.synthetix_io price goes parabolic to maintain monthly surge
massive 10% growth over the past 24 hours to $3. Based on the current performance outlook, Synthetix is now up by more than 16% in the week-to-date period.Synthetix occupies a defined niche in the decentralized finance ecosystem. The protocol is designed as a decentralized liquidity provisioning protocol that any outfit requiring its locked liquidity can tap into for various purposes.
Synthetix, over the past few months, has shown how formidable it is as a protocol, set to retest its previous highs. Prior to the long-drawn-out crypto winter, SNX recorded an all-time high of $28.77. Per its current price action, the cryptocurrency is still down as much as 89.5%, a bearish indicator showing the possibility of a massive upside soon.The bullish trading volume is up by more than 77.
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