Syscoin Price Down 3.2% This Week (SYS)

Syscoin (SYS) traded up 3.5% against the US dollar during the 1-day period ending at 20:00 PM Eastern on October 29th. One Syscoin coin can currently be bought for approximately $0.10 or 0.00000143 BTC on popular cryptocurrency exchanges. Syscoin has a total market capitalization of $82.51 million and $2.00 million worth of Syscoin was traded on exchanges in the last day. Over the last seven days, Syscoin has traded 3.2% lower against the US dollar.

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

• Bitcoin (BTC) traded 3.8% higher against the dollar and now trades at $72,466.09 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.1% higher against the dollar and now trades at $385.37 or 0.00531433 BTC.
• Arweave (AR) traded 4.6% higher against the dollar and now trades at $16.93 or 0.00023347 BTC.
• Bitcoin SV (BSV) traded up 1.7% against the dollar and now trades at $51.86 or 0.00071521 BTC.
• eCash (XEC) traded up 3.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin 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 798,066,267 coins. 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. 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 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 Coinbase, Changelly or GDAX. 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