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SNX price could be propelled to $27 thanks to L2 staking on Synthetix

Apr 1, 2021 18:01 GMTCrypto News SNX price is contained inside a descending triangle pattern on the 12-hour chart. The Staking application of Synthetix is now compatible with Optimistic Ethereum on L2. SNX is on the verge of a massive 43% breakout if key level breaks. SNX has managed to confirm an uptrend on the 12-hour chart and is aiming for a significant breakout towards new highs. The platform has just recently made L2 staking on the Optimistic Ethereum network compatible with its staking dApp. Synthetix integrates Optimistic Ethereum on L2 into its staking dApp The Synthetix decentralized staking application is now compatible with the Optimistic Ethereum network on Layer 2. Back in January 2021, SNX announced that staking on Synthetix will be live on the L2 Optimistic Ethereum network. Now the SNX staking dApp is compatible with the Layer 2 network and allows users to benefit from the better interface and features.

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