SNX - a sleeping giant

18 พ.ค.

For those who don't chase what is hot in the now. And want to accumulate what has strong fundamentals and a good value proposition to make a run later in this cycle. I suggest doing a deeper dive into Synthetix and all its ecosystem has to offer. Under a billion FDV as of publishing (883M) - the fundamental utility of holding SNX allows the holder to mint SUSD at will = Creating digital dollars has always been one of the best fundamental usecases of Defi.

Top it off with the strong possibility of an Infinex airdrop, the latest and innovative hybrid CeX/DeX built by many of the same team as the Synthetix creators.

Strong ecosystem, fundamentals, and prospective airdrop, I believe SNX is in deep value, accumulation range right now. Fibonacci retracement is very accurate in dictating levels of resistance and possible take profit strategies.