💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets.
Traders and other market participants can gain on-chain exposure to a variety of assets without slippage on the Synthetix exchange.
SNX tokens are used to earn exchange fees for collateralizing the protocol. SNX tokens can be staked on Mintr. In addition, network statistics are open to public.
In the Synthetix protocol, collateralized assets are combined together to act as a counterparty debt pool to all minted assets (e.g., synthetic assets like sUSD and sBTC). It allows users to trade synthetic assets directly without the need for direct counterparties while solving liquidity and slippage issues.
As of July 9th 2020, Synthetix is one of the largest DeFi protocols on Ethereum based on total net asset locked value; its on-chain collateral is worth more than $350 million.