Syscoin Hits Market Cap of $69.87 Million (SYS)

Syscoin (SYS) traded down 7.7% against the US dollar during the 1-day period ending at 17:00 PM Eastern on August 1st. One Syscoin coin can now be bought for $0.0883 or 0.00000136 BTC on popular cryptocurrency exchanges. During the last seven days, Syscoin has traded 12.4% lower against the US dollar. Syscoin has a market capitalization of $69.87 million and approximately $2.35 million worth of Syscoin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 0.1% higher against the dollar and now trades at $64,792.97 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $413.60 or 0.00638338 BTC.
• Arweave (AR) traded 7% lower against the dollar and now trades at $27.37 or 0.00042240 BTC.
• Bitcoin SV (BSV) traded down 4.7% against the dollar and now trades at $47.33 or 0.00073049 BTC.
• eCash (XEC) traded up 1.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

Syscoin is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on August 16th, 2014. Syscoin’s total supply is 791,612,393 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 currently 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView