Syscoin Reaches Market Capitalization of $81.97 Million (SYS)

Syscoin (SYS) traded down 3.8% against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on November 22nd. One Syscoin coin can now be bought for approximately $0.10 or 0.00000104 BTC on popular exchanges. During the last week, Syscoin has traded 6.2% higher against the U.S. dollar. Syscoin has a total market capitalization of $81.97 million and $3.42 million worth of Syscoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $98,581.22 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.7% against the dollar and now trades at $485.40 or 0.00492383 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $66.90 or 0.00067866 BTC.
• Arweave (AR) traded down 2.4% against the dollar and now trades at $17.51 or 0.00017757 BTC.
• eCash (XEC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

SYS is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 16th, 2014. Syscoin’s total supply is 798,888,913 coins. The official website for Syscoin is syscoin.org. The official message board for Syscoin 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.

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 US dollars. Investors seeking to trade Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView