Syscoin Trading Down 6.7% Over Last 7 Days (SYS)

Syscoin (SYS) traded down 3.3% against the US dollar during the 1-day period ending at 7:00 AM ET on August 1st. Over the last seven days, Syscoin has traded down 6.7% against the US dollar. One Syscoin coin can now be purchased for about $0.0929 or 0.00000144 BTC on major cryptocurrency exchanges. Syscoin has a market cap of $73.51 million and approximately $1.25 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 down 2.4% against the dollar and now trades at $64,474.53 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.5% lower against the dollar and now trades at $418.39 or 0.00648925 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $28.86 or 0.00044763 BTC.
• Bitcoin SV (BSV) traded down 4.8% against the dollar and now trades at $48.97 or 0.00075946 BTC.
• eCash (XEC) traded 1.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

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 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. Syscoin’s official website is syscoin.org. 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.”

Buying and Selling Syscoin

It is usually not currently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView