Syscoin (SYS) Market Cap Tops $76.78 Million

Syscoin (SYS) traded 1% higher against the dollar during the one day period ending at 17:00 PM E.T. on October 10th. One Syscoin coin can currently be purchased for about $0.0969 or 0.00000162 BTC on major cryptocurrency exchanges. Syscoin has a total market cap of $76.78 million and $1.58 million worth of Syscoin was traded on exchanges in the last 24 hours. Over the last week, Syscoin has traded up 6.7% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $59,781.56 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.2% against the dollar and now trades at $320.60 or 0.00536381 BTC.
• Arweave (AR) traded 1.3% lower against the dollar and now trades at $17.75 or 0.00029695 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $43.40 or 0.00072607 BTC.
• eCash (XEC) traded 0.5% lower 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 launch date was August 16th, 2014. Syscoin’s total supply is 792,569,633 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. The official message board for Syscoin 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 possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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