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Synapse Coin (SYN) has witnessed a remarkable price surge of 92% within the past week, with investors looking to confirm a breakout. The cryptocurrency’s value increased from approximately $0.164 to reach a high of $0.315 before paring some gains, marking one of SYN’s most aggressive weekly moves since August 2024.
The unexpected upsurge coincides with the broader recovery in the crypto market, as Bitcoin remains near $94,000 and Ethereum hovers around $1,770. This renewed optimism has attracted a significant influx of capital into the digital asset space, thereby bolstering SYN’s price.
A crucial factor contributing to SYN’s explosive growth is its impending protocol development: the migration from Synapse’s native token to Cortex Protocol’s CX token at a conversion rate of 1 SYN to 5.5 CX. This transition was announced on April 20 and has triggered speculative accumulation across centralized exchanges and DeFi platforms.
The migration window remains open until February 2026, allowing holders ample time to upgrade without urgency. Furthermore, the strategic realignment of Synapse’s vision under Cortex’s AI-focused architecture has garnered significant attention, as users now have access to advanced AI modules while retaining the value of their existing holdings.
This shift positions CX as a token with enhanced forward-facing utility, particularly as AI is becoming an increasingly dominant narrative in the crypto sector. In addition, SYN users will benefit from the incorporation of LLM-powered blockchain interactions and autonomous smart contract execution, courtesy of Cortex Protocol’s innovative infrastructure.
The unified CX token simplifies governance under Cortex DAO and consolidates branding efforts for both ecosystems. As a result, the SYN to CX migration not only triggered renewed price action but also positioned Cortex Protocol as a potential leader in the intersection of AI and blockchain infrastructure.
In conclusion, the recent surge in Synapse Coin (SYN) is largely attributed to this significant protocol development, which has sparked substantial interest and accumulation within the digital asset space.
Source: https://coinchapter.com/synapse-coin-syn-price-surges-92-wtd-bulls-now-looking-to-confirm-breakout/
