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Why SNX Can Be a Good Option for Your Investment Portfolio?

May 12, 2023 2 min read

What is SNX?

The Synthetix team is working on the creation of a decentralized liquidity provision protocol. Deep liquidity and low fees power the composable financial instruments that are used by the majority of decentralized exchanges such as Uniswap, 1Inch, and similar. SNX can be swapped for more than 2,300 coins and tokens on LetsExchange.io.

What are the main market indicators of the token?

The project was launched in 2017. The total market capitalization of SNX is $590,255,917, with an all-time low of $0.03258, and an all-time high of $28.77. Now the project is ranked 71. Now, the SNX token is available for swaps on LetsExchange.io.

What else makes us believe that SNX may be a wise investment?

Synthetix provides a wide array of tools and instruments to make crypto more accessible and ensure the liquidity level in the market is sufficient for daily activities.

The team behind the project consists of experts in the field. The project founder Kain Warwick is a founder of Pouncer, a live auction site, and he used to work on creating several other projects. Peter McKean, the project’s CEO, worked for ICL Fujitsu before shifting to blockchain and crypto.

The project’s potential is undeniable, thus, SNX is a good investment in the long term.


The SNX website is visited by over 158К visitors. The project has over 230K followers on Twitter.