Syscoin Market Capitalization Achieves $156.17 Million (SYS)

Syscoin (SYS) traded down 0% against the U.S. dollar during the 24 hour period ending at 12:00 PM ET on May 4th. One Syscoin coin can now be bought for $0.20 or 0.00000313 BTC on major exchanges. Over the last seven days, Syscoin has traded down 8% against the U.S. dollar. Syscoin has a market capitalization of $156.17 million and approximately $2.70 million worth of Syscoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $63,585.79 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.9% higher against the dollar and now trades at $465.94 or 0.00732777 BTC.
• Arweave (AR) traded 1.2% lower against the dollar and now trades at $35.09 or 0.00055189 BTC.
• Bitcoin SV (BSV) traded up 5.3% against the dollar and now trades at $65.48 or 0.00102985 BTC.
• eCash (XEC) traded 6.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Coin Profile

SYS 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 783,921,818 coins. Syscoin’s official message board 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.”

Syscoin Coin Trading

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 Gemini, Coinbase 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