Grayscale has dumped SNX from its funds following Q4 2022 reviews.
Technical indicators are favoring the upside trend in SNX. It has seen a gain of more than 1.17% in the BTC pair.
Synthetix, a decentralized finance (DeFi) platform built on the Ethereum blockchain, has been making headlines in the crypto news world recently. The platform allows users to trade synthetic assets, which are digital assets that are backed by a collateral of cryptocurrency. These assets can represent a wide range of assets, including stocks, commodities, and currencies.One of the main benefits of Synthetix is that it allows users to trade these synthetic assets without needing to go through the traditional financial system. This makes the platform particularly attractive to users in countries with unstable currencies or strict capital controls. Additionally, because the platform is built on the Ethereum blockchain, it is decentralized and open-source, which means that there is no central point of control or
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