Synapse SYN Price, Live Charts, and News in United Kingdom

Name: Synapse
Brand: Cryptocurrency
SKU: SYN
Price: 0.8013805836500352889 GBP
Availability: InStock

Synapse

SYN

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Synapse

SYN is an Ethereum token that powers Synapse, a protocol for bridging and swapping assets across chains, earning yield, and more. SYN can be used to vote on the future of the protocol, and can be awarded to network liquidity providers. Synapse also plans to develop a proof of stake blockchain called Synapse Chain in which validators can stake SYN to help secure the network.

Resources

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market Stats

Market cap

£149.3M

Volume (24h)

£5.4M

Circulating supply

186.6M SYN

Typical hold time

8 days

Popularity

#300

All time high

£3.63

Price change (1h)

+0.57%

Price change (24h)

+0.81%

Price change (7d)

-11.96%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about Synapse

Blockworks • Jul 28, 22

Synapse Chain Eyeing Bridgeless Asset Swaps

The cross-chain messaging system announced a low-cost, high-security chain based on optimistic rollups The post Synapse Chain Eyeing Bridgeless Asset Swaps appeared first on Blockworks.

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Social

Some highlights about Synapse on social media

247 unique individuals are talking about Synapse and it is ranked #424 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Synapse has an average sentiment score of 4 out of 5. Finally, Synapse is becoming more newsworthy, with 0 news articles published about Synapse. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Synapse. There were 65.52% of tweets with bullish sentiment compared to 21.55% of tweets with a bearish sentiment about Synapse. 12.93% of tweets were neutral about Synapse. These sentiments are based on 116 tweets.

On Reddit, Synapse was mentioned in 1 Reddit posts and there were 3 comments about Synapse. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

247 people

Volume rank

#424

Average Sentiment

4 out of 5

Twitter

Tweet Count

116 people

Sentiment

65.52%

Bullish

12.93%

Neutral

21.55%

Bearish

Synapse Calculator

How much is 1 SYN?

Conversion Table

SYN/USD (United States Dollar)

$1.00

SYN/CAD (Canadian Dollar)

CA$1.37

SYN/GBP (British Pound)

£0.80

SYN/JPY (Japanese Yen)

¥158.42

SYN/INR (Indian Rupee)

₹83.49

SYN/BRL (Real)

R$5.12

SYN/EUR (Euro)

€0.94

SYN/NGN (Nigerian Naira)

NGN 1,320.70

SYN/KRW (South Korean Won)

₩1,379.45

SYN/SGD (Singapore Dollar)

S$1.36

Synapse is on the decline this week.

The price of Synapse has increased by 0.57% in the last hour and increased by 0.81% in the past 24 hours. Synapse’s price has also fallen by 11.96% in the past week. The current price is £0.80 per SYN with a 24-hour trading volume of £5.37M. Currently, Synapse is valued at 77.91% below its all time high of £3.63. This all-time high was the highest price paid for Synapse since its launch.

The current circulating supply of Synapse is 186,633,108.556 SYN which means that Synapse has as total market cap of 186,633,108.556.

FAQ

What is the current price of Synapse?

We update our Synapse to GBP currency in real-time. Get the live price of Synapse on Coinbase.

What is the market cap of Synapse?

The current market cap of Synapse is £149.33M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Synapse?

The all-time high of Synapse is £3.63. This all-time high is highest price paid for Synapse since it was launched.

What is the 24 hour trading volume of Synapse?

Over the last 24 hours, the trading volume of Synapse is £5.37M.

What other assets are similar to Synapse?

Assets that have a similar market cap to Synapse include NYM, inSure DeFi, CUDOS, and many others. To see a full list, see our comparable market cap assets.

How many Synapse are there?

The current circulating supply of Synapse is 187 million.

What is the typical holding time of Synapse?

The median time that Coinbase customers hold Synapse before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Synapse?

Synapse ranks 196 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Synapse?

Currently, 81% of Coinbase users are buying Synapse. In other words, 81% of Coinbase customers have increased their net position in Synapse over the past 24 hours through trading.

Can I buy Synapse on Coinbase?

Yes, Synapse is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Synapse guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.