The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday high of $13.76 during the Asia-Pacific trading session, following an approximately 25% price rally that started Sunday. A flurry of technical and fundamental factors contributed to the sudden market demand for Synthetix tokens, including founder Kain Warwick's update on the project's much-awaited layer 2 solutions. Layer 2 refers to the techniques for scaling blockchains by taking computation and transaction load from the parent layer and put them onto a base layer. Synthetix, an Ethereum-based synthetic asset platform, has been testing such scalability solutions since October 2020 to limit its dependency of Ethereum's higher gas and transaction fees model. Last Saturday, more than 12 hours before the SNX/USD rate started rallying, Warwick announced Synthetix would launch a layer 2 exchange in the week beginning July 26. He also revealed Optimistic Ethereum (OΞ) has the underlying technology that would back the synthetic asset (or Synths) trading platform.
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Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90% | 13 | $61 612.88 | 0.89% | -4.03% | $1 213 612 696 494 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 88.4% | 18 | $2 940.21 | 0.41% | -6.52% | $353 152 377 671 |  |
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| 3 |  USDT |
Tether predictions | 92.4% | 1 | $0.999672 | 0.01% | -0.07% | $110 803 672 916 |  |
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| 4 |  BNB |
Binance Coin predictions | 89.6% | 15 | $598.94 | 1.44% | 1.15% | $88 396 365 548 |  |
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| 5 |  SOL |
Solana predictions | 84.4% | 29 | $145.39 | -0.11% | -0.99% | $65 211 941 873 |  |
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| 6 |  USDC |
USD Coin predictions | 92.4% | 1 | $0.999989 | 0% | -0.03% | $33 127 756 124 |  |
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| 7 |  XRP |
XRP predictions | 90.4% | 13 | $0.503502 | -0.57% | -5.17% | $27 873 476 417 |  |
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| 8 |  TON |
Toncoin predictions | 76.8% | 50 | $7.00 | 2.43% | 18.56% | $24 323 395 908 |  |
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| 9 |  DOGE |
Dogecoin predictions | 78.4% | 32 | $0.142354 | -1.42% | -11.34% | $20 536 424 361 |  |
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| 10 |  ADA |
Cardano predictions | 90.4% | 16 | $0.440641 | -0.46% | -4.51% | $15 714 918 771 |  |
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| 11 |  SHIB |
SHIBA INU predictions | 78.4% | 44 | $0.000023 | -0.67% | -9.16% | $13 280 570 183 |  |
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| 12 |  AVAX |
Avalanche predictions | 79.6% | 31 | $33.72 | 0.01% | -9.76% | $12 863 789 817 |  |
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| 13 |  TRX |
TRON predictions | 80.4% | 31 | $0.127076 | 0.65% | 4.82% | $11 116 741 014 |  |
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| 14 |  WTRX |
Wrapped TRON predictions | 84.4% | 31 | $0.126683 | 0.39% | 4.25% | $11 082 418 895 |  |
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| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
