Crypto Report - Synthetix (SNX)

Published:

3 Jan 2021 18:05 ET

[Crypto Report is a subset of the Market Lab Report]

Price = $9.30

Synthetix (SNX) is the leader in decentralized financial platforms that focus on the derivatives space. Derivatives are about $1 Q(uadrillion) in market share. If Synthetix attracts a tiny fraction of a fraction, its valuation which stands at $1.27 B(illion) should easily break $10 B. It's current TVL (total value locked) which continues to grow exponentially is at $1.5 B. It has partnered with top gun DeFi project Ren Protocol and the decentralized trading platform Curve to create an “incentivized pool to provide liquidity for tokenized BTC on Ethereum.”

Like what you read?

Let us help you make sense of these markets by signing up for our free Market Lab Reports:

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.