Syscoin (SYS) Price Tops $0.20

Syscoin (SYS) traded down 0.7% against the US dollar during the 24 hour period ending at 11:00 AM E.T. on May 5th. Syscoin has a market capitalization of $155.10 million and $2.04 million worth of Syscoin was traded on exchanges in the last day. In the last seven days, Syscoin has traded down 9.3% against the US dollar. One Syscoin coin can currently be purchased for about $0.20 or 0.00000308 BTC on major exchanges.

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

• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $64,405.81 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $468.30 or 0.00728072 BTC.
• Arweave (AR) traded 15.4% higher against the dollar and now trades at $40.33 or 0.00062700 BTC.
• Bitcoin SV (BSV) traded down 0.8% against the dollar and now trades at $65.04 or 0.00101116 BTC.
• eCash (XEC) traded down 1.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Profile

SYS 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 783,921,818 coins. 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. 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.”

Buying and Selling Syscoin

It is usually not presently possible to purchase alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView