Synthetix Network Token(SNX) is an Ethereum token that powers Synthetix. It is a decentralized synthetic asset issuance protocol that supports synthetic fiat currencies, commodities, and cryptocurrency. Synthetix assets are minted when token holders stake their SNX as collateral using Minter, a decentralized application for interacting with the Synthetix contracts. Synthetic is a new yet powerful profitable Ethereum token to look forward to in 2021.
Price: ~$21 USD | Market Cap: $2.39B