Syscoin (SYS) Trading 14.8% Lower This Week

Syscoin (SYS) traded up 4.7% against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on February 25th. In the last seven days, Syscoin has traded 14.8% lower against the US dollar. One Syscoin coin can now be purchased for $0.0113 or 0.00000017 BTC on major exchanges. Syscoin has a market cap of $9.59 million and approximately $3.29 million worth of Syscoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 2.4% against the dollar and now trades at $1.84 or 0.00002722 BTC.
• Bitcoin (BTC) traded 7% higher against the dollar and now trades at $67,553.76 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 7.8% against the dollar and now trades at $516.07 or 0.00763403 BTC.
• Bitcoin SV (BSV) traded up 10.7% against the dollar and now trades at $16.71 or 0.00024724 BTC.
• eCash (XEC) traded 5.7% 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 848,972,568 coins. Syscoin’s official website 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. 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 possible to purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to acquire Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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