SNX

SNX


Price Prediction: is SNX a Good Investment Today in 2022, and in 2025, 2030?

By BittsAnalytics

July, 2022

Current price and other data:

Symbol Price change (1d) Price (USD) Price change (1 week) Sentiment Sentiment change (1d) Sentiment change (1 week) Tweets volume change Trading volume change Volatility MarketCap
SNX 2.28 -0.44-25.49 -0.510.19 -1.75100 -4.918.02 515898264



In this guide we will look at the Synthetix from several different perspectives:

  • social media analytics
  • pricing data
  • technical analysis
  • developer activity
  • news


Is Synthetix a good investment - what does social media tell us about this?

Social listening is a strategy that allows for the monitoring of social media channels to find out what people are saying about individual coins.

Our web platform collects this data non-stop, processing millions of social media posts each day.

From this social media data we determine:

  • number of times Synthetix or SNX is mentioned in social media posts
  • sentiment (positive or negative) of social posts in which Synthetix or SNX is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
  • what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Synthetix or SNX. This allows our users to see which topics/news are positively / negatively impacting the price of Synthetix

Why can tracker of crypto social media mentions help?

Tracking of social media mentions helps, because the price of coins is often intertwined with activity on social media.

See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:






Social media mentions of Synthetix

Let us now turn our attention to Synthetix. You can see the number of daily mentions of Synthetix and SNX in social media posts in the following chart.



Comparison of hourly number of mentions on social media of Synthetix and Bitcoin





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Social media sentiment of Synthetix

Daily social media sentiment of Synthetix and SNX is available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):



Comparison of hourly sentiment of SNX and Bitcoin



The interesting development and insights can often be obtained from same data but based on smaller, hourly interval.

You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.

Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.



Analysis of most frequent words in positive/negative posts about Synthetix and SNX

As part of NLP analysis of social posts we determine the words that are most often found in positive and in negative social posts about Synthetix and SNX, using NLP analysis.

Words that are most frequently found in positive sentiment social posts about Synthetix and SNX are:

strongest, price, usdt, highest, market, new, next, 📈, movers, hours, past, track, btt, great, the, altcoins, today, good, hive, buy, time, moving, awaiting, crv, ⚠, worth, learn, synthetixnetwork, api, long, day, daily, target, exchange, kucoin, augmentedfinance, earn, lending, based, cheap, picks, buyers, ultrahighapys, buysignals, soon, titanswap, titan, future, best, trading,

Words that are most frequently found in negative sentiment social posts Synthetix and SNX are:

beta, minutes, mentions, updated, stage, except, point, every, eth, btc, lowest, mdx, snx, top, periods, 👇, fees, short, atomic, rsi, mcandlestacrypto, sol, get, volume, biggest, hcandlestacrypto, last, losers, see, synthetix, pump, swaps, crypto, stakers, snxusdt, move, vol, initial, bear, read, alerts, what, candle, increase, right, bitcoin, you, spike, directly, detected,

See the 2D chart displaying full word analysis of social posts for this coin:







Interesting Reddit posts about Synthetix

We collect interesting Reddit posts about Synthetix, here is our selection of posts:

Reddit post



Synthetix technical analysis view

Using trading data, we compute potential support and resistance levels for all cryptocurrencies, current chart for Synthetix:



Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Synthetix:





Bull and bear markets of Synthetix

A bull market is a period of general rising prices in the crypto, stock or any other financial market. A bull market is typically preceded by a bear market and followed by a bear market.

We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.

Synthetix has experienced a number of bull and bear markets in the past, see chart below:



2020-03-13
2020-09-01
2019-01-06
2019-07-04
2020-11-04
2021-02-13



What is Synthetix biggest bull run ?

Synthetix biggest bull run started on Mar 13th, 2020 and ended on Sep 1st, 2020.

During this time, the price of Synthetix increased from 0.3879 USD to 7.4289 USD, resulting in a return of 1815.1 %.



What is Synthetix 2nd biggest bull run ?

Synthetix 2nd biggest bull run started on Jan 6th, 2019 and ended on Jul 4th, 2019.

During this time, the price of Synthetix increased from 0.0348 USD to 0.3702 USD, resulting in a return of 964.3 %.



