Introduction to Synthetix Network Token (SNX)
Synthetix Network Token (SNX) is the native cryptocurrency of the Synthetix protocol, a decentralized finance (DeFi) platform built on Ethereum. It enables the creation of synthetic assets (synths) that track the value of real-world assets like currencies, commodities, and stocks. As a utility token, SNX is used for collateralization, staking, and governance within the ecosystem.
Understanding SNX price predictions can be valuable for investors and traders looking to make informed decisions. This analysis provides a detailed forecast based on available data and market trends.
Short-Term SNX Price Predictions
Daily Price Forecast for June 2025
The following table outlines the predicted daily prices for SNX in USD throughout June 2025:
| Date | Price (USD) | Change (%) |
|---|---|---|
| 10 Jun | 0.685 | 4.33% |
| 11 Jun | 0.689 | 0.49% |
| 12 Jun | 0.647 | -6.09% |
| 13 Jun | 0.605 | -6.53% |
| 14 Jun | 0.579 | -4.20% |
| 15 Jun | 0.576 | -0.64% |
| 16 Jun | 0.597 | 3.66% |
| 17 Jun | 0.610 | 2.19% |
| 18 Jun | 0.580 | -4.87% |
| 19 Jun | 0.540 | -6.89% |
| 20 Jun | 0.508 | -5.97% |
| 21 Jun | 0.493 | -2.83% |
| 22 Jun | 0.489 | -0.85% |
| 23 Jun | 0.480 | -1.83% |
| 24 Jun | 0.476 | -0.90% |
| 25 Jun | 0.442 | -7.19% |
| 26 Jun | 0.431 | -2.43% |
| 27 Jun | 0.424 | -1.71% |
| 28 Jun | 0.434 | 2.53% |
| 29 Jun | 0.430 | -0.90% |
| 30 Jun | 0.435 | 1.10% |
Tomorrow's SNX Price Outlook
The predicted price for Synthetix Network Token tomorrow is $0.685 USD**. At the time of writing, the current price is approximately $0.657 USD. The token recently traded within a narrow range of $0.657 to $0.659, representing a minor decrease of -0.15%** from the previous day.
SNX currently holds the 272nd position by market capitalization among all cryptocurrencies. While it remains a notable project in the DeFi space, investors should be aware of its high volatility. The token's price is down 97.69% from its all-time high recorded on February 14, 2021, highlighting the importance of careful consideration before investing.
Medium-Term SNX Price Projections
Weekly Forecast Analysis
Week of June 16, 2025: SNX is expected to trade between $0.489 and $0.610 USD. The week is projected to start at $0.597 per token, potentially declining to $0.489 by week's end—a predicted change of -18.00%.
Week of June 23, 2025: The trading range is forecast between $0.424 and $0.480 USD. Starting at $0.480, the price may decrease to approximately $0.430, representing a -10.37% change.
Week of June 30, 2025: Predictions indicate a range of $0.392 to $0.448 USD. Beginning at $0.435, the token might drop to around $0.392, resulting in a -9.88% change.
Expected Growth Period
According to market analysis, SNX is anticipated to begin a significant upward trend starting Monday, July 7, 2025. This growth period is expected to continue until July 9, 2025, with an overall increase of approximately 9.28%.
Looking further ahead, technical analysis suggests SNX could break the $1.0 USD** resistance level by November 2025 and potentially reach **$2.0 USD by September 2026.
Long-Term SNX Price Forecast
2025 Annual Outlook
The Synthetix Network Token exchange rate throughout 2025 is predicted to range between $0.254 and $1.883 USD per token. The lowest price is expected in October, while the peak may occur in December. By year's end, SNX could reach $1.883 USD, representing a potential annual increase of 173.29%.
2026 Annual Outlook
In 2026, SNX trading values may fluctuate between $0.239 and $3.060 USD. The minimum value is projected for April, with a maximum expected in December. Closing the year at approximately $3.060 USD would indicate a 62.54% yearly gain.
2027 Annual Outlook
The forecast for 2027 suggests a broader range between $0.109 and $2.609 USD. The highest value might occur in January, while the lowest could be seen in November. Ending the year around $0.165 USD would represent a significant decrease of -94.62%.
2028 Annual Outlook
For 2028, predictions indicate a trading range of $0.291 to $0.386 USD. The minimum is expected in January, with a maximum in March. A year-end price of $0.386 USD would suggest a substantial recovery with 134.39% annual growth.
Factors Influencing SNX Price Movements
Several factors can impact SNX's price trajectory, including:
- DeFi Market Trends: As a foundational DeFi protocol, Synthetix's token price often correlates with overall decentralized finance sector performance.
- Protocol Updates: Technical improvements, new feature implementations, and governance decisions can significantly affect investor sentiment.
- Ethereum Network Performance: Since Synthetix operates on Ethereum, network congestion and gas fees can influence platform usage and token demand.
- Regulatory Developments: Changing regulations regarding synthetic assets and DeFi platforms may create price volatility.
- Overall Crypto Market Conditions: Broader cryptocurrency market trends typically influence individual token performances.
Risk Considerations for SNX Investors
While price predictions provide valuable insights, cryptocurrency investments carry substantial risks:
- Market Volatility: Crypto markets are notoriously volatile, with prices capable of dramatic swings in short periods.
- Prediction Limitations: All forecasts are based on historical data and mathematical models, which cannot account for unexpected market events.
- Project-Specific Risks: Technical issues, protocol vulnerabilities, or competitor innovations could impact Synthetix's adoption and token value.
- Regulatory Uncertainty: Evolving regulatory frameworks for DeFi and synthetic assets may create unexpected challenges.
Investors should conduct thorough research, consider their risk tolerance, and never invest more than they can afford to lose. 👉 Explore more trading strategies
Frequently Asked Questions
What is Synthetix Network Token (SNX)?
SNX is the native cryptocurrency of the Synthetix protocol, a decentralized platform that enables the creation of synthetic assets tracking real-world assets. It's used for collateralization, staking, and governance within the ecosystem.
How accurate are SNX price predictions?
Price predictions are based on technical analysis and historical data patterns, but they cannot guarantee accuracy. Cryptocurrency markets are influenced by numerous unpredictable factors, so predictions should be treated as educated estimates rather than certainties.
When is the best time to invest in SNX?
The "best" time depends on individual investment goals, risk tolerance, and market analysis. Some investors prefer dollar-cost averaging (regular investments regardless of price) to mitigate timing risks, while others wait for specific technical indicators.
What is the long-term outlook for SNX?
Long-term projections suggest potential growth through 2025-2026, followed by possible volatility in 2027. However, these forecasts are subject to change based on protocol development, market conditions, and broader adoption of DeFi applications.
How does SNX differ from other DeFi tokens?
SNX has a specific use case focused on synthetic asset creation, which distinguishes it from other DeFi tokens that might focus on lending, borrowing, or decentralized exchanges. Its value is tied to the usage and development of the Synthetix protocol specifically.
Where can I safely store SNX tokens?
SNX is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet. Options include hardware wallets (most secure), software wallets, and some exchange wallets. Always prioritize security measures like two-factor authentication and secure backup of private keys. 👉 View secure storage options