Bitcoin Cash, Ethereum Classic, Synthetix Price Analysis: 18 April

The bearish pressure across the market had not yet relinquished its grip.

Litecoin, Ethereum Classic, Synthetix Price Analysis: 17 April

Litecoin and Synthetix traded between individual ascending channels, but a bullish broader market could delay the breakdowns over the coming sessions.

EOS, Synthetix, Maker Price Analysis: 16 April

EOS can be expected to find strong support around the $6.8-zone.

Monero, Synthetix, Maker Price Analysis: 14 April

Monero formed yet another symmetrical triangle and a breakout could go as high as $370.

Tron, Tezos, Synthetix Price Analysis: 12 April

Tron was expected to move lower from its ascending channel but only after the price touched $0.139.

Ethereum, VeChain, Synthetix Price Analysis: 11 April

Ethereum showed a bearish divergence and dropped below $2100 but found good demand.

Polkadot, CRO, Synthetix Price Analysis: 09 April

Historically, the altcoin market has shared a strong correlation with the price performances of Bitcoin.

Polkadot, Synthetix, DigiByte Price Analysis: 07 April

For much of April, the leading narrative has been one set by the market's altcoins, with quite a few of the industry's cryptos surging up the charts despite Bitcoin resorting to trading within a tight The post Polkadot, Synthetix, DigiByte Price Analysis: 07 April appeared first on AMBCrypto.

Binance Coin, Synthetix, Crypto.com Coin, Stacks Price Analysis: 06 April

Binance Coin noted bullish price behavior as it approached the $400-mark.

XRP, EOS, Synthetix Price Anaylsis: 04 April

XRP cushioned losses at $0.57-support after getting rejected at the upper ceiling of $0.63.

Ethereum, Dogecoin, Synthetix Price Analysis: 03 April

Ethereum broke past its previous ATH and the rising ETH/BTC saw altcoins do well over the past couple of days as well.

Tron, Synthetix, Compound Price Analysis: 01 April

Tron and Compound reported strong gains made in recent days, with TRON gaining by nearly 40% in the span of 48 hours.

Cosmos, Bitcoin SV, Synthetix Price Analysis: 29 March

Cosmos transitioned away from a descending channel and tested $19.9-resistance at the time of writing.

Tron, Synthetix, STEEM, FTX Token Price Analysis: 23 March

As market leaders Bitcoin and Ethereum moved deeper into the bearish zone, other altcoins registered losses and scrambled to find support at various levels.

Chainlink, Aave, Synthetix Price Analysis: 22 March

Chainlink witnessed a bearish divergence between price and momentum and was forced to pull back to $29, and could go further south.

Tron, Monero, Tezos, Synthetix Price Analysis: 20 March

Gains over the past 24 hours saw Tron rise to a multi-year high above $0.066.

Ethereum, Synthetix, Compound Price Analysis: 18 March

Ethereum successfully defended a level of support, but it still faced resistance from $1,880 and demand from buyers was not yet strong enough to propel the price past the same.

EOS, Synthetix, SUSHI Price Analysis: 16 March

EOS attempted to regain the 38.2% Fibonacci level, but might need to negotiate some selling pressure to maintain the aforementioned level.

Cardano, Synthetix, Ontology Price Analysis: 13 March

Bitcoin reached an ATH of $59,900 at the time of writing and was receding back toward $59,000.

Bitcoin SV, Synthetix, Nano Price Analysis: 10 March

Bitcoin SV lacked the volatility to break above its press time resistance level, with the crypto projected to move within its press time channel.

Uniswap, IOTA, Synthetix Price Analysis: 08 March

Uniswap cooled off from record levels and tested the newly turned $32 support line at the time of writing.

Cardano, EOS, Synthetix Price Analysis: 07 March

Cardano moved deeper into the red zone but the bulls held on to the crucial 61.8% Fibonacci retracement level.

