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Synthetix Network Token price

£0.45

SNX icon

Synthetix Network Token price

SNX icon
£0.45
-47.36% past 5 years
1H
24H
1W
1M
1Y
5Y
Market statsLast updated
£154.10M
343M
£10.09M
-£0.42
£19.55
£0.45

Past Performance is not a reliable indicator of future results. Learn more about asset risks.
Pricing data is provided by Kraken.
Trading Fees Apply. Visit our fee schedule for more information.

About Synthetix (SNX)

Synthetix is an alternative way to invest in fiat currencies, cryptocurrencies and commodities. Synthetix is a decentralized protocol built on Ethereum that allows users to gain exposure to assets (cryptocurrencies, gold, stocks) without actually holding the underlying resource. These synthetic assets (Synths) are backed by the platform's cryptocurrency, Synthetix Network Token (SNX), which is staked as collateral in order to generate rewards.

Synthetix Network Token (SNX) Price Today

Synthetix Network Token price today is £0.45.

45,927 SNX was purchased today on Kraken worth £20,621. Check out the SNX chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive SNX price alerts. Kraken lets you buy and sell 428 cryptocurrencies, including SNX. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.

Synthetix Network Token (SNX) Price History

Synthetix Network Token price is -72.93% over the last year. The highest price of SNX in the last year was £2.67 and the lowest price of Synthetix Network Token in the last year was £0.45.

24h
-3.88%
7d
-11.41%
1m
-26.62%
1y
-72.93%

Categories

Kraken classes Synthetix Network Token to be within the following categories: Decentralized Exchange, Exchange-based Tokens, DeFi, Derivatives, Avalanche Ecosystem, Polygon Ecosystem.

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Synthetix Network Token FAQ

Can I trade Synthetix Network Token at a lower price?

Yes, you can choose what price you pay for Synthetix Network Token using Custom Orders on Kraken. If the price of Synthetix Network Token reaches to your desired price, the order will execute automatically.

Is now a good time to buy Synthetix Network Token?

Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Synthetix Network Token over time and not worry about whether or not now is the best time to buy.

What is the daily trading volume of Synthetix Network Token?

45,927 SNX worth £20,621 was traded on Kraken in the last 24 hours.

What affects the Synthetix Network Token price?

A variety of factors affect the price of Synthetix Network Token including market sentiment, technical developments, user adoption and macro economic events.

How do I read the Synthetix Network Token price chart?

To read the Synthetix Network Token price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.

How can I analyze prices with the Synthetix Network Token chart?

Analyzing price movement using the SNX chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.

Synthetix Network Token Dollar Cost Averaging Calculator

See how much value you'd have today if you had dollar-cost averaged into different cryptocurrencies.

Crypto Asset General Risks

  • Investing in crypto assets is risky and each token can have its own set of risks. Below is a list of risks that generally apply to all crypto assets:
  • Volatility: The performance of crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
  • Lack of protections: Crypto asset investments are unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will assist or protect you in the event something goes wrong with your crypto asset investments.
  • Liquidity: Some crypto asset markets may suffer for low liquidity which could prevent you buying or selling your crypto assets at the price you want or expect.
  • Complexity: Specific crypto assets may carry with them specific complex risks that are hard to understand. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.


If you want to learn more about specific risks related to Synthetix Network Token, please visit our crypto asset statements page.

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Synthetix Network Token markets

Explore popular Synthetix Network Token trading pairs on Kraken. You can swap SNX for cash, stablecoins or other digital assets.

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