What Is Synthetix (SNX)? Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
- Trading this Token could be very impressive Gains, 300%, 600%, 750%. Everything is only depending on your strategy :
----------------------------------------------------------------- Trading Plan ----------------------------------------------------------------- Plan A :
Buy : Now a bit ( if u trade it for long term hodl) Safety Buy : 3.5$ Rebuy : 2.5$ ( Bottom )
----------------------------------------------------------------- Plan B :
- Wait for strong breakout and buy (Breakout Line in the graph) - Buy Zones after breakout : 5,5$ to 7.5$
Nice, but.. The risk here may be greater than it looks like. SEC is likely to go after Ethereum in lights of all the skeletons coming out of the closets as an unexpected effect of the Ripple litigation. If ETH is deemed as security...? Ouch.
bruce67576
⋅
@yezu, Do you know what would happen if Eth was deemed a security? The entire Crypto market would be SOL and they wont let that happen. Its far to large of an area for them to crush.... Just wont happen, to much money and people involved. It would be worse then Prohibition