Synthetix's Rebirth: A $4.38 Future or a Volatile Mirage?

Synthetix (SNX) price forecasts for 2025 through 2031 suggest a gradual upward trajectory, with analysts predicting a range of price levels across the forecast period. The average price in 2025 is estimated at $1.01, while by 2031, it is expected to average $4.21, with a high of $4.38 and a low of $4.04 [1]. These projections are based on technical indicators, historical price volatility, and market sentiment analysis. Currently, SNX is trading at $0.570, with a market capitalization of $196.41 million and a circulating supply of 343.46 million tokens [1].

The token has experienced significant volatility since its initial launch in 2017 under the Havven (HAV) name, with its all-time high recorded at $28.77 in February 2021 and an all-time low of $0.03258 in January 2019 [1]. The rebranding to Synthetix in 2018 marked a turning point for the project, leading to the introduction of synthetic assets on the Ethereum blockchain and a gradual growth in its ecosystem. However, the token has faced challenges, particularly during the 2022 market downturn, when its price dropped to around $2 before stabilizing in the $1.5–$3 range in 2023 [1].

Recent price movements indicate a mixed short-term outlook. As of August 3, 2025, the price stands at $0.570, reflecting a 2.07% increase over the previous 24 hours [1]. Technical indicators such as the 50-day and 200-day simple moving averages (SMA) suggest bearish momentum, with the 50-day SMA at $0.630282 and the 200-day SMA at $0.923086 [1]. The Relative Strength Index (RSI) and Bollinger Bands also indicate moderate volatility and mixed signals for near-term price direction. The RSI is currently in a neutral zone at 38.40 on the daily chart, and the Bollinger Bands are widening, suggesting increased volatility [1].

Analysts have noted that while SNX faces resistance at $0.580 in the short term, the overall market remains cautiously optimistic. The Fear & Greed Index for SNX is currently at 53, signaling a neutral sentiment [1]. On the 4-hour chart, the price has slightly decreased to $0.570, with the RSI dropping to 40.73 and the Bollinger Bands converging, which may indicate a period of consolidation before any potential breakout [1].

Long-term predictions for SNX are more bullish. DigitalCoinPrice and CoinCodex have provided slightly different forecasts for 2025 and 2026, with DigitalCoinPrice predicting $1.22 and $1.43, and CoinCodex estimating $0.647801 and $0.652518, respectively [1]. By 2026, the average price is projected to reach $1.40, with a potential high of $1.57 and a low of $1.23 [1]. The projected growth accelerates after 2027, with an average price of $1.96 and a high of $2.13 expected in 2027 [1]. The forecasts for 2028, 2029, and 2030 continue this upward trend, with average prices of $2.53, $3.09, and $3.65, respectively [1].

Despite these optimistic projections, it is unlikely that SNX will reach $5 or $6 in the immediate future. Analysts caution that reaching $10 or $100 within the next five to ten years is improbable, given the token’s current market capitalization and volatility [1]. However, if the current upward momentum is maintained, SNX could potentially achieve a price of $4.38 by 2031, according to the highest forecasts [1].

Recent developments within the Synthetix network include the announcement that the L2 (Layer 2) experiment is ending, with the network focusing solely on L1 moving forward. This shift is expected to enhance the efficiency and scalability of the platform, potentially supporting the token’s long-term price action [1].

Source: [1] SNX Price Prediction 2025, 2026, 2027-2031 (https://www.cryptopolitan.com/snx-price-prediction/)