Syscoin (SYS) Price Reaches $0.19 on Exchanges

Syscoin (SYS) traded up 1.4% against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on May 24th. Over the last week, Syscoin has traded 2.3% lower against the U.S. dollar. One Syscoin coin can currently be bought for $0.19 or 0.00000272 BTC on popular cryptocurrency exchanges. Syscoin has a market capitalization of $147.05 million and approximately $1.52 million worth of Syscoin was traded on exchanges in the last 24 hours.

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

  • Bitcoin (BTC) traded up 1.3% against the dollar and now trades at $68,640.59 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $496.09 or 0.00722732 BTC.
  • Arweave (AR) traded 1.3% lower against the dollar and now trades at $40.42 or 0.00058891 BTC.
  • Bitcoin SV (BSV) traded down 0.4% against the dollar and now trades at $63.79 or 0.00092927 BTC.
  • eCash (XEC) traded 1.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

Syscoin 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 787,025,797 coins. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official message board for Syscoin is syscoin.org/news. The official website for Syscoin is syscoin.org. 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.”

Buying and Selling Syscoin

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

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