Syscoin (SYS) Price Tops $0.11 on Top Exchanges

Syscoin (SYS) traded 3.5% lower against the dollar during the 1-day period ending at 11:00 AM ET on January 1st. One Syscoin coin can currently be bought for approximately $0.11 or 0.00000118 BTC on popular cryptocurrency exchanges. In the last seven days, Syscoin has traded down 5% against the dollar. Syscoin has a market capitalization of $89.00 million and approximately $1.36 million worth of Syscoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $94,116.15 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.6% against the dollar and now trades at $442.41 or 0.00470069 BTC.
• Arweave (AR) traded up 2.4% against the dollar and now trades at $17.03 or 0.00018098 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $50.89 or 0.00054067 BTC.
• eCash (XEC) traded down 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

Syscoin (SYS) 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 802,462,067 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 trade Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. 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