Synthesis Token Value Projection: SYN Surges 11%, Yet Traders Prefer Optimal Pre-sale for its 121% Annual Percentage Yield Staking Reward
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The Synapse (SYN) price rocketed 11% in the last 24 hours, trading at $0.3144 as of 3:10 a.m. EST on impressive trading volume that skyrocketed 399% to $42.02 million[1].
Synapse proceedings have been promising since May 8, mirroring Bitcoin's lead. As BTC hit resistance at $105k, so did SYN when it reached $0.28. However, Synapse took the lead, surging in the last 24 hours and peaking at $0.332 before correcting[1].
Synapse Price Prediction
The SYN price bounced around aimlessly, with only minor fluctuations, moving from the upper Bollinger Band to the lower one[2]. The bands were fairly constricted, but they began to expand in the last day as the price pushed upward[2].
While the small fluctuations persisted, the overall trend remained positive, causing the SYN price to push higher and higher over a 24-hour period, reaching a high of $0.332. After this, the fluctuations grew more pronounced, and the bands widened further[2].
SYN/USD chart analysis (Source: TradingView)
Large fluctuations emerged after the price was rejected from $0.332, as many traders cashed out, sparking a sharp fall. In typical fashion, traders pounced at the low point, buying the dip, and driving it back up[2]. This cyclic pattern has been ongoing and is expected to continue as the price stabilizes.
The Relative Strength Index (RSI) shows that the last 24 hours saw intense activity[2]. During this period, the RSI oscillated between the neutral value of 55 and the overbought zone at 70, and back again multiple times[2]. However, the larger fluctuations began to emerge as the selling pressure intensified, pushing the RSI down to 35, only to return to 60 and fall again[2].
Despite this, the market remains hopeful, seeing as the RSI hasn't hit the oversold zone yet[2].
Shortcoming Alternative - Synapse
With Synapse's price currently dipping, investors are turning to Best Wallet (BEST), a fresh cryptocurrency currently in presale.
BEST is the native coin of Best Wallet - a new mobile wallet released in late 2024 and already a popular choice among crypto users[3]. Available on Android and iOS devices, Best Wallet offers a secure, anonymous, non-custodial, and borderless solution, supporting thousands of cryptocurrencies running on over 60 different blockchains[3].
Best Wallet acts as both a wallet and an exchange, enabling users to store coins, tokens, and trade, swap, send, deposit, and even stake them for a 121% APY[3]. Plus, it allows users to link external wallets and manage all their assets from one single platform[3].
The project boasts a native launchpad that has introduced several successful projects such as Pepe Unchained, Wall Street Pepe, and Catslap, all of which have seen tremendous growth following their launches[3].
Now, the launchpad offers BEST, promising additional benefits for its holders, like reduced trading fees, higher staking rewards, early access to fresh tokens, and the ability to partake in community governance[3].
BEST is currently available for $0.025015 and has already raised over $12.18 million during its ICO, moving near its next milestone[3]. Experts like ClayBro, a seasoned crypto YouTuber with over 136k followers, believe BEST has massive potential that investors should not ignore[3].
Those who wish to secure the best ICO deal will want to buy before the next presale price hike, scheduled in about 8 hours.
Discover More About Best Wallet.
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Best Wallet - Diversify Your Crypto Portfolio
Our Rating
- User-friendly, feature-packed crypto platform
- Secure, private, and non-custodial
- Supports numerous cryptocurrencies across a multitude of blockchains
- Available on app stores: Google Play, App Store
- Highly popular with over 250,000 monthly active users
- Investors seeking alternative opportunities in the crypto realm might find promising prospects with Best Wallet (BEST), a recently introduced cryptocurrency currently in presale.
- With Synapse's price fluctuations now trending downward, expanding one's finance portfolio through technology-driven investments like Best Wallet could be a strategic move for both short-term and long-term investing.
