Synthetix (SNX) Hits Market Capitalization of $992.53 Million

Synthetix (SNX) traded down 4.2% against the US dollar during the 24-hour period ending at 0:00 AM ET on November 20th. One Synthetix coin can currently be purchased for $3.43 or 0.00009177 BTC on exchanges. During the last week, Synthetix has traded 30.1% higher against the US dollar. Synthetix has a market capitalization of $992.53 million and $142.84 million worth of Synthetix was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded up 0.7% against the dollar and now trades at $0.37 or 0.00000977 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 8.2% lower against the dollar and now trades at $0.0008 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded down 0% against the dollar and now trades at $0.0049 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.9% lower against the dollar and now trades at $0.0083 or 0.00000022 BTC.

Synthetix Coin Profile

Synthetix launched on March 11th, 2018. Synthetix’s total supply is 327,216,769 coins and its circulating supply is 289,253,312 coins. The Reddit community for Synthetix is https://reddit.com/r/synthetix_io and the currency’s Github account can be viewed here. Synthetix’s official Twitter account is @synthetix_io and its Facebook page is accessible here. The official message board for Synthetix is research.synthetix.io. The official website for Synthetix is www.synthetix.io.

According to CryptoCompare, “Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on Ethereum. It allows the creation and trading of synthetic assets collateralized by SNX, used for hedging, gaining exposure to diverse assets, and trading on the price movements of real-world assets. SNX stakers are incentivized to contribute to the network and capture fees generated from Synth exchanges, which determine the value of the SNX token.”

Buying and Selling Synthetix

It is usually not possible to buy alternative cryptocurrencies such as Synthetix directly using US dollars. Investors seeking to trade Synthetix should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Synthetix using one of the aforementioned exchanges.

SNX/USD price chart by TradingView