Photo by BeInCrypto SNX, the native token of the Ethereum-based decentralized perpetual futures protocol Synthetix, has defied today’s broader market downturn to emerge as the top-performing altcoin. Its price has surged by 24% over the past 24 hours amid renewed demand. The surge follows growing anticipation for the launch of Synthetix’s new perpetuals exchange on Ethereum and a trading competition scheduled for October 20. However, on-chain and technical indicators suggest that the momentum may not be s ...