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About SYNO

Synonym Finance (SYNO) is a cryptocurrency launched in 2024. SYNO has a current supply of 800.00M with 0 in circulation. The last known price of SYNO is 0.027937534275 USD and is -0.002570117779 over the last 24 hours. It is currently trading on active market(s) with $17,236.87 traded over the last 24 hours. More information can be found at .
SYNO Price Statistics
SYNO’s Price Today
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Updated Apr 13, 2024 5:08 am
Synonym Finance
Mkt Cap $0
There's nothing here for now
Bitcoin Market Shows Signs of Nervousness Ahead of Code Adjustment
Bitcoin Market Shows Signs of Nervousness Ahead of Code Adjustment
According to Bloomberg, speculators are showing signs of nervousness ahead of a once-every-four-years Bitcoin code adjustment, which has historically been bullish for the cryptocurrency. The implied volatility for Bitcoin options saw a significant increase last weekend, reversing a downward trend observed in the previous week. Bitcoin's price experienced a more than 8% range swing on Friday, causing a stir among investors. Implied volatility on contracts set to expire in the next two weeks has seen the most significant increase, jumping from 59% to 71% in just two days. This suggests that expectations for near-term volatility are on the rise. Traders, uncertain but willing to pay more for options, are likely seeking protection against price swings. This has led to potentially high premiums for downward protection. Since the approval of US exchange-traded funds to hold Bitcoin in January, the cryptocurrency's price has mostly surged. However, in the past month, the price has fluctuated within a range. Traders are now focusing on the upcoming 'halving' event, scheduled for around April 20. This event will see the rewards that miners receive for verifying transactions on the blockchain cut in half, effectively reducing the supply of additional tokens. Bartosz Lipinski, founder and CEO of Cube Exchange, believes the spike in Bitcoin expiries is related to people betting on the demand for Bitcoin on the day of the halving. He suggests that the reduced supply will make Bitcoin more expensive. This event is unique in Bitcoin's history as it creates pressure on an already inelastic price. Previous halvings have shown mixed short-term impacts, while the long-term effects have been bullish. However, Kaiko, a data analytics firm, cautions that a sample size of three is not necessarily large enough to draw definitive conclusions. They also note that other bullish events in the industry have contributed to the gains.
Apr 13, 2024 5:05 am

Frequently Asked Questions

  • What is the all-time high price of Synonym Finance (SYNO)?

    The all-time high of SYNO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Synonym Finance (SYNO) is 0. The current price of SYNO is down 0% from its all-time high.

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  • How much Synonym Finance (SYNO) is there in circulation?

    As of , there is currently 0 SYNO in circulation. SYNO has a maximum supply of 800.00M.

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  • What is the market cap of Synonym Finance (SYNO)?

    The current market cap of SYNO is 0. It is calculated by multiplying the current supply of SYNO by its real-time market price of 0.027937534275.

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  • What is the all-time low price of Synonym Finance (SYNO)?

    The all-time low of SYNO was 0 , from which the coin is now up 0%. The all-time low price of Synonym Finance (SYNO) is 0. The current price of SYNO is up 0% from its all-time low.

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  • Is Synonym Finance (SYNO) a good investment?

    Synonym Finance (SYNO) has a market capitalization of $0 and is ranked #2796 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Synonym Finance (SYNO) price trends and patterns to find the best time to purchase SYNO.

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