Syscoin Trading 4.9% Lower This Week (SYS)

Syscoin (SYS) traded up 6% against the dollar during the twenty-four hour period ending at 22:00 PM Eastern on September 7th. During the last seven days, Syscoin has traded down 4.9% against the dollar. Syscoin has a market capitalization of $82.61 million and $2.95 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can now be purchased for $0.10 or 0.00000192 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $54,214.25 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 2.1% against the dollar and now trades at $300.59 or 0.00554403 BTC.
• Arweave (AR) traded 1.5% lower against the dollar and now trades at $19.77 or 0.00036467 BTC.
• Bitcoin SV (BSV) traded 0.9% higher against the dollar and now trades at $44.33 or 0.00081758 BTC.
• eCash (XEC) traded up 2.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

Syscoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was August 16th, 2014. Syscoin’s total supply is 792,569,633 coins. Syscoin’s official message board is syscoin.org/news. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official website for Syscoin 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.”

Buying and Selling Syscoin

It is usually not possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to acquire Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView