Synthetix Network Token buy ElectricPlayer
Summary
This prediction ended on 09.12.22 with a price of €1.79. The BUY prediction by ElectricPlayer for Synthetix Network Token performed very badly with a performance of -52.02%. ElectricPlayer has 50% into this predictionSynthetix Network Token (SNX) is a decentralized cryptocurrency based on the Ethereum blockchain. It is the native currency of the Synthetix protocol, which allows for the creation and trading of synthetic assets (synths) that track the value of real-world assets like cryptocurrencies, commodities, and stocks.
The main applications of SNX are:
1. Staking: SNX token holders can stake their tokens as collateral to issue and trade synths. In exchange for staking, users earn a portion of the fees generated by the Synthetix protocol.
2. Trading: SNX is listed on several cryptocurrency exchanges, and it can be traded against other cryptocurrencies and fiat currencies. Additionally, synths can be traded on the Synthetix exchange using SNX as collateral.
3. Governance: SNX token holders have the ability to vote on changes to the Synthetix protocol, including upgrades and changes to the synth asset offerings.
Overall, the Synthetix protocol and SNX token provide a novel way for users to gain exposure to a variety of financial instruments without the need for traditional banking intermediaries.
Performance without dividends (%)
| Name | 1w | 1m | 1y |
|---|---|---|---|
| Synthetix Network Token | -8.411% | -8.411% | 20.539% |
| iShares Core DAX® | 2.594% | -1.158% | 14.782% |
| iShares Nasdaq 100 | 3.553% | -1.727% | 43.265% |
| iShares Nikkei 225® | 0.687% | -8.354% | 18.454% |
| iShares S&P 500 | 2.209% | -0.942% | 31.361% |
Comments by ElectricPlayer for this prediction
In the thread Synthetix Network Token diskutieren