Synthetix Soars 120% in 24 Hours After Major Market Recovery

The cryptocurrency market experienced a dramatic upswing on Black Friday, with altcoins bouncing back from early losses. A surge in trading activity propelled Synthetix (SNX) to the top of the leaderboard as it witnessed an unprecedented 120% gain within the past 24 hours. This remarkable performance was driven by several key factors, including a highly anticipated futures exchange launch and a competitive trading event launched by the Synthetix project. The competition will feature 100 high-profile traders vying for a substantial $1 million prize pool, marking a significant milestone in the development of decentralized exchanges on Ethereum.