SNX is the native cryptocurrency of the Synthetix Protocol, an Ethereum-based decentralized finance (DeFi) platform that enables the creation and trading of digital assets that mimic the value of real-world assets (RWAs) such as fiat currencies, commodities, stocks, and cryptocurrencies.
Analysts are forecasting massive growth potential for the SNX token, and our in-depth technical analysis indicates that it is a credible cryptocurrency investment, but one that is facing short-term volatility. In this article, we will delve into the key metrics and statistics supporting our opinion on SNX, which also includes a price prediction for the cryptocurrency from 2025 to 2030.
What Is Synthetix and How Does the SNX Token Work?
Synthetix is a DeFi protocol built on the Ethereum blockchain that supports the creation, trading, and management of digital assets known as “Synths”, which track the value of RWAs, such as fiat currencies, commodities, stocks, and cryptocurrencies, without requiring the user to actually own the underlying assets. The protocol’s native SNX token is used as collateral to mint the synthetic assets.
Users lock up SNX as collateral in smart contracts to mint Synths, which include sUSD (Synthetic USD), sBTC (Synthetic Bitcoin), and sXAU (Synthetic gold). The value of the locked SNX must be significantly higher than the value of the minted Synths to ensure that the platform is stable and can protect users against price volatility. These Synths can be traded on decentralized exchanges like Kwenta, allowing users to gain exposure to a wide range of RWAs without holding the actual asset.
SNX stakers are rewarded with a portion of the platform’s transaction fees and additional SNX tokens, incentivizing liquidity and participation in the ecosystem. The cryptocurrency also serves as Synthetix’s governance asset, giving holders voting rights to dictate protocol decisions and parameter adjustments.
Synthetix (SNX) Tokenomics and Key Statistics
| Total Supply | 339.88 Million SNX |
| Circulating Supply | 339.46 Million SNX |
| All-Time High | $28.77 (February 2021) |
| All-Time Low | $0.03258 (January 2019) |
Synthetix (SNX) Exchange Listings
SNX tokens can be purchased, traded, and sold on the following cryptocurrency exchanges:
- Binance (SNX/USDT and SNX/TRY)
- Uniswap V3 – Optimism (WETH/SNX)
- Bybit (SNX/USDT)
- Coinbase (SNX/USDT)
- Upbit (SNX/BTC)
- OKX (SNX/USDT)
- Bitget (SNX/USDT)
- MEXC (SNX/USDT)
- Gate.io (SNX/USDT)
Synthetix (SNX) Current and Historic Price Analysis
At press time, SNX is trading at $0.6378, with its price having declined by 4.13% over the past 24 hours. Its market capitalization stands at $216.24 million, with a 24-hour trading volume of $25.3 million. SNX is ranked #176 on the list of top 200 cryptocurrencies.
However, SNX is down 97.77% from its all-time high valuation of $28.77, recorded in February 2021, but it is up 1,867% from its all-time low of $0.03258, registered in January 2019. The token’s price has declined 14.44% in the last 7 days and by 6.03% over the past 30 days.
Synthetix (SNX) Risk Analysis
Synthetix (SNX) token’s price is down 78% over the previous 12 months, and it was outperformed by 97% of the top 100 crypto assets during that period. Compared to its price, Bitcoin (BTC) and Ethereum (ETH) gained 84.96% and 60.97% in value, respectively.
Synthetix (SNX) Price Prediction
As per our SNX price prediction analysis, the token’s price is expected to drop by 5.16% in the next 30 days. Technical indicators suggest that the current market sentiment for SNX is “Bearish,” while the Fear & Greed Index is showing 59 (Greed). Synthetix has traded 18 out of 30 days (60%) in the green with a price volatility of 7.36% over the previous months. Based on our forecast, it is not a recommended time to invest in SNX.
*Note: The current and future prices of the token mentioned in this article are subject to market conditions. Thus, these predictions should not be the sole defining factor for your investment choice.
Synthetix (SNX) 2025 Price Prediction
Technical analysis-based forecasts indicate that in 2025, SNX is expected to change hands in the trading channel between $0.56869 and $0.675562, with an average annualized price of $0.600023. This could result in a potential ROI on the investment of 6.20% compared to the token’s current market rate.
| MONTH | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| May 2025 | $0.608833 | $0.635202 | $0.675562 |
| Jun 2025 | $0.573557 | $0.588565 | $0.610503 |
| Jul 2025 | $0.584877 | $0.597395 | $0.616021 |
| Aug 2025 | $0.598934 | $0.610633 | $0.622183 |
| Sep 2025 | $0.596522 | $0.60688 | $0.628689 |
| Oct 2025 | $0.594733 | $0.598799 | $0.605654 |
| Nov 2025 | $0.574616 | $0.590613 | $0.602968 |
| Dec 2025 | $0.56869 | $0.572096 | $0.577144 |
Synthetix (SNX) Price Prediction 2025-2030
Based on our technical analysis and the current price statistics, in 2030, SNX is expected to change hands in a trading channel between $0.043862 and $0.227509, with an average annualized price of $0.103883. This could result in a potential ROI of -64.27% compared to its price at press time.
Let’s take a closer look at the prices at which SNX could change hands between 2025 and 2030.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2025 | $0.56869 | $0.600023 | $0.675562 |
| 2026 | $0.54692 | $0.559044 | $0.58353 |
| 2027 | $0.547127 | $0.553568 | $0.56576 |
| 2028 | $0.545841 | $0.553571 | $0.568437 |
| 2029 | $0.15307 | $0.39256 | $0.689167 |
| 2030 | $0.043862 | $0.103883 | $0.227550 |
Is Synthetix (SNX) a Safe Cryptocurrency Investment?
SNX is the native cryptocurrency of the Ethereum-based DeFi real-world asset (RWA) trading platform Synthetix, which allows users to collateralize the token to issue digital assets called “Synths” that track fiat and crypto currencies, commodities, stocks, and real estate.
As per our technical analysis, SNX has traded 18 out of 30 days (60%) in the green, and has a Fear & Greed Index score of 59 (Greed), indicating that it is a cryptocurrency with a lot of ongoing demand. However, the market sentiment towards SNX is currently “Bearish”, which can be linked to its underperformance over the past year, with its price down 78% year-to-date and being outperformed by 97% of the largest cryptocurrencies.
Based on our forecast, in 2025, SNX is expected to change hands between a yearly low of $0.56869 and a yearly high of $0.675562, with an average annualized price of $0.600023. Meanwhile, by 2030, we can expect a massive downtrend in the SNX market, with the token trading between $0.043862 and $0.227509. While this may seem negative to potential investors, it should not be taken as the final verdict, as Synthetix’s performance is based on broader market conditions and the growth of RWAs in the DeFi space.
The contents of this article are for informational purposes and should not be considered financial or investment advice. It is recommended that investors conduct their own research into the SNX token and the Synthetix Protocol and seek expert opinion before investing.