What are the highest and lowest prices in Synapse(SYN) currency history?

Synapse (SYN) reached its all-time high of $19.11 on November 25, 2021, amidst a significant cryptocurrency market bull run.

Nov 30, 2024 at 12:51 am

The Highest and Lowest Prices in Synapse (SYN) Currency History

Synapse (SYN) is a decentralized cryptocurrency that facilitates cross-chain communication and asset transfer between different blockchains. It aims to create a seamless and interoperable ecosystem for blockchain applications. Since its launch, SYN has experienced significant price fluctuations, reflecting the dynamic nature of the cryptocurrency market.

Highest Prices in SYN History

1. All-Time High (ATH): $19.11

• Date: November 25, 2021
• Context: The cryptocurrency market was experiencing a significant bull run, with many altcoins reaching all-time highs. SYN benefited from this market momentum, surging to its peak value of $19.11.

2. Second Highest: $16.88

• Date: November 23, 2021
• Context: The bullish trend continued, and SYN reached $16.88 just two days before its ATH. This high price was driven by strong market sentiment and anticipation of future growth.

3. Third Highest: $16.12

• Date: November 17, 2021
• Context: SYN's upward momentum began in mid-November, and it hit $16.12, indicating a sustained demand for the token. This price surge was fueled by positive sentiment surrounding Synapse's cross-chain capabilities.

Lowest Prices in SYN History

1. All-Time Low (ATL): $0.167

• Date: December 22, 2020
• Context: SYN experienced a significant drop in price during the cryptocurrency market downturn in late 2020. The ATL of $0.167 marked a period of low liquidity and market confidence.

2. Second Lowest: $0.254

• Date: March 13, 2021
• Context: Despite a gradual recovery in early 2021, SYN faced another decline and reached $0.254 during a period of market volatility. This price point reflected the ongoing challenges faced by the cryptocurrency ecosystem.

3. Third Lowest: $0.532

• Date: September 9, 2021
• Context: The cryptocurrency market experienced a correction in September 2021, and SYN fell to $0.532. This price drop was part of a broader downturn in the market.

Factors Influencing SYN Price History

The price of SYN, like most cryptocurrencies, is influenced by various factors, including:

• Market Sentiment: The overall market sentiment and the perception of the cryptocurrency space can impact SYN's price fluctuations.
• Demand and Supply: The availability of SYN in the market and the demand for it determine its supply and demand dynamics, influencing price.
• News and Events: Significant news, events, and announcements related to Synapse or the wider cryptocurrency ecosystem can affect SYN's price.
• Technical Indicators: Price charts and technical analysis can be used to identify trends and potential price movements in SYN.
• Blockchain Developments: Technological advancements and improvements to the Synapse platform can drive investor confidence and impact SYN's price.
• Volatility: The cryptocurrency market is known for its volatility, and SYN is not immune to sudden and unpredictable price changes.