Is Synthetix (SNX) below $3 a good opportunity to hold?
Last night, I used the Nansen tool to see what the top whales in the market were holding. Surprisingly, out of the 10 whales I searched, there were 6 whales holding SNX. So what does Synthetix currently have to convince whales to buy?
1/ New x2 from the bottom
2/ Working on Optimisc VN has not paid attention
3/ The TVL lock of the system is still low (only a few tens of millions of dollars each)
4/ Must stake SNX to receive sUSD.
5/ Layer2 is becoming faster and cheaper >> Perp develops, because onchain transactions on layer1 have very low costs, layer2 makes those costs 10-50 times cheaper.
Many people are afraid that Ethereum is a security after the SEC's new statement, but we should know that the SEC has been threatening this for the 6th year now, Ethereum will be the Public Blockchain that transfers value most successfully thanks to the solutions. Layer2 extension methods are increasingly powerful.
Ethereum launches ERC-4337 with the term "account abstraction", which simply means that you will delegate to smart contracts many cumbersome tasks such as approving, reviewing and approving transactions, this is a revolution in experience. Use defi, gamefi next time.