SYN (Synapse) increased by 7.22% in the past 24 hours
Gate News Bot Message, February 05 — According to CoinMarketCap data, at the time of press, SYN (Synapse) is trading at $0.08, up 7.22% in the past 24 hours, reaching a high of $0.14 and a low of $0.06. The 24-hour trading volume is $43 million. The current market capitalization is approximately $15.2 million, an increase of $1.02 million from yesterday.
Synapse is the most widely used, scalable, and secure cross-chain communication network. The platform offers multiple features such as Bridge, Swap, Pools, and Stake, supporting users in cross-chain asset transfers. Additionally, Synapse Protocol has recently launched the Hypercall product, further expanding its ecosystem applications.
Important recent news about SYN:
1️⃣ Continuous Innovation in Ecosystem Products Drives Growth The new Hypercall product launched by Synapse further enhances its cross-chain ecosystem layout, expanding the protocol’s application scenarios and functional coverage, and increasing the platform’s appeal to users. This ecosystem-level innovation provides new market highlights, boosts trading activity, and supports the ongoing rise in SYN’s price.
2️⃣ Core Advantages of Cross-Chain Infrastructure Highlighted As the most widely used, scalable, and secure cross-chain communication network, Synapse’s complete suite of features—including Bridge, Swap, Pools, and Stake—offers users comprehensive cross-chain asset solutions. In the context of increasing cross-chain demand, this robust feature set and technological accumulation strengthen market recognition of its protocol’s value, serving as fundamental support for its price performance.
3️⃣ Trading Volume Growth Confirms Market Enthusiasm From $23.9 million on January 29 to $43 million on February 5, SYN’s 24-hour trading volume has increased by over 80%, reflecting heightened market trading enthusiasm for this token. The continuous growth in volume, coupled with strong price performance, indicates that this rally is supported by solid market participation rather than short-term speculation.
This message is not investment advice. Investors should be aware of market volatility risks.
Related Articles
Here’s Why the Crypto Market Is Falling as Bitcoin (BTC) Price Slips Below $65K
Riot Platforms Vice President: BTC Still the Most Undervalued Asset in the World
Crypto Investors Look Beyond Major Coins as Dip Drags Markets: Exec
Render (RENDER) To Rise Further? Key Potential Bullish Pattern Formation Suggest So!
Bitcoin ETF experiences five consecutive weeks of outflows totaling $3.8 billion, setting a record! IBIT is being redeemed aggressively for $2.1 billion. Is institutional confidence collapsing?
PEPE Rebuilds Momentum as Bullish Engulfing Candles Shift Trend