Syscoin Market Cap Hits $145.02 Million (SYS)

Syscoin (SYS) traded down 9.1% against the US dollar during the 24-hour period ending at 7:00 AM ET on May 1st. One Syscoin coin can currently be purchased for $0.18 or 0.00000322 BTC on exchanges. During the last week, Syscoin has traded 22.6% lower against the US dollar. Syscoin has a market capitalization of $145.02 million and $3.27 million worth of Syscoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 6.5% against the dollar and now trades at $57,480.30 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 8.1% lower against the dollar and now trades at $406.50 or 0.00707197 BTC.
• Arweave (AR) traded 19.2% lower against the dollar and now trades at $27.39 or 0.00047648 BTC.
• Bitcoin SV (BSV) traded down 8.8% against the dollar and now trades at $57.01 or 0.00099185 BTC.
• eCash (XEC) traded 8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

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 783,921,818 coins. Syscoin’s official message board is syscoin.org/news. The official website for Syscoin is syscoin.org. 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 possible to purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView