This DeFi Altcoin, which has a positive divergence from Bitcoin, rose 22 percent! What is the reason for the rise?

While the leading cryptocurrency Bitcoin rose above $ 37,000 again, some altcoins separated from BTC and the market with their rise.

One of these was the DeFi altcoin Synthetix (SNX).

According to the news of CoinMarketCap, SNX, which is at the top of the most rising altcoins with a 21.8% increase in the last 24 hours, is traded at $ 3.69.

It is thought that behind this rise is the SNX team's announcement of plans for a new upgrade called “Perp V3”.

In their statement, the team stated that Perp V3 will be based on the success of V2 and that they plan to launch it on V3's Base Layer-2 network.

Synhetix team did not announce the launch date of Perp V3.

At this point, analysts stated that they think SNX can reach $ 4 in the short term if it continues this upward momentum.

*This is not investment advice.