Syscoin Market Cap Achieves $51.51 Million (SYS)

Syscoin (SYS) traded 5.9% lower against the U.S. dollar during the 24-hour period ending at 12:00 PM ET on February 6th. Syscoin has a market capitalization of $51.51 million and $2.85 million worth of Syscoin was traded on exchanges in the last day. During the last seven days, Syscoin has traded 31.4% lower against the U.S. dollar. One Syscoin coin can now be purchased for $0.0640 or 0.00000066 BTC on popular exchanges.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $96,617.90 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.8% lower against the dollar and now trades at $316.51 or 0.00327593 BTC.
• Bitcoin SV (BSV) traded down 5.7% against the dollar and now trades at $38.71 or 0.00040064 BTC.
• Arweave (AR) traded 8.1% lower against the dollar and now trades at $9.65 or 0.00009991 BTC.
• eCash (XEC) traded 4.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin 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 805,226,922 coins. Syscoin’s official website is syscoin.org. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. Syscoin’s official message board 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView