Syscoin (SYS) Trading Down 1.2% This Week

Syscoin (SYS) traded 2.1% lower against the dollar during the 24-hour period ending at 10:00 AM ET on October 23rd. One Syscoin coin can currently be bought for $0.10 or 0.00000152 BTC on popular cryptocurrency exchanges. Syscoin has a total market cap of $81.15 million and $2.51 million worth of Syscoin was traded on exchanges in the last 24 hours. During the last week, Syscoin has traded 1.2% lower against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $66,785.88 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.1% against the dollar and now trades at $351.54 or 0.00526362 BTC.
• Arweave (AR) traded 0.3% lower against the dollar and now trades at $18.11 or 0.00027110 BTC.
• Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $47.24 or 0.00070732 BTC.
• eCash (XEC) traded 1.4% lower 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. It was first traded on August 16th, 2014. Syscoin’s total supply is 798,066,267 coins. 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 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.”

Buying and Selling Syscoin

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

SYS/USD price chart by TradingView