Syscoin (SYS) Hits Market Cap of $81.97 Million

Syscoin (SYS) traded 0.5% lower against the dollar during the 1 day period ending at 22:00 PM Eastern on October 30th. Syscoin has a market cap of $81.97 million and $1.59 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can currently be purchased for $0.10 or 0.00000142 BTC on major exchanges. Over the last week, Syscoin has traded 0.8% higher against the dollar.

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

  • Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $72,093.67 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $369.15 or 0.00512049 BTC.
  • Arweave (AR) traded down 1% against the dollar and now trades at $16.53 or 0.00022927 BTC.
  • Bitcoin SV (BSV) traded 1.4% lower against the dollar and now trades at $50.48 or 0.00070017 BTC.
  • eCash (XEC) traded down 2.6% 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 launched on August 16th, 2014. Syscoin’s total supply is 798,066,267 coins. The official website for Syscoin 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. The official message board for Syscoin is syscoin.org/news.

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 acquire Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the aforementioned exchanges.

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