Understanding the SNX to EUR Exchange Rate
The Synthetix Network Token (SNX) is a prominent cryptocurrency within the decentralized finance (DeFi) ecosystem. Its value against traditional fiat currencies like the Euro is a key point of interest for investors, traders, and enthusiasts across the globe.
The current live conversion rate for SNX to EUR is a fundamental starting point for any financial decision. At the time of writing, 1 SNX is equivalent to 0.48376 EUR. Conversely, this means 1 EUR can be exchanged for approximately 2.067 SNX. This exchange rate is dynamic and fluctuates based on overall market sentiment, trading volume, and broader economic factors.
Recent SNX Market Performance
Tracking short-term price movements provides crucial context for the current valuation.
- 24-hour change: -4.85%
- 7-day change: -1.73%
These percentages indicate recent market activity and volatility. Furthermore, with a circulating supply of 343,466,216.998 SNX tokens, the network currently boasts a market capitalization of roughly €167,157,277. This metric helps gauge the relative size and stability of SNX within the broader cryptocurrency market.
Comprehensive SNX to EUR Conversion Table
For quick reference, below is a detailed breakdown of common SNX amounts and their corresponding Euro values.
Converting SNX to EUR
| Amount of SNX | Equivalent in EUR |
|---|---|
| 1 SNX | 0.48 EUR |
| 12.5 SNX | 6.05 EUR |
| 16 SNX | 7.74 EUR |
| 25 SNX | 12.09 EUR |
| 32 SNX | 15.48 EUR |
| 50 SNX | 24.19 EUR |
| 69 SNX | 33.38 EUR |
| 77 SNX | 37.25 EUR |
| 100 SNX | 48.38 EUR |
| 250 SNX | 120.94 EUR |
| 300 SNX | 145.13 EUR |
| 5000 SNX | 2,418.82 EUR |
Converting EUR to SNX
| Amount of EUR | Equivalent in SNX |
|---|---|
| 1 EUR | 2.067 SNX |
| 12.5 EUR | 25.839 SNX |
| 16 EUR | 33.074 SNX |
| 25 EUR | 51.678 SNX |
| 32 EUR | 66.148 SNX |
| 50 EUR | 103.356 SNX |
| 69 EUR | 142.631 SNX |
| 77 EUR | 159.168 SNX |
| 100 EUR | 206.712 SNX |
| 250 EUR | 516.781 SNX |
| 300 EUR | 620.137 SNX |
| 5000 EUR | 10,335.631 SNX |
How to Acquire Synthetix Network Token
Purchasing SNX or any other digital asset has become a streamlined process. Most reputable cryptocurrency exchanges guide users through a simple, three-step procedure to convert fiat currency into crypto.
- Account Registration: Create an account on a chosen trading platform by providing an email address and securing your account with a strong password.
- Identity Verification: Complete the Know Your Customer (KYC) process. This typically involves submitting personal information and a valid government-issued ID to ensure security and regulatory compliance.
- Make a Purchase: Once verified, you can fund your account using various payment methods such as bank transfers, credit cards, or debit cards to buy SNX.
👉 Explore secure platforms to begin your crypto journey
SNX Conversions to Other Global Currencies
The value of SNX is tracked against numerous global currencies. Here is a snapshot of its exchange rate with other major fiat currencies:
- 1 SNX to USD: $0.56977
- 1 SNX to BRL: R$3.08515
- 1 SNX to GBP: £0.41747
- 1 SNX to JPY: ¥82.24383
- 1 SNX to CAD: $0.77456
- 1 SNX to KRW: ₩776.56671
- 1 SNX to INR: ₹48.65376
- 1 SNX to TRY: ₺22.693
- 1 SNX to RUB: ₽44.95613
Comparing Top Cryptocurrency Valuations
Understanding SNX's position requires looking at the broader market. The table below compares the values of top cryptocurrencies against several fiat currencies, providing a macro perspective.
| Cryptocurrency | USD | EUR | INR | BRL | TRY |
|---|---|---|---|---|---|
| Bitcoin (BTC) | $109,088.81 | €92,621.20 | ₹9,315,235.68 | R$590,683.20 | ₺4,344,797.26 |
| Ethereum (ETH) | $2,551.14 | €2,166.03 | ₹217,845.38 | R$13,813.67 | ₺101,607.09 |
| Tether (USDT) | $1.00 | €0.84960 | ₹85.44 | R$5.41 | ₺39.85 |
| BNB (BNB) | $660.07 | €560.43 | ₹56,365.05 | R$3,574.13 | ₺26,289.69 |
| XRP (XRP) | $2.23 | €1.90 | ₹191.15 | R$12.12 | ₺89.15 |
| Solana (SOL) | $150.40 | €127.69 | ₹12,843.17 | R$814.39 | ₺5,990.29 |
| Cardano (ADA) | $0.58169 | €0.49388 | ₹49.67 | R$3.14 | ₺23.16 |
Frequently Asked Questions
How often is the SNX to EUR exchange rate updated?
The exchange rate for SNX and other cryptocurrencies is updated in real-time on most financial and crypto tracking websites. Prices are highly volatile and can change multiple times per minute based on live trading activity across global exchanges.
What factors influence the price of SNX?
The price of SNX is influenced by a combination of factors including overall DeFi adoption, developments and upgrades on the Synthetix protocol, total value locked (TVL) in its ecosystem, broader cryptocurrency market trends, and global economic conditions.
Where is the best place to check the live SNX/EUR rate?
Numerous reputable cryptocurrency data aggregators and exchanges provide reliable, real-time price feeds. It is often recommended to check multiple sources to get a consensus view of the current market rate before executing trades.
Is it better to hold SNX or Euros?
This is a personal investment decision that depends on your individual financial goals, risk tolerance, and market outlook. Cryptocurrencies like SNX offer high growth potential but come with significant volatility, while the Euro is a stable fiat currency. Diversification is a strategy many investors use to manage risk.
Can I use SNX to pay for goods and services in Europe?
While direct payment with SNX is not yet widespread, several crypto payment gateways and debit cards allow you to convert your SNX into Euros or other fiat currencies at the point of sale, effectively enabling you to use your crypto for everyday purchases.
What is the long-term outlook for Synthetix Network Token?
Long-term outlooks are speculative by nature. The value of SNX is generally tied to the success and adoption of the Synthetix protocol, which is a leading derivatives liquidity platform in DeFi. Monitoring project development, community growth, and integration partnerships can provide insights into its potential.
Note: The cryptocurrency market is highly volatile. Prices can change rapidly, and investors should conduct their own research (DYOR) and consider their financial situation before making any investment decisions. The information provided here is for educational and informational purposes only and should not be construed as financial advice.