Crypto Price Predictions
The Price Prediction section provides background on bitcoin and selected altcoins including overview, founding history, current developments, features, price history, technical analysis and much more. Price predictions cover longer periods. Frequently asked questions are clarified at the end of each coverage.
Cryptocurrency Price Prediction faq
IS SYNTHETIX (SNX) A GOOD INVESTMENT?
Yes, analysts agree SNX price will rise long term.
WHERE CAN I BUY SNX?
You can buy SNX on Binance, Coinbase PRO, Gemini, OKEx, and Uniswap (V2).
IS THERE A RISK-FREE WAY OF STAKING SNX?
The debt carried when staking fluctuates based on the current value of the issued synths. Imagine a trader making a profit of $50 by going sBTC and then selling to sUSD after sBTC has risen. This $50 profit is "paid" to the trader by issuing debt on all stakers proportionally to their stake. Being a staker is like owning a small part of a B-book exchange. You gain money from fees, from traders who make bad trades, and you lose money from traders who make good trades. Additionally, there's an inflationary SNX reward to mitigate the low volume on the platform since it's not feature-complete. Learn more about SNX staking from their Discord channel.
WHAT'S MINTR?
Short Synths are called “inverse Synths” and are prefixed with an “i.” When a user wants to mint a Synth, they need to use the Synthetix native platform token, SNX, as collateral. The minting platform is called Mintr.
