Syscoin Trading 15% Lower Over Last Week (SYS)

Syscoin (SYS) traded up 6.4% against the U.S. dollar during the 1 day period ending at 11:00 AM ET on May 2nd. In the last week, Syscoin has traded 15% lower against the U.S. dollar. One Syscoin coin can now be bought for about $0.20 or 0.00000331 BTC on popular exchanges. Syscoin has a market capitalization of $153.71 million and approximately $2.34 million worth of Syscoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 4.4% against the dollar and now trades at $59,225.78 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 7.1% against the dollar and now trades at $428.40 or 0.00723328 BTC.
• Arweave (AR) traded up 24.2% against the dollar and now trades at $33.11 or 0.00055900 BTC.
• Bitcoin SV (BSV) traded 4.6% higher against the dollar and now trades at $58.91 or 0.00099469 BTC.
• eCash (XEC) traded up 7.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

SYS is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 16th, 2014. Syscoin’s total supply is 783,921,818 coins. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. Syscoin’s official message board is syscoin.org/news. Syscoin’s official website is syscoin.org.

According to CryptoCompare, “Syscoin (SYS) is a blockchain protocol founded in 2014 by Sebastian Schepis, designed to merge the security of Bitcoin with the functionality of Ethereum into a single, scalable platform. It supports the creation of decentralized applications and custom tokens, leveraging a dual-chain architecture that includes the Ethereum-compatible NEVM and a Bitcoin-based Syscoin UTXO blockchain. Syscoin aims to offer fast, secure, and low-cost transactions, with features like optimistic and ZK rollups for enhanced scalability. Led by the non-profit Syscoin Foundation, with development spearheaded by SYS Labs, the ecosystem fosters innovation in decentralized finance (DeFi) and NFT marketplaces. Syscoin’s unique blend of Bitcoin’s and Ethereum’s strengths positions it as a versatile and efficient blockchain for a wide range of applications.”

Syscoin Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView