Syscoin Reaches Market Cap of $75.91 Million (SYS)

Syscoin (SYS) traded down 2.3% against the U.S. dollar during the one day period ending at 11:00 AM ET on January 25th. In the last seven days, Syscoin has traded 15% lower against the U.S. dollar. One Syscoin coin can currently be bought for $0.0944 or 0.00000090 BTC on major exchanges. Syscoin has a total market cap of $75.91 million and approximately $1.02 million worth of Syscoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $104,845.96 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.2% higher against the dollar and now trades at $443.22 or 0.00422734 BTC.
• Bitcoin SV (BSV) traded 1.1% higher against the dollar and now trades at $52.49 or 0.00050064 BTC.
• Arweave (AR) traded 1.5% lower against the dollar and now trades at $14.67 or 0.00013990 BTC.
• eCash (XEC) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

Syscoin (CRYPTO: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. 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. 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 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 Coinbase, GDAX or Gemini. 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