Syscoin (SYS) Price Up 102.6% This Week

Syscoin (SYS) traded down 28.7% against the dollar during the 1-day period ending at 9:00 AM Eastern on August 20th. Over the last seven days, Syscoin has traded 102.6% higher against the dollar. Syscoin has a total market capitalization of $119.47 million and approximately $223.65 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can currently be purchased for approximately $0.15 or 0.00000248 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 3.8% higher against the dollar and now trades at $60,699.11 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.7% higher against the dollar and now trades at $340.90 or 0.00561619 BTC.
• Arweave (AR) traded up 8.9% against the dollar and now trades at $22.89 or 0.00037712 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $42.71 or 0.00070356 BTC.
• eCash (XEC) traded 3.4% higher 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 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.”

Syscoin Coin Trading

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

SYS/USD price chart by TradingView