SNY
Fundamental Analysis
Introduce
Synthetify protocol enables creation, exchange and burn of synthetic assets based on prices provided by a decentralized system of oracles. Debt pool participants need to constantly hold sufficient collateral in Synthetify tokens (SNY) to ensure platform stability.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SNY | Market Cap | 45477.04 |
| Name | Synthetify | White Paper | -- |
| Web Site | https://www.synthetify.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | |
| Available Supply | 11560000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.003798 | 0.00394 | 0.003702 | 0.00392 | 287.0826262 |
| 2024-12-30 | 0.0039 | 0.0039 | 0.003795 | 0.0038 | 30.8819125 |
| 2024-12-29 | 0.00413 | 0.004452 | 0.003663 | 0.003703 | 1878.37896 |
| 2024-12-28 | 0.003672 | 0.004147 | 0.003672 | 0.004147 | 399.9883571 |
| 2024-12-27 | 0.003738 | 0.004172 | 0.003651 | 0.003671 | 348.693809 |
| 2024-12-26 | 0.003851 | 0.00417 | 0.003663 | 0.003986 | 1189.8473745 |
| 2024-12-25 | 0.004197 | 0.004197 | 0.004197 | 0.004197 | 152.6201277 |
| 2024-12-24 | 0.0042 | 0.004269 | 0.003753 | 0.004197 | 440.0842344 |
| 2024-12-23 | 0.004366 | 0.00437 | 0.003707 | 0.004201 | 840.6843226 |
| 2024-12-22 | 0.004151 | 0.004275 | 0.0041 | 0.0041 | 284.0027457 |
| 2024-12-21 | 0.004278 | 0.004496 | 0.004151 | 0.004382 | 214.4289117 |
| 2024-12-20 | 0.0044 | 0.0045 | 0.004151 | 0.004226 | 832.8461745 |
| 2024-12-19 | 0.004419 | 0.004582 | 0.0044 | 0.0044 | 277.9007481 |
| 2024-12-18 | 0.004524 | 0.004593 | 0.0044 | 0.004587 | 256.1295264 |
| 2024-12-17 | 0.004582 | 0.004775 | 0.0044 | 0.004593 | 250.9646232 |
| 2024-12-16 | 0.0046 | 0.004718 | 0.00411 | 0.004201 | 1073.5698129 |
| 2024-12-15 | 0.004502 | 0.004737 | 0.004502 | 0.004737 | 102.7891927 |
| 2024-12-14 | 0.004635 | 0.004635 | 0.004473 | 0.004499 | 209.0105801 |
| 2024-12-13 | 0.004598 | 0.004724 | 0.004575 | 0.004603 | 573.7767035 |
| 2024-12-12 | 0.004499 | 0.004728 | 0.004499 | 0.004728 | 159.6740613 |
| 2024-12-11 | 0.004728 | 0.004728 | 0.004429 | 0.004473 | 906.7791309 |
| 2024-12-10 | 0.004581 | 0.005 | 0.004581 | 0.004694 | 578.8594509 |
| 2024-12-09 | 0.004756 | 0.004756 | 0.004605 | 0.004605 | 107.3645148 |
| 2024-12-08 | 0.004501 | 0.0049 | 0.0045 | 0.004757 | 11133.7883972 |
| 2024-12-07 | 0.004598 | 0.004604 | 0.004348 | 0.004501 | 1051.142743 |
| 2024-12-06 | 0.004261 | 0.005062 | 0.004261 | 0.0046 | 682.1025014 |
| 2024-12-05 | 0.004526 | 0.00465 | 0.004188 | 0.00422 | 1409.5444967 |
| 2024-12-04 | 0.0046 | 0.004829 | 0.004298 | 0.004778 | 2145.0644674 |
| 2024-12-03 | 0.004647 | 0.004649 | 0.004252 | 0.004354 | 2534.6062956 |
| 2024-12-02 | 0.004598 | 0.0055 | 0.004403 | 0.004639 | 2281.6360524 |
Analysis
The analyzed asset exhibits significant volatility over the 30-day period. Initial price fluctuations were substantial, with large intraday swings evident from the wide range between daily highs and lows. From 2024-12-02 to 2024-12-11, the price trend was largely downward. The period 2024-12-12 to 2024-12-18 showed signs of price consolidation with some upward movement. There was a significant drop on 2024-12-16. A slight recovery was observed until 2024-12-21. The period from 2024-12-22 to 2024-12-29 experienced notable price instability. A strong bearish trend was noticeable within this period, with prices generally declining. On the last two days, prices rebounded significantly. Volatility increased towards the latter part of the 30-day window, especially around 2024-12-08, 2024-12-29, and other days with high volume spikes, suggesting strong trading activity. The 30-day period concludes with a minor bullish signal due to the increased price and trading volume. Overall, the asset presents high-risk trading opportunities. Recent volatility suggests potential for short-term gains but requires careful monitoring and risk management due to substantial price fluctuations. A potential upward trend may emerge if the positive momentum continues in the short term but requires close monitoring.
