Current SNX Price Performance (July 2025)
The Synthetix Network Token (SNX) is trading at $0.5955**, reflecting a **+6.16% surge** over the past 24 hours. With a 24-hour trading volume of **$7.7 million across 47 exchanges, SNX demonstrates moderate volatility. Key metrics:
- Opening Price: $0.5539 (+7.51% from open)
- 24-Hour Range: $0.5503–$0.5955
- 30-Day Performance: -19.93% from peak, +23.46% from low
Resistance and Support Levels
- Critical Support: $0.4824 (must hold to avoid downtrend)
Major Resistances:
- $0.8221 (Breakout target)
- $1.18 (Secondary resistance)
- $1.66 (Long-term bullish zone)
SNX Market Capitalization and Ranking
- Market Cap: $68 million (#353 among cryptocurrencies)
- Circulating Supply: 115 million SNX
- Fully Diluted Valuation (FDV): $128 million
Table: SNX Wealth Distribution
| Holder Tier | SNX Held | Percentage |
|-------------|----------|------------|
| Top 10 | 43.9M | 19.14% |
| Top 100 | 24.9M | 10.85% |
| Others | 151.2M | 65.86% |
👉 Trade SNX on leading exchanges
Synthetix Network Token Essentials
Key Features
- Synthetic Assets: Tracks real-world assets (e.g., fiat, commodities) via Synths.
- Decentralized Oracle System: Ensures accurate price feeds.
- Staking Rewards: SNX holders earn fees and inflationary rewards.
Historical Milestones
- 2018: Launched on Ethereum; raised $5.3M in ICO ($0.67/SNX).
- 2021: All-time high of $26.55 (Feb 13).
- 2025: Current recovery phase (+23.46% from 2025 low).
Technical Analysis
| Indicator | Value | Signal |
|------------------|----------|---------|
| RSI (14) | 50.42 | Neutral |
| SMA (20) | 0.5810 | Buy |
| EMA (50) | 0.6505 | Sell |
| Volatility (6M) | 67.78% | High |
Outlook: Neutral-to-buy for short-term traders; long-term investors await breakout above $0.8221.
FAQ
What is Synthetix Network Token used for?
SNX collateralizes synthetic assets (Synths) and enables decentralized trading on Synthetix.Exchange. Stakers earn rewards for maintaining the system.
How does SNX’s staking mechanism work?
Users lock SNX as collateral to mint Synths, receiving a portion of exchange fees and inflation-based rewards.
What risks does SNX face?
High volatility (-71.94% ROI past 6 months) and reliance on Ethereum’s scalability solutions.
👉 Explore SNX staking opportunities
Data accuracy verified as of July 2025. For real-time updates, refer to CoinLore.