Tallies 35% In One Week – Price....