How much is Synthetix protocol?

Excuse me, I'm interested in learning more about the Synthetix protocol. Could you please elaborate on its current value and potential for appreciation? I understand it's a decentralized synthetic asset issuance protocol, but I'm curious about its market capitalization and the factors that influence its price fluctuations. Is it pegged to any particular asset or does it have its own intrinsic value? Also, what's the community sentiment towards this protocol, and are there any major updates or developments that could affect its price in the near future? Thank you for your time and insight.