Syscoin Price Down 17.8% This Week (SYS)

Syscoin (SYS) traded 1.6% lower against the dollar during the 24 hour period ending at 0:00 AM Eastern on October 5th. One Syscoin coin can now be bought for approximately $0.0952 or 0.00000154 BTC on popular cryptocurrency exchanges. Syscoin has a total market cap of $75.48 million and $1.15 million worth of Syscoin was traded on exchanges in the last day. During the last seven days, Syscoin has traded 17.8% lower against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.1% against the dollar and now trades at $61,904.47 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.1% against the dollar and now trades at $322.55 or 0.00521049 BTC.
• Arweave (AR) traded 0.8% higher against the dollar and now trades at $18.62 or 0.00030074 BTC.
• Bitcoin SV (BSV) traded 0.5% higher against the dollar and now trades at $45.67 or 0.00073780 BTC.
• eCash (XEC) traded down 0.4% 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. It launched on August 16th, 2014. Syscoin’s total supply is 792,569,633 coins. Syscoin’s official website is syscoin.org. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. 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.

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 presently 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, Gemini or GDAX. 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