Syscoin (SYS) Trading 8% Lower Over Last Week

Syscoin (SYS) traded 5.1% lower against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on July 22nd. Syscoin has a market cap of $86.21 million and approximately $12.12 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can currently be purchased for approximately $0.11 or 0.00000161 BTC on popular exchanges. During the last week, Syscoin has traded 8% lower against the dollar.

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

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $67,548.02 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $386.34 or 0.00571948 BTC.
• Arweave (AR) traded down 5.2% against the dollar and now trades at $31.96 or 0.00047309 BTC.
• Bitcoin SV (BSV) traded down 2.5% against the dollar and now trades at $45.92 or 0.00067974 BTC.
• eCash (XEC) traded 2.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

SYS 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 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.”

Syscoin Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView