Synthetix (SNX) Steals Show With 22% Surge, This Complete Overhaul Is Reason


20 Nov 2023 8:08 AM

Synthetix (SNX) Perp V3 teased, new home locked, bulls drive price 22%...

  • Synthetix (SNX) has experienced a major price surge, reaching its highest price level in 2023 and gaining 147% year-to-date.
  • The protocol has announced plans for an upgrade called Perp V3, which will build on the success of V2 and launch on the Base Layer-2 network.
  • Perp V3 will introduce collateral of multiple assets for use as margin and include liquidity upgrades, cross margins, and account-based access.
  • The launch date for Perp V3 has not been revealed, but the anticipation has driven up the price of SNX.
  • There is potential for SNX to reach $4 in the short term and retest its all-time high of $28.77 in the long term.

The article has a positive sentiment overall, highlighting the price surge of Synthetix and the anticipation for the Perp V3 upgrade.

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What is the current price of Synthetix (SNX) and how much has it gained year-to-date?What are the key features of the Perp V3 upgrade for Synthetix?When will the Perp V3 upgrade be launched?What is the potential price target for SNX in the short term and long term?How does Synthetix's price action differ from the general market?

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