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Synthetix (SNX) | Price Prediction | 100% APR

Synthetix is an Ethereum-based protocol that allows for the tokenization of synthetic assets, such as derivatives, on the blockchain. These synthetic assets can represent real-world commodities such as gold and silver, effectively integrating non-blockchain assets into the cryptocurrency market.

These synthetic assets, termed "synths," can be traded without actual ownership. The native token of the Synthetix protocol is the Synthetix Network Token (SNX), which serves as collateral for issuing synths. Synths can also be deposited on various DeFi platforms like Uniswap to provide liquidity.

SNX Price on ReHold

ReHold uses Chainlink, a decentralized oracle network, to determine the price of SNX/USD, just as it does for other cryptocurrencies. Decentralization in SNX/USD price determination provides several advantages. It ensures that problems, like price manipulation, spikes, and slippages found in centralized exchange (CEX) products are avoided.

How to earn passive income on SNX

ReHold offers a unique DeFi earning solution through Dual Investment. Dual Investment enables users to earn up to 100% APR on pairs such as SNX/USDT, SNX/USDC, and SNX/DAI. By staking their SNX tokens on ReHold, users can earn passive income without actively trading while holding their tokens securely.

Synthetix Network Token Price Prediction

Forecasting the future price of SNX is challenging due to the constant changes in news, updates, and market volatility. Yet, as Synthetix becomes more popular for creating tokenized derivatives, the demand for SNX is likely to grow, potentially driving its price up. It's also vital to note that the broader cryptocurrency market can significantly impact the price of SNX, so keeping abreast of market updates is key.

SNX Value

The value of SNX is closely linked to its adoption and the implementation of Synthetix's blockchain solutions. As more developers engage with these solutions, the demand for SNX climbs, enhancing its market value. In addition, supply and demand play a crucial role as well.

100% APR on SNX Duals

ReHold offers Dual Investment on Synthetix, enabling investors to earn up to 100% APR on pairs: SNX/USDT, SNX/USDC, and SNX/DAI. With Dual Investment, investors can earn passive income on their investments without actively trading.

How to Earn 100% APR on Synthetix Network Token (SNX)

If you're looking to generate passive income through SNX, ReHold provides an exclusive earning opportunity. By employing the groundbreaking ReHold protocol within the Dual Investments framework, you can potentially achieve an annual percentage rate (APR) of 100% through pairs like SNX/USDT, SNX/USDC, and SNX/DAI. Here's a step-by-step guide:

  1. Connect Your Wallet Open the ReHold App and connect your Web3 wallet. Choose a Web3 wallet compatible with one or more of these networks: BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum. step_1.png
  2. Choose the SNX Dual Asset Select the dual you need: SNX/USDT, SNX/USDC, and SNX/DAI. You can start a dual investment with each token of the pair. step_2.png
  3. Choose a Staking Period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive. step_3.png
  4. Choose the Start Token Select the start token and the amount you want to invest. You can use the SNX token with the USDT, USDC, or DAI of the dual asset. step_4.png
  5. Approve the token To start a dual Investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token. step_5.png
  6. Start Your Dual Click “Start Now” to create your SNX dual and receive your reward after the staking period. step_6.png That's it! After the staking period ends, you can either withdraw your assets or start a new Dual Investment. done.png Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically restart when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.

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