Syscoin (SYS) Trading 12% Lower Over Last 7 Days

Syscoin (SYS) traded 3.1% lower against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on January 29th. Syscoin has a market capitalization of $70.14 million and $970,261.29 worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can now be purchased for about $0.0873 or 0.00000086 BTC on cryptocurrency exchanges. In the last week, Syscoin has traded 12% lower against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $101,880.67 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 3.7% against the dollar and now trades at $409.37 or 0.00401816 BTC.
• Bitcoin SV (BSV) traded 2.8% lower against the dollar and now trades at $47.50 or 0.00046622 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $12.67 or 0.00012440 BTC.
• eCash (XEC) traded 3.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

SYS 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 803,764,544 coins. The official message board for Syscoin is syscoin.org/news. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official website for Syscoin is syscoin.org. 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 buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to acquire 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 exchanges listed above.

SYS/USD price chart by TradingView