$SNX Combined with fundamental analysis, the price of SNX is unlikely to rise:

Intensifying Competition: The DeFi sector is highly competitive, with new protocols and projects constantly emerging. As an established project, SNX faces challenges from emerging projects, and its market share may be eroded.

Technical Risks: As a smart contract project, SNX carries certain technical risks. Any protocol vulnerabilities or security incidents could lead to user asset losses, triggering investor panic and accelerating the price decline.

Regulatory Risks: The regulatory scrutiny of cryptocurrencies is continuously increasing globally, and the uncertainty of regulatory policies may negatively impact crypto assets like SNX.

Macroeconomic Environment: Changes in the macroeconomic environment can also affect the cryptocurrency market. For example, global economic recession and inflation could lead to increased risk aversion among investors, resulting in the sell-off of crypto assets.