Chainlink, Synthetix, Verge Price Analysis: 05 March

The altcoin market showed that market bears were in the ascendancy over the past week, with the same likely to continue over the next few days.

Tezos, Synthetix, Dogecoin, DigiByte Price Analysis: 03 March

Tezos registered a breakout above its horizontal channel as trading volumes surged over the last 24 hours.

Chainlink, FTX Token, Synthetix Price Analysis: 01 March

Chainlink was trading within a region of supply as bulls sought to flip it into an area of demand.

XRP, Tron, Synthetix Price Analysis: 28 February

After Bitcoin lost out on the $45,000 mark, the broader market witnessed another sell-off and most altcoins registered losses in the last 24 hours.  Such was the case with XRP, Tron, and Synthetix, w The post XRP, Tron, Synthetix Price Analysis: 28 February appeared first on AMBCrypto.

6 Questions for Kain Warwick of Synthetix

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Kain Warwick, the founder of Synthetix. Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum.

Monero, Ontology, Synthetix Price Analysis: 26 February

Monero was treading water around the $200-level, with the crypto likely to give way to a wave of selling pressure.

Tron, Synthetix, Crypto.com Coin Price Analysis: 25 February

While Bitcoin, the world's largest cryptocurrency, does have an overwhelming influence on the performance of the market's alts, the said influence isn't uniform or consistent in any way.

Tezos, Synthetix, Verge Price Analysis: 24 February

Tezos broke above the 0.5 Fibonacci level and targeted the 0.618 and 1-levels on the back of its bullish on-chain metrics.

Stellar Lumens, Synthetix, Decred Price Analysis: 22 February

Stellar Lumens showed a lack of momentum as it slowly slid beneath the $0.5 level and retested it as resistance.

Cardano, Crypto.com Coin, Synthetix Price Analysis: 21 February

Cardano broke out past the $1 level and retested it as support, and eyed $1.34 as a target.

Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally well in 2021 as increases in trading volumes results in a larger pool of fees to collect when the exchange’s native token is used for settlement.

Bitcoin Cash, Synthetix, Dogecoin Price Analysis: 17 February

Bitcoin Cash was trading just above its 20-SMA, with its market resting with the buyers.

Synthetix might re-enable sKRW Synths on Curve to arbitrage Kimchi premium

Popular DeFi protocol Synthetix might soon re-enable its sKRW Synth that tracks the price of the Korean Won. According to a new proposal called SIP-113, Synthetix will reintroduce the previously de The post Synthetix might re-enable sKRW Synths on Curve to arbitrage Kimchi premium appeared first on AMBCrypto.

Binance Coin, Cosmos, Synthetix Price Analysis: 15 February

A medium-term correction for Bitcoin could spell further losses for altcoins across the board, but the $46,000 mark and the $44,400 mark will likely see buyers step in.

Coinbase Ventures, Paradigm Invest $12M in Synthetix DeFi Platform

Three prominent venture capitalist firms bought tokens directly from the DAO's treasury.

Ethereum, EOS, Synthetix Price Analysis: 14 February

Ethereum cushioned its losses a $1,772 support and was projected to snap a newer record high in the coming sessions on the back of bullish indicators.

Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG

As the community debates VCs participating in DAOs, Synthetix welcomes three new community members The Synthetix DAO has added some new, perhaps surprising voices to its governance.  Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG.

Synthetix votes to introduce asset providing on-chain exposure to Tesla Shares

Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares.

Litecoin, Synthetix, VeChain Price Analysis: 10 February

Litecoin was not too far away from the $200-level, with LTC projected to surge above that mark over the next few trading sessions.

Ethereum, Synthetix, Compound Price Analysis: 08 February

Ethereum cushioned its losses at the $1,536 support as the bulls targeted a rise above the 20-SMA.

XRP, Synthetix, SushiSwap Price Analysis: 07 December

XRP was in a phase of consolidation in the vicinity of $0.43.