Historical bull and bear markets of Synthetix:

Symbol Start Date End Date Start Price End Price Return
SNX 2018-03-212018-03-260.484199722458360.522805262754660.079730612195094
SNX 2018-03-262018-04-070.522805262754660.30419635664285-0.41814595545568
SNX 2018-04-072018-05-210.304196356642850.762579454395391.5068658376165
SNX 2018-05-212018-07-110.762579454395390.21350713867152-0.72001981243936
SNX 2018-07-112018-07-180.213507138671520.290348548362570.35990089216301
SNX 2018-07-182018-08-150.290348548362570.097686799590945-0.66355333910965
SNX 2018-08-152018-08-250.0976867995909450.132678769260680.35820571270898
SNX 2018-08-252018-09-180.132678769260680.072413855267015-0.45421670949675
SNX 2018-09-182018-10-120.0724138552670150.185600657661551.5630545007882
SNX 2018-10-122018-12-070.185600657661550.044455715274283-0.76047652074945
SNX 2018-12-072018-12-260.0444557152742830.0609141146180830.37022009976118
SNX 2018-12-262019-01-060.0609141146180830.034786397306923-0.42892714562092
SNX 2019-01-062019-07-040.0347863973069230.370236941060589.6431527758953
SNX 2019-07-042019-07-170.370236941060580.22130458716628-0.40226227417412
SNX 2019-07-172019-11-250.221304587166281.52216936864275.8781645610401
SNX 2019-11-252020-01-121.52216936864270.7766240333859-0.48979131403859
SNX 2020-01-122020-01-310.77662403338591.21164924149650.5601490417622
SNX 2020-01-312020-03-131.21164924149650.38791378069429-0.67984647090178
SNX 2020-03-132020-09-010.387913780694297.428943475591818.15101717267
SNX 2020-09-012020-09-097.42894347559184.248773252387-0.4280783981805
SNX 2020-09-092020-09-134.2487732523876.11690105910390.43968639787199
SNX 2020-09-132020-09-226.11690105910393.6302878424241-0.40651519333944
SNX 2020-09-222020-09-273.63028784242415.25073360353350.44636839596373
SNX 2020-09-272020-11-045.25073360353352.5730975544353-0.50995465610677
SNX 2020-11-042021-02-132.573097554435327.0571145571619.5153862163222
SNX 2021-02-132021-03-2527.05711455716116.065511468568-0.40623707547869
SNX 2021-03-252021-04-1616.06551146856822.135841122910.37784851520093
SNX 2021-04-162021-04-2522.1358411229113.674325362616-0.38225408798842
SNX 2021-04-252021-05-1913.67432536261623.0083531026120.68259511840453
SNX 2021-05-192021-06-2723.0083531026125.9138206481541-0.74297071060324
SNX 2021-06-272021-07-125.913820648154112.4499430634531.1052283801233
SNX 2021-07-122021-07-2112.4499430634537.6384016434621-0.38647095777613
SNX 2021-07-212021-09-167.638401643462115.0335702563690.96815655396137
SNX 2021-09-162021-12-1415.0335702563694.9115651773876-0.67329349624672
SNX 2021-12-142022-01-044.91156517738767.13341245861790.45237051754081


Other sources of historical data: Synthetix free historical data for download

Synthetix cryptocurrency API data

Download historical bull and bear markets data for Synthetix by clicking on the button below :


Get csv of bull and bear markets

Sentiment of cryptocurrency news about Synthetix and SNX

We also compute sentiment for all the news that mention Synthetix and SNX. Here is an example of recent, sentiment annotated news about Synthetix:

News Published
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0

Synthetix price prediction - 2022, 2025, 2030

There are many possible approaches to price prediction of Synthetix. Many of our clients decide to generate price predictions by using our API to download vast amounts of data we have accumulated since 2017 and then develop trading models using our data.

For backtesting, there are many excellent open source libraries available:








Is SNX a good investment - quickly compare Synthetix to other cryptocurrencies


The best ways to compare coins for potential are available if you subscribe to one of our plans.

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Will coin go up and is it a buy right now?






About Us

BittsAnalytics, developed by the company Alpha Quantum, is a leading analytics platform for cryptocurrencies, delivering social sentiment and other cryptocurrencies data since 2017. Homepage:
www.bittsanalytics.com

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Alpha Quantum
Franz-Joseph-Str.11
Munich
Germany

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