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Synthetix bear market cycles - historical perspective of SNX bear markets
In this overview, we will show the previous bear markets of the Synthetix cryptocurrency - you will see how much SNX lost during its biggest past bear markets.
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|
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 17 bear markets in the past, see chart below:
What is Synthetix most negative bear market ?
Synthetix most negative bear market started on Oct 12th, 2018 and ended on Dec 7th, 2018, lasting for 56 days.
During this time, the price of Synthetix decreased from 0.1856 USD to 0.0445 USD, resulting in a return of -76.0 %.
Average compounded daily decrease of price during this period was -2.52% / day.
What is Synthetix 2nd most negative bear market ?
Synthetix 2nd most negative bear market started on May 19th, 2021 and ended on Jun 27th, 2021, lasting for 39 days.
During this time, the price of Synthetix decreased from 23.0084 USD to 5.9138 USD, resulting in a return of -74.3 %.
Average compounded daily decrease of price during this period was -3.42% / day.
What is Synthetix 3rd most negative bear market ?
Synthetix 3rd most negative bear market started on May 21st, 2018 and ended on Jul 11th, 2018, lasting for 51 days.
During this time, the price of Synthetix decreased from 0.7626 USD to 0.2135 USD, resulting in a return of -72.0 %.
Average compounded daily decrease of price during this period was -2.47% / day.
Returns of previous Synthetix bear market cycles
In the following table you can see the previous SNX bear market cycles, in which period they occurred and what were the returns achieved during each bear market cycle:
|Start Date||End Date||Start Price||End Price||Return (%)|
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Bull and bear markets of Synthetix
See Synthetix past bull and bear markets in the chart below:
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