Syscoin (SYS) Hits Market Capitalization of $75.70 Million

Syscoin (SYS) traded 6.2% higher against the dollar during the 24-hour period ending at 13:00 PM Eastern on November 6th. One Syscoin coin can now be purchased for approximately $0.0948 or 0.00000127 BTC on exchanges. During the last seven days, Syscoin has traded down 8.3% against the dollar. Syscoin has a total market cap of $75.70 million and approximately $3.03 million worth of Syscoin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 7% higher against the dollar and now trades at $74,825.81 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 8.6% higher against the dollar and now trades at $371.13 or 0.00495993 BTC.
• Arweave (AR) traded up 12.2% against the dollar and now trades at $15.42 or 0.00020602 BTC.
• Bitcoin SV (BSV) traded 7.3% higher against the dollar and now trades at $50.60 or 0.00067620 BTC.
• eCash (XEC) traded up 6.9% 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 launched on August 16th, 2014. Syscoin’s total supply is 798,888,913 coins. The official website for Syscoin is syscoin.org. The official message board for Syscoin is syscoin.org/news. 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.

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 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView