Analyst Predicts Over 75% Surge for Synthetix (SNX) Due to Staking Popularity, Limited Supply
• Arthur Cheong predicts Synthetix (SNX) could surge over 75% to $6 • Points to lack of resistance and small circulating supply as bullish factors • Over 70% of SNX supply is staked, little on exchanges to meet big buying demand • Recently said decentralized derivatives is biggest crypto sector - $10-30B yearly revenue • Highlights Synthetix as a top decentralized derivatives project