Key Notes

Synthetix reached $1.90 for the first time since January.

The exchange’s $1 million trading competition will start on Oct.

20.

Analysts expect more substantial returns for SNX.

Synthetix SNX $2.37 24h volatility: 142.3% Market cap: $797.13 M Vol. 24h: $1.12 B recorded strong momentum and inflows over the past day as the broader crypto market recovered from a bloodbath .

SNX rallied 93% in the past 24 hours and is trading at a nine-month high of $1.87 at the time of writing. The asset even touched a local high of $1.90 early on Monday, Oct. 13.

The native token of the perpetual decentralized exchange experienced a tenfold increase in its daily trading volume, surpassing $600 million with a market capitalization of $640 million.

With the rece

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