Key Takeaways
- 2025 Prediction: Average SNX price around $0.730.
- 2028 Outlook: Estimated range of $3.20–$3.66, averaging $3.43.
- 2031 Projection: Potential rise to $5.49–$5.95, settling at ~$5.72.
Synthetix Network Token (SNX) powers the decentralized Synthetix platform, enabling synthetic asset trading on Ethereum. Available on major exchanges like Binance and Coinbase, SNX combines governance utility with DeFi innovation.
Market Overview
| Metric | Value |
|---|---|
| Current Price | $0.645 |
| Market Cap | $223M |
| All-Time High | $28.77 (2021) |
| Circulating Supply | 339.46M SNX |
Technical Analysis
| Indicator | Value |
|---|---|
| 50-Day SMA | $0.820 |
| 200-Day SMA | $1.535 |
| RSI (1-Day) | 40.38 (Neutral) |
| Market Sentiment | Bearish |
👉 Explore SNX trading strategies
Price Predictions by Year
| Year | Low ($) | Avg ($) | High ($) |
|---|---|---|---|
| 2025 | 0.472 | 0.730 | 0.848 |
| 2026 | 1.68 | 1.91 | 2.13 |
| 2027 | 2.44 | 2.67 | 2.90 |
| 2028 | 3.20 | 3.43 | 3.66 |
| 2031 | 5.49 | 5.72 | 5.95 |
Investment Potential
Is SNX a Good Investment?
- Pros: Rebranded ecosystem growth, governance utility, and synthetic asset expansion.
- Cons: Historical volatility and questions about stablecoin stability.
Price Targets
- 2025: $1.37 (year-end)
- 2030: $5.18 achievable
- $100? Unlikely within the decade.
FAQs
1. Why is SNX rising currently?
SNX benefits from broader crypto bullishness despite a longer-term downtrend since December 2024.
2. Could SNX reach $5?
Yes, by 2030 if momentum sustains.
3. What’s the highest realistic price for SNX?
Analysts project ~$6.97 by 2031.
👉 Dive deeper into SNX metrics
Recent Updates
- New Perps Markets: Added IP, Kaito, and OM perpetual assets (March 2025).
- Liquidity Pool Updates: 420 adjustments announced in weekly podcast.
Historical Performance
- 2019: ATL $0.03258
- 2021: ATH $28.77
- 2024-25: Corrected to $0.77 range (April 2025).
Analyst Forecasts
| Firm | 2025 | 2026 |
|---|---|---|
| DigitalCoinPrice | $1.68 | $1.96 |
| CoinCodex | $0.848 | $0.695 |
Cryptopolitan’s View: SNX may trade at $5.63 avg by 2031.
Data-driven, volatility-aware investing recommended.