đ Synthetix (SNX) Gains - Is It Enough to Celebrate?
Over the past week, $SNX has shown a steady price increase, coupled with a rise in market cap and trading volume. This renewed interest may be tied to the launch of SNAXchain, aimed at improving cross-chain liquidity and staking.
However, SNX is still down 70% since March, and the recent rise could simply follow the broader market recovery...
While the short-term gains are encouraging, itâs too early to call it a sustained trend reversal. Investors should carefully assess both the risks and opportunities.
#SNX #Synthetix #SNX/USDT #DeFi
