SNX rallies 25% as Synthetix kicks off $1M trading competition on Ethereum

Core Insights - The global crypto market capitalization increased by 1.45% to reach $3.68 trillion [1] - Synthetix's native token, SNX, experienced significant growth, soaring approximately 26% within a 24-hour period [1] Market Performance - The overall crypto market saw a minor gain, reflecting a positive trend in virtual currencies [1] - SNX's price rose from $1.37 to an intraday high of $1.73, indicating a strong performance among altcoins [1]