Synthetix Network Token SNX Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quick Facts

Synthetix Network Token is a relatively large cryptocurrency. It had a market capitalization of nearly US$ 478 million on 1 October 2020, accounting for about 0.138 percent of the digital currency market.¹^|2 SNX is its ticker symbol.

In April 2018, the gathering of real-time trading data for Synthetix Network Token began on coinmarketcap.com.

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Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of Synthetix Network Token during the first trimester of 2019 equated to nearly US$ 22 k per day.

For the first trimester of 2019, the average market capitalization equated to nearly US$ 3.1 m.

Trading Price

In the first trimester of 2019, the average trading price equated to US$ 0.048764.

The all-time high of Synthetix Network Token in 2020

Synthetix Network Token SNX Price analysis generated by coindashboards.com — Price analysis for the most important moments in Synthetix Network Token’s trading history (SNX)

The price of the Synthetix Network Token currency climbed to a high in September 2020 at US$ 7.86. The equivalent market capitalization of the token reached over US$ 684 million. This put Synthetix Network Token around certain other digital currencies, such as Zcash, Ethereum Classic, Maker, OMG Network and Compound, among others.

Synthetix Network Tokens all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 221 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 2295 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 89 billion.

Synthetix Network Token (SNX): 0.684 bn US dollars
Bitcoin (BTC): 221 bn US dollars
Apple (AAPL): 2295 bn US dollars
VW (VWAGY): 89 bn US dollars
Date: 1 September 2020

More Details

The Synthetix Network Token is not a native digital currency and is not generated through mining. It has no maximum number of tokens, unlike Basic Attention Token, for example.

Synthetix Network Token transactions currently in progress can be tracked using this block explorer, which also displays block height and other recent statistics.

Further details about Synthetix Network Token, including the white paper and other links to source code, community forums and social media channels can be found on synthetix.io.

Markets

Synthetix Network Token SNX Market analysis generated by coindashboards.com — Markets on which Synthetix Network Token (SNX) can be traded

USD

A large market for buying or selling Synthetix Network Token in USD is Binance. There are additional platforms where you can buy or sell Synthetix Network Token, including Bilaxy, MXC (MoCha) and OKEx, among others.

BTC

A large market for buying or selling Synthetix Network Token in BTC is Binance. There are additional platforms where you can buy or sell Synthetix Network Token, including Huobi Global, KuCoin and Coinsbit, among others.

Social Links

You can contact the Synthetix Network Token team directly by going to the following social media channel:

Twitter (@synthetix_io)

^{1. This figure changes to 0.3228 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}