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 | 91.6% | 13 | $62 001.60 | 0.87% | -2.43% | $1 221 311 462 092 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 85.6% | 17 | $2 916.19 | 0% | -4.96% | $350 278 632 351 |  |
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| 3 |  USDT |
Tether predictions | 95.6% | 1 | $0.999563 | 0% | -0.04% | $110 798 534 666 |  |
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| 4 |  BNB |
Binance Coin predictions | 88.4% | 15 | $587.15 | -1.07% | -0.25% | $86 656 194 185 |  |
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| 5 |  SOL |
Solana predictions | 85.2% | 28 | $146.05 | 3.66% | -5.74% | $65 508 668 736 |  |
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| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $0.999997 | 0% | 0% | $33 149 191 683 |  |
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| 7 |  XRP |
XRP predictions | 90.4% | 14 | $0.503748 | 1.31% | -6.12% | $27 887 083 252 |  |
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| 8 |  TON |
Toncoin predictions | 68.4% | 59 | $7.05 | -1.39% | 20.49% | $24 491 689 457 |  |
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| 9 |  DOGE |
Dogecoin predictions | 80% | 34 | $0.150426 | 7.15% | -3.65% | $21 703 911 419 |  |
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| 10 |  ADA |
Cardano predictions | 84.4% | 19 | $0.433838 | -0.11% | -3.37% | $15 475 416 127 |  |
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| 11 |  SHIB |
SHIBA INU predictions | 77.2% | 45 | $0.000024 | 7.31% | -0.30% | $13 899 303 993 |  |
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| 12 |  AVAX |
Avalanche predictions | 81.2% | 34 | $32.32 | -1.19% | -12.26% | $12 338 105 891 |  |
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| 13 |  WTRX |
Wrapped TRON predictions | 76.8% | 37 | $0.125249 | -0.59% | 5.26% | $10 956 131 842 |  |
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| 14 |  TRX |
TRON predictions | 81.6% | 37 | $0.124990 | -1.14% | 5.33% | $10 933 407 933 |  |
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| 15 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
