Syscoin Reaches Market Cap of $59.79 Million (SYS)

Syscoin (SYS) traded 2.7% higher against the US dollar during the 24 hour period ending at 12:00 PM Eastern on February 14th. Over the last seven days, Syscoin has traded up 12.8% against the US dollar. Syscoin has a market capitalization of $59.79 million and $2.75 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can currently be purchased for about $0.0742 or 0.00000076 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $97,303.35 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.6% higher against the dollar and now trades at $344.84 or 0.00354241 BTC.
• Bitcoin SV (BSV) traded up 3.5% against the dollar and now trades at $40.42 or 0.00041526 BTC.
• Arweave (AR) traded 5% higher against the dollar and now trades at $9.46 or 0.00009719 BTC.
• eCash (XEC) traded 3.3% higher 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. Its genesis date was August 16th, 2014. Syscoin’s total supply is 805,226,922 coins. The official message board for Syscoin is syscoin.org/news. Syscoin’s official website is syscoin.org. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. 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 currently possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView