IS SYNTHETIX (SNX) GOING TO LEAD THE ALTCOIN SEASON!? Cryptocurrency Trading & Analysis 2021
Synthetix (SNX) has been pumping lately, looking like it might be starting to lead the Altcoin Season as we’ve been experiencing Bitcoin retracing after historic all-time high gains.
Decentralized Finance (DeFi) has been on fire as well, seeing more and more money surge into the space, liquidity protocols, and more. As DeFi becomes the new hot thing, we’re seeing a new surge in network tokens dominate the trading environment too. Synthetix (SNX) is definitely one of these coins. After seeing the “Coinbase Effect” in the middle of December, Synthetix (SNX) has been on a straight shot upward.
News and analysis predict that the prices of altcoins should start performing better as the hype for Bitcoin (BTC) might be slowing down and we see money flow elsewhere. Investors are definitely going to be eyeing the altcoins as we head into the deeper part of the 2021 bull cycle.
Do you think that Synthetix (SNX) and the other DeFi tokens and crypto coins are going to perform well and finally push down Bitcoin dominance? Post your thoughts and predictions in the comments section below!!
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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.
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