SNX, the token that powers Synthetix, a DeFi platform built on Ethereum (ETH) is facing a downward price movement. The token is used as a collateral to mint synthetic assets i.e. digital versions of real-world currencies, commodities and stocks. At the same time, users can stake SNX to earn rewards and participate in governance decisions...The post SNX Price Plummets 15% After Rebound: Why is SNX Price Down and Will SNX Recover? appeared first on 99Bitcoins.