Synthetix Price Prediction: SNX Up 20% in 24H, Is A Push Above $2 Coming Today?
The worth of SNX has gone up by 20% in the previous 24 hours because the undertaking’s $1 million buying and selling competitors kicked off immediately. Alongside the upcoming launch of its perpetual futures buying and selling platform, the beginning of this occasion favors a bullish Synthetix price prediction.
In late September, Synthetix launched this advertising and marketing effort to draw customers to its decentralized perps buying and selling venue.
Synthetix Trading Competition on Ethereum Mainnet launches October 20.
$1,000,000 prime prize
Let’s go!
— Synthetix
(@synthetix_io) October 2, 2025
A whole of 100 merchants will compete for the glory and a grand prize of $1 million. Synthetix will announce the winner in November.
The SNX token has been performing positively forward of the launch of this competitors. In the previous 30 days alone, the token has jumped by 143% because the neighborhood is worked up by the launch of Synthetix’s DEX.
Meanwhile, in the previous 24 hours alone, buying and selling volumes have exploded by 269% to $398 million. This determine accounts for 70% of the token’s circulating market cap.
Synthetix Price Prediction: SNX Bounced Off $1.3 with Strong Volumes
The day by day chart reveals that SNX encountered promoting stress lately because it hit $2.4. However, a powerful demand zone oppped up at $1.3, as this worth space acted as a cushion throughout the newest pullback.
Now, a transfer to $2 appears inevitable, and immediately’s sturdy volumes affirm a bounce off this space. This may set in movement a transfer to a lot increased floor over the approaching weeks.
If this DEX satisfies merchants’ expectations, the platform may compete with long-standing gamers in the market like Hyperliquid and the lately launched Aster.
This favors a bullish outlook that would find yourself pushing SNX above the $3 barrier. The token may even attain $6 if bullish momentum retains accelerating.
Alongside Synthetix, a brand new crypto futures trading platform referred to as Coin Futures is making it simpler for newcomers to guess on the place the worth of their favourite cryptocurrencies will go in the long run.
Access 1000X Leverage and Top Auto-Trading Features with CoinFutures
CoinFutures makes issues easy by launching a user-friendly futures buying and selling platform that permits you to open lengthy and brief positions in your favourite tokens with just some clicks.
Simply register with an e-mail and username to begin. Upon making your first deposit, you can begin inserting trades on prime tokens like Bitcoin (BTC) and Ethereum (ETH).
Simply click on on “Up” and “Down” relying on which path you assume the worth goes. Then select the quantity you wish to commerce, and choose how a lot leverage you wish to use. With simply $10, CoinFutures helps you to increase your place to as much as $10,000.
You can use the platform’s auto-trading instruments to set your perfect entry and exit costs for every commerce and money out routinely if you happen to hit these thresholds.
To register on CoinFutures, merely head to the official CoinFutures website and hit the “Register” button.
You could make your first deposit with cryptos like USDT or ETH, or use a financial institution card as an alternative to fund your account.
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