Synthetix (SNX) Up By 35% In Anticipation Of New Decentralized Exchange

Synthetix (SNX) Up By 35% In Anticipation Of New Decentralized Exchange
SNX, the native token of the Synthetix Network, has been on the rise, gaining more than 35% in the past week. The cryptocurrency continues to exhibit strong bullish momentum, having registered a positive market performance over the past few weeks. SNX’s recent price surge has been linked to the positive sentiment surrounding the Synthetix network. A few days ago, the protocol announced its plan to release a new decentralized exchange (DEX). Related Reading: Dogecoin Engagement Fails To Impress, Raising Concerns About Broader Interest Synthetix Token Tallies 35% In One Week – Price Overview The cryptocurrency market experienced a jolt of positivity after the long-running battle between payments and technology firm Ripple – the company behind XRP – and the United States Securities and Exchange Commission (SEC) came to a positive conclusion on Thursday. US District Judge Annalisa Torres delivered a landmark judgment declaring the XRP token as non-security, thereby granting a decisive triumph for Ripple. However, unlike other cryptocurrencies, the price of SNX barely reacted to this piece of news. The token’s value increased by a mere 5% following the announ ..

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