Syscoin (SYS) Price Down 7.6% Over Last Week

Syscoin (SYS) traded 2.5% higher against the dollar during the one day period ending at 23:00 PM Eastern on May 3rd. In the last week, Syscoin has traded 7.6% lower against the dollar. Syscoin has a total market capitalization of $159.19 million and $3.26 million worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can currently be purchased for about $0.20 or 0.00000324 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 5% higher against the dollar and now trades at $62,749.32 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 6% against the dollar and now trades at $464.30 or 0.00739922 BTC.
• Arweave (AR) traded 3.9% higher against the dollar and now trades at $35.29 or 0.00056234 BTC.
• Bitcoin SV (BSV) traded 8.6% higher against the dollar and now trades at $64.66 or 0.00103052 BTC.
• eCash (XEC) traded up 7.9% 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. Its genesis date was August 16th, 2014. Syscoin’s total supply is 783,921,818 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 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.

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 US dollars. Investors seeking to acquire Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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