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The DeFi market has corrected hard as Bitcoin dropped below $40,000, but analysts say a recovery is likely. The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past week. 1-hour candle DeFi index (Binance).

Polkadot, Synthetix, Uniswap Price Analysis: 04 February

Polkadot broke out past a range it was trading in over the past few weeks and targeted the $23.6 mark.

Ethereum posts new highs as DeFi gas fees top $1,000 on complex protocols

With Ethereum’s fees rocketing to new highs amid Ether’s rally into new price highs, the fees associated with using some complex DeFi protocols has increased above $1,000.

Polkadot, Synthetix, VeChain Price Analysis: 01 February

Polkadot traded within a range and showed short-term bearish pressure while Synthetix closed beneath a bearish reversal pattern.

Chainlink, Synthetix, Decred Price Analysis: 31 January

Chainlink traded at the mid-point of its immediate resistance and support but flashed bearish signals at press time.

XRP, Synthetix, Decred Price Analysis: 30 January

At the time of writing, Bitcoin was back at square one trading within the $32,000-$34,000 range, after the Elon Musk-inspired hike exhausted itself.

Monero, Synthetix, DigiByte Price Analysis: 29 January

With Bitcoin continuing to consolidate between the $33,000 and $35,000 price levels at press time, there was a slight lack of bullish momentum in the crypto-market, when compared to previous weeks.

Binance Coin, Synthetix, Zcash Price Analysis: 27 January

Binance Coin was trading within a restricted channel and it awaited further direction from the broader market for a breakout.

XRP, Tron, Synthetix Price Analysis: 25 January

XRP formed a bullish reversal pattern and was set to test the $0.3 level of resistance over the next few days.

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC's correction is over.

DeFi Coins Boom as Crypto Market Recovers

The crypto market appears to be recovering, with strongest gains made by coins powering DeFi protocols.

Bitcoin Cash, Synthetix, Dash Price Analysis: 23 January

Bitcoin Cash traded close to the $426.4-support level and awaited cues from Bitcoin for a definitive move forward.

Bitcoin Cash, Synthetix, Algorand Price Analysis: 21 January

Bitcoin Cash, Synthetix, and Algorand posted losses over the past few hours as Bitcoin saw a wave of selling pressure.

Bitcoin Cash, Synthetix, Ontology Price Analysis: 20 January

Bitcoin Cash eyed a move towards the $469.4-support level as the price moved south from its 20-SMA and 50-SMA.

Perpetual Protocol emerges as sixth-largest DEX after just one month

Despite executing 179,000 transactions during its first month of operation, the xDai-powered Perpetual Protocol spent just $183 on gas fees. Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month. Based on data from Dune Analytics shared by Perpetual Protocol, the DEX’s weekly trade volume of more than $299 million would rank the project above the likes of Synthetix, dYdX, and Kyber, and below Balancer. The milestone was shared in a blog post celebrating the project’s first month of operation — a period in which the DEX drove more than $500 million in total volume and generated more than $500,000 in trading fees.

Cardano, Synthetix, Dogecoin Price Analysis: 18 January

Cardano could lose the $0.36 support and head towards the next barrier if sellers take control.

Binance Coin, Dash, Synthetix Price Analysis: 17 January

Binance Coin looked to revisit $38.72 as the price failed to hold up above its present resistance.

Cardano, Ontology, Synthetix Price Analysis: 16 January

Cardano bounced back from the $0.29-support level and targeted a break above its press time resistance, while the indicators confirmed the possibility of a bullish outcome.

Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’

For DeFi believers, vindication has been every bit as profitable as it’s been sweet Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great Repricing.” DeFi investors, users, and builders have long argued that the sector writ large is wildly undervalued relative to other cryptocurrency projects given DeFi projects’ growing userbases, cash flows from protocol fees, and high levels of activity compared to “zombie chain” layer-1 networks scattered throughout the top of the marketcap rankings.

Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix

A potential fix for Ethereum's costly congestion problems.

