Could you provide me with a concise overview of the potential price movement for Synthetix's SNX token in 2024? Given the recent developments and achievements of the Synthetix platform, such as the successful launch of Perps V2, which achieved significant market traction and revenue, as well as its role in driving Optimism's success, what are the key factors that could influence the SNX price? Do the planned deployments of new versions and cross-chain expansions hold any significant weight in terms of future price projections? Lastly, how might the dynamic funding rate system implemented in Perps V2 affect the market sentiment and ultimately the SNX price?
7 answers
Giuseppe
Thu Jun 27 2024
Synthetix Network's price forecast for the most pessimistic outlook suggests a significant drop in its value.
KimchiQueenCharmingKiss
Thu Jun 27 2024
In the most bearish scenario, Synthetix Network's token, SNX, is expected to be valued at $1.86 in 2024.
Dario
Wed Jun 26 2024
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SoulWhisper
Wed Jun 26 2024
This prediction represents a significant decline from its previous All Time High, which occurred on 13 February 2021.
CherryBlossomPetal
Wed Jun 26 2024
During that period, the SNX token was priced at a peak of $28.53.