Syscoin (SYS) Hits Market Cap of $218.73 Million

Syscoin (SYS) traded down 3% against the U.S. dollar during the 1-day period ending at 10:00 AM E.T. on March 29th. Syscoin has a market cap of $218.73 million and $5.43 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can currently be purchased for $0.28 or 0.00000397 BTC on major exchanges. In the last week, Syscoin has traded up 13.8% against the U.S. dollar.

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

• Bitcoin (BTC) traded down 1.7% against the dollar and now trades at $70,403.83 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 7.8% against the dollar and now trades at $617.62 or 0.00877253 BTC.
• Arweave (AR) traded down 3.2% against the dollar and now trades at $41.01 or 0.00058254 BTC.
• Bitcoin SV (BSV) traded up 4.9% against the dollar and now trades at $97.09 or 0.00137908 BTC.
• eCash (XEC) traded up 4.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Profile

Syscoin 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 783,287,645 coins. 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. The official website for Syscoin 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 buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to acquire Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. 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