Someone Moved $1 Billion on Ethereum for Just $7

Over $1 billion worth of Synthetix Network Tokens was moved today for a transaction fee of just $7.54.

The Ethereum network is being turbocharged by layer-two solutions

With Ethereum transaction fees still high, more layer-two powered platforms are emerging. The number of decentralized exchanges running layer-two solutions is growing as the Ethereum network struggles to keep up with its own popularity. As excessive Ethereum gas prices continue to hamper smaller transactions and operations on the network, the number of faster and cheaper options continues to expand as layer-two adoption increases.

Cardano, Synthetix, Cosmos Price Analysis: 13 January

Cardano entered a consolidation phase as its price refused to lean in either direction, with ADA taking its guidance from market leaders Bitcoin and Ethereum.

SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip

Despite the ongoing market correction, DeFi tokens Synthetix Network Token and Aave maintains stable price momentums.

Charted: Why Synthetix’s SNX Could Rally To $20 While Bitcoin Corrects

Synthetix (SNX) remained in a bullish zone above $15.00, despite pullbacks in bitcoin and ethereum against the US Dollar.

Multiple Tokens See Rally Amid Looming ‘Alt Season’

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

Synthetix (SNX), Compound (COMP) and Maker (MKR) soar as Bitcoin stabilizes

Synthetix, Maker, and Compound surge as the DeFi market rallies strongly after Bitcoin price recovers. On Jan.

Litecoin, Synthetix, Ethereum Classic Price Analysis: 11 January

Litecoin dropped as the selling pressure on Bitcoin mounted.

Bitcoin Cash, Synthetix, IOTA Price Analysis: 10 January

The Bitcoin forks made massive moves in the market.

Binance Coin, Synthetix, Decred Price Analysis: 09 January

Altcoins BNB and SNX showed bearish signals at the time of writing as sellers maintained control of the prices, while DCR projected a northbound move after a minor pullback in prices. Binance Coin [B The post Binance Coin, Synthetix, Decred Price Analysis: 09 January appeared first on AMBCrypto.

Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival

Tezos, Synthetix and Yearn finance are the most recent top performers in what appears to be a DeFi sector revival. The strength of Bitcoin's (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today.

Stellar Lumens, Synthetix, Loopring Price Analysis: 06 January

Synthetix and Loopring followed market frontrunners Bitcoin and Ethereum's suit by surging on the price charts, before minor corrections halted their movements.

DeFi dynasty? Synthetix co-founder’s siblings reveal blockchain game project

A new game project from the brothers of Synthetix co-founder Kain Warick incorporates DeFi and NFT elements. A fledgling blockchain-based game project called Illuvium has already managed to attract support from major industry backers — a development owed in part to the fact that Illuvium co-founders Kieran and Aaron Warwick are the brothers of Kain Warwick, the co-founder of decentralized finance (DeFi) platform Synthetix. In a tweet on Friday, Kain announced that “after two years of pressure,” his brothers were revealing to the world a blockchain-based game: Extremely excited that after years of pressure two of my brothers are launching a crypto NFT game @illuviumio.

Cardano, EOS, Synthetix Price Analysis: 03 January

Bitcoin has had a positive impact on many of the market's altcoins.

Ethereum, Synthetix, Dogecoin Price Analysis: 02 January

Ethereum reached a high of $759, a value ETH previously held in April 2018.

Tron, Synthetix, DigiByte Price Analysis: 31 December

After a few weeks of substantial price movement on the charts, many of the market’s altcoins are now seeing their values stabilize.

Bitcoin Cash, Synthetix, DigiByte Price Analysis: 27 December

At the time of writing, Bitcoin had surged past $27,000 and it was on its way to breach yet another price level - $28,000.

Ethereum Classic, Synthetix, Crypto.com Price Analysis: 24 December

Bitcoin's $23,000 price breach lifted the broader altcoin market over the past week.

SNX price soars 100% in December — What's driving the rally for Synthetix?

