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Synthetix Network Token (SNX)

Live Synthetix Network Token (SNX) Price

The StormGain Live Synthetix Network Token Price Index provides the latest SNX price in Tethers (USDT) using an average from the world's leading exchanges.

SNX/USDT Price Chart

The SNX/USDT price chart shows the latest price changes in different timeframes and views: the candlestick chart, line chart and area chart

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Buy, sell and exchange Synthetix Network Token

StormGain allows you to buy, sell and exchange Synthetix Network Token using data from the live SNX price chart to inform your trades.

What is SNX?

SNX is an Ethereum based token that powers the Synthetix network, a decentralised asset issuance protocol. Network users can create synthetic assets called 'Synths' on the Ethereum blockchain. Synths help track and earn from the value of their underlying asset without the need to hold the asset itself. Like Gold and Silver indices on StormGain, owning a Synth isn't equivalent to owning the underlying asset. They only provide exposure to the value. 

Synthetix Network Token price history

SNX price history began in 2018 when it was first listed on exchanges. The starting price of SNX on CoinMarketCap was $0.43 but traded lower to $0.03 before the end of 2018. In September 2019 the SNX uptrend began. It set a new high at around $1.50, and almost a year later, it grew to $8 per coin. The price retraced to around $2 close to the end of 2020 before resuming the upward trend. In 2021, SNX set a new all-time high at $28.77. 

Synthetix Network Token price prediction

SNX future price isn't clear and precise, but given the renewed interest in cryptocurrency and the blockchain network, there will be more applications for the technology that powers Synthetix. To learn more about Synthetix Network Token's future prices, check out our detailed SNX price prediction here.

Signals for Synthetix Network Token trading

Make cryptocurrency trading decisions based on StormGain's trading signals. Each Buy or Sell signal has two main indicators — profitability and probability — to help you make sound decisions. The signals are available for free immediately after you register.

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What affects the price of Synthetix Network Token today?

The price of SNX today is constantly changing, much like other assets in the crypto market. This constant flux is due to several factors like demand for the token, major news or partnerships with top firms, general crypto market sentiment, supply and demand, price action and more. All of these factors fall under two main technical categories (which are especially important for price analysts and investors). These categories are fundamental and technical analysis, both of which are instrumental to predicting price movement.

How can I buy Synthetix Network Token (SNX)?

To buy Synthetix Network Token on StormGain, all you need to do is fund your account. You can do that in several ways:

  • Deposit via crypto wallet with no charge fee.
  • Deposit using Visa or Mastercard via Simplex or Koinal (USDT).
  • Deposit via bank transfer.

Once you've completed your deposit, head over to the trading platform to buy SNX. 

How to sell SNX

To sell Synthetix Network Token, you first have to own the cryptocurrency by funding your account. You can do that in several ways:

  • Deposit via crypto wallet with no charge fee.
  • Deposit using Visa or Mastercard via Simplex or Koinal (USDT).
  • Deposit via bank transfer.

Once you've completed your deposit, head over to the trading platform to sell SNX. 

How to exchange SNX

To exchange SNX, first make sure you have enough funds to exchange it. Navigate to the 'Exchange' window, select the asset you want under 'To wallet', then input the amount you wish to exchange under 'From wallet'. At the bottom of the exchange platform, you'll see a calculator that tells you how much your asset is worth and the commission fee. 

How to start Synthetix Network Token trading

To begin SNX trading on StormGain, fund your account with at least the minimum deposit amount. You can do that easily with your bank card or via a direct crypto deposit into your wallet. Once you confirm funds in your account, head over to StormGain's trading platform and select SNX from the list of instruments to begin trading.