Syscoin (SYS) Price Down 10.5% This Week

Syscoin (SYS) traded 5.3% lower against the dollar during the 1-day period ending at 23:00 PM Eastern on October 31st. Over the last week, Syscoin has traded 10.5% lower against the dollar. Syscoin has a market cap of $77.15 million and $1.58 million worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can currently be purchased for approximately $0.0967 or 0.00000139 BTC on popular cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 4.2% against the dollar and now trades at $69,390.20 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.4% lower against the dollar and now trades at $352.17 or 0.00507528 BTC.
• Arweave (AR) traded down 6.1% against the dollar and now trades at $15.37 or 0.00022155 BTC.
• Bitcoin SV (BSV) traded down 1.6% against the dollar and now trades at $50.62 or 0.00072949 BTC.
• eCash (XEC) traded 4.1% lower 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 798,066,267 coins. Syscoin’s official website is syscoin.org. 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. Syscoin’s official message board 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.”

Syscoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in US 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