SNX fails to push past $3 wall despite Synthetix V3 mainnet milestone

ambcrypto.com:

Synthetix’s native token SNX is among the few cryptocurrencies that managed to maintain a bullish bias in the last two weeks. This, at a time when most of the top cryptos have been struggling to hold on to January gains.

But can SNX keep up the trend or is there room for shorts to benefit?

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Synthetix just announced a new milestone that has the potential to boost its liquidity operations. The network has officially rolled out its Synthetix V3 on the mainnet.

This milestone is important for the network because it will facilitate a transition to a distributed pool model. The network previously used a debt pool of liquidity approach.

This is a good time to go over how I personally view this milestone for Synthetix and why it’s so exciting.