There are several factors why SNX is seeing some impressive gains over the past month. SNX, the native token of Synthetix, a DeFi derivatives protocol, has been surging throughout the past week and is now worth over $7.87 as of Dec.

Synthetix (SNX) Hits Record High amid DeFi Correction; Here’s Why?

Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower.

Chainlink, Dash, Synthetix Price Analysis: 23 December

Bitcoin rose above $23,000 once more but the altcoin market posted losses over the same time period.

Synthetix (SNX) Gains 4% Despite Strong Drop in Ethereum Price

Ethereum (ETH) and a majority of other large-cap crypto assets have faced strong corrections over the past day.

Curve Finance wants to promote euro stablecoins in DeFi

A new pool allows European and Asian users to avoid US dollar exposure. Decentralized stablecoin exchange Curve Finance has added the euro as a secondary currency option following demand from users. As announced in a tweet on Sunday, Curve now has a liquidity pool for switching between the Stasis Euro (EURS) stablecoin and a synthetic euro, sEUR, on the Synthetix derivatives platform.

Stellar Lumens, Synthetix, Nano Price Analysis: 20 December

Stellar Lumens was in a consolidation phase after its strong performance in November.

Tron, Synthetix, Crypto.com Coin Price Analysis: 18 December

Bitcoin's market dominance was on display over the past 10 days after the larger crypto-market rallied on the back of BTC's performance on the price charts.

Dictators turn delegates: Former CEOs grapple with DAO governance

"A DAO is merely a formalizing of very deep and instinctive human bonds that I think have been suppressed." One morning in July of 2019, Kain Warwick awoke at 6:30 to a grim phone call from his co-founder and CTO, Justin Moses. We have a problem, said Moses. Synthetix, the synthetic asset protocol that Warwick, Moses, and their team had been building for over two years, had fallen victim to a crippling exploit: an attacker with the pseudonym Onyx had created $11 billion of synthetic asset debt over 275 times what Synthetix was worth and was taunting team members and sowing chaos in public channels. These days, time and success seem to have tempered what Warwick freely admits is a fiery disposition.

DeFi tokens rally while Bitcoin bulls attempt to flip $19.5K to support

A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg.

Litecoin, IOTA, Synthetix Price Analysis: 9 December

The bearish market sentiment was reflected by Litecoin and IOTA as they dropped strongly beneath support over the past 24 hours.

Synthetic assets get real: competition for scalability, new markets heats up

Two new synthetic asset and derivatives platforms look to take a slice of Synthetix’s pie Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders.

Binance Coin, Synthetix, Nano Price Analysis: 06 December

Binance Coin could be set to lose the level of support at $29 to the market's bears over the next few days after noting a lack of buying volume over the past two weeks.

Synthetix's sUSD listed on Binance's Innovation Zone

Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading.

Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL

The creators of the stablecoin platform Terra are launching Mirror Protocol, a way to mint crypto assets that mimic US stocks.

Bitcoin Cash, Synthetix, Dash Price Analysis: 30 November

After a brief correction phase, Bitcoin rose past $18,000 once again, with the cryptocurrency trading at $18,501, at the time of writing.

XRP, Synthetix, Crypto.com Coin Price Analysis: 23 November

It is unusual, to say the least, to see a top-10 market cap cryptocurrency double in value in days, however, XRP did indeed pull off this feat.

Tezos, Synthetix, FTX Token Price Analysis: 21 November

Bitcoin's Dominance had fallen to 66.36% at press time, having reached a high of 67.6% a few days ago.

Chainlink, Synthetix, Stellar Lumens Price Analysis: 17 November

Bitcoin decisively climbed past the $16,000 level as buyers overwhelmed the market in the wake of extremely positive sentiment toward the biggest crypto.

Cardano, Synthetix, Dash Price Analysis: 16 November

Bitcoin's dominance, alongside Bitcoin's own price, was rising steadily and stood at 65.58%, at press time.