Syscoin Market Cap Hits $172.25 Million (SYS)

Syscoin (SYS) traded down 0.7% against the U.S. dollar during the 1-day period ending at 14:00 PM E.T. on April 28th. Syscoin has a market cap of $172.25 million and $1.81 million worth of Syscoin was traded on exchanges in the last day. Over the last seven days, Syscoin has traded down 13.2% against the U.S. dollar. One Syscoin coin can currently be bought for approximately $0.22 or 0.00000345 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $63,751.50 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0% higher against the dollar and now trades at $480.68 or 0.00753997 BTC.
• Arweave (AR) traded up 11.7% against the dollar and now trades at $36.95 or 0.00057956 BTC.
• Bitcoin SV (BSV) traded 0.1% higher against the dollar and now trades at $67.29 or 0.00105547 BTC.
• eCash (XEC) traded 0.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Coin 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 783,921,818 coins. 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. The official message board for Syscoin is syscoin.org/news. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly 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