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Description:
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Synthetix (SNX) spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. Synthetix is a decentralized synthetic asset platform that provides blockchain exposure to traditional assets, including currencies, commodities, stocks and indexes. The platform requires users to lock its native token, SNX, as collateral into its smart contracts to back its synthetic assets (Synths).
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#SNX #Synthetix #Crypto
~Synthetix (SNX) Token Analysis | 2x Short-Term Gain Soon? |
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