SNX to ETH conversion chart
Synthetix to Ethereum correlation
According to the correlation analysis, SNX and ETH have a strong relationship with each other and are correlated. Whenever there is a change in the price of SNX then ETH also tends to follow the same pattern and move together.
Live Synthetix Price Change and Market Cap
Currently, the SNX price is 0.00054 ETH. From the Synthetix price chart, we can see that the 24-hour change is -5.08%. The total market capitalization of Synthetix is $30 with a circulation supply of 30.01 SNX. In the previous 24 hours, the Synthetix price hit highs of 0.0005597 ETH and lows of 0.0005165 ETH.
Synthetix Price Prediction
In the SNX price prediction 2022, the price maximum will not exceed this year’s maximum price of $7.7. According to the Synthetix price prediction for 2030, SNX’s price can reach new record highs.
Check out the ChangeHero SNX price prediction article for more info!
SNX to ETH exchange margin
The closing conversion rate for SNX to ETH yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 SNX to ETH would result in an output of 0.00054 ETH.
How to convert Synthetix to Ethereum
Synthetix and Ethereum comparison
Synthetix is a native utility token of the Synthetix DeFi platform that offers issuing and trading synthetic assets that represent various assets — fiat currencies, stocks, and cryptocurrencies. The SNX token’s main use case is to create synthetic assets with the protocol. Users can buy SNX on multiple exchanges and deposit them into an ERC-20 compatible wallet to stake them and mint Synths.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For starters, smart contracts are pieces of code that automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum Blockchain.
What is Synthetix?
Synthetix is a decentralized financial protocol for trading synthetic assets that track the price of real world assets: currencies, stocks, derivatives and indices. In Synthetix, the common denominator that allows trading between all these assets without friction is debt. It is nominated and backed by the SNX tokens. In 2022, the network is going to migrate to Optimism, an Ethereum layer-two scaling protocol. At the moment, Ethereum Synthetix and Optimism Synthetix coexist and are developed with the merger in mind.
Synthetix to Ethereum price details
SNX to ETH Conversion Rate and Price
At the moment, the conversion rate for 1 SNX equals to 0.00054 ETH. The 24-hour highest price of Synthetix in relation to ETH was 0.0005597 ETH and the lowest was 0.0005165 ETH. In short, the SNX price in relation to ETH changed by -5.08%.
Instantly Exchange SNX to ETH
On ChangeHero you can instantly exchange Synthetix to Ethereum without signup. You can easily convert SNX to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best and Fixed rates for your SNX to ETH exchange.
SNX to ETH Best Rate Exchange
For the Best Rate exchange of Synthetix to Ethereum, we search through various exchanges for the SNX to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the SNX is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of SNX to ETH.
SNX to ETH Fixed Rate Conversion
For the Fixed Rate exchange of Synthetix to Ethereum, ChangeHero finds a good rate for the pair SNX to ETH and fixes the rate for up to 15 minutes. In the Best Rate exchange of SNX to ETH, you will receive the exact amount of ETH shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned ETH address. ChangeHero is the best place to exchange SNX to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert SNX to ETH?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange SNX to ETH?
No, you do not need an account to swap SNX to ETH on ChangeHero. There will be no registrations for your Synthetix to Ethereum transaction.
Do I need to go through KYC procedures for SNX to ETH exchange?
There will be no KYC for the SNX to ETH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange ETH to SNX?
Yes, you can instantly exchange ETH to SNX on ChangeHero.
Buy and sell Ethereum
Are you looking to buy Ethereum? Now, on ChangeHero you can buy Ethereum with a credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
