Following successful stints at crypto firms Coinbase and Dharma, Max Bronstein has joined DeFi-focused company Synapse Protocol.
Bronstein will be part of the C-suite of the core team at Synapse.
Bronstein said in a Twitter post that he is “joining the Synapse Protocol core team in their mission to build the most widely-used and built upon cross-chain communications network.”
“I’ll be joining as COO to head up growth, strategy, and operations,” he added.
In Bronstein’s previous stints, he helped build some of DeFi’s first lending markets at Dharma. He was also part of the team that helped in growing Coinbase Institutional’s platform in its infancy, while also investing in early-stage opportunities at Coinbase ventures.
According to The Block, Synapse’s team has helped in the growth of a number of cross-chain protocols which aid in linking disparate blockchains and allow users to transact between them. Synapse supports cross-chain swaps between 15 blockchains.
“Cross-chain swaps are complex to stage-manage, owing to varying consensus mechanisms, transaction speeds and varying coding languages. In sum, there are numerous moving parts,” The Block said.
Bronstein said in his Twitter thread that “the Synapse team has built what I regard to be one of the best user experiences in crypto. Multi-chain engineering is extremely complex, but Synapse users wouldn’t know that.”
A long-time crypto trader known as Flood is showing support for an altcoin that helps bridge the gap between different types of blockchain projects.
Flood tells his 194,400 Twitter followers that there are several reasons why he thinks trustless automated market maker Synapse (SYN) has the potential to make insane gains over the next two years.
“Here’s some simple math, the EVM [Ethereum Virtual Machine] smart contract platforms have a combined $700 billion market cap and are projected to reach $12 trillion by 2023.
With Synapse’s superior user experience, hyper-efficient liquidity providing and one of the greatest developer teams in crypto, it’s sure to become the leading cross-chain bridge in the world and capture at least 10% of that market cap, $1.2 trillion, by 2023.
That puts the price target at $2,400 per SYN. Let the bears and fudders (fear, uncertainty and doubters) sell all they want, I will keep accumulating.”
The Ethereum Virtual Machine is a blockchain-based software platform where developers build decentralized applications (DApps). It eliminates the need for sophisticated hardware while creating smart contracts.
At time of writing, SYN is up over 10% on the day to $2.84. At Flood’s price target of $2,400 per token, that would signify a mind-boggling 84,407% gain for the 181st-ranked crypto asset.
According to the Synapse project website,
“By providing decentralized, permissionless transactions between any L1, sidechain or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality.”
The SYN token entitles holders to vote on governance issues on the SynapseDAO (decentralized autonomous organization) as well as pays for network gas fees.
Another popular crypto analyst who goes by the name of Smart Contracter is also interested in Synapse.
The pseudonymous Twitter personality says,
“With all the layer ones competing against each other, accumulating something that bridges them all together feels like a picks-and-shovels play to me.
SYN chart looks amazing against ETH here on the weekly and allows you to bridge to almost every single chain from any chain.”
Source: Smart Contracter/Twitter
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
Four altcoins on top of Ethereum are recording massive gains over the last seven days while Bitcoin attempts to recover its losses.
Currently sitting with a big 85% gain is CRTS, the ERC-20 token that powers the Cratos mobile app, a real-time live vote platform where users can generate vote topics according to their preference, and other users can participate in the vote.
Market participants have responded positively to developments in Cratos over the last week, including CRTS getting listed on crypto exchange MEXC, as well as the launch of a global version of the app which was previously only available in Korea.
Synapse (SYN), another Ethereum-based altcoin is currently up 89% in the last seven days. Synapse is a cross-chain protocol that aims to provide interoperability between various blockchains. It consists of the Synapse Network (SNP), and an automated market maker (AMM) for pricing and asset rebalancing.
Closely followed crypto analyst Smart Contracter recently told his 198,000 followers that SYN looked exceptional in its Wrapped Ethereum pair (SYN/WETH).
“With all the layer ones competing against each other, accumulating something that bridges them all together feels like a picks and shovels play to me.
SYN chart looks amazing against eth here on the weekly and allows you to bridge to almost every single chain from any chain.”
Source: Smart Contracter/Twitter
Also showing strength is Velas (VLX), a proof of stake blockchain and ecosystem on which one can build artificial intelligence projects, decentralized applications (dApps), or smart contracts.
VLX is currently trading at $0.37, up 73% over the last seven days, about 33% below its all-time high of $0.55.
Making even bigger waves is Vader Protocol (VADER), a decentralized liquidity protocol that anchors a slip-based fee Automated Market Maker (“AMM”) with its own native stablecoin, USDV.
VADER is currently trading at $0.09, up a massive 150% in the last seven days.
At time of writing, Bitcoin is up 11% in the same time frame, currently trading just below $52,000.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
