Syscoin (SYS) Reaches One Day Trading Volume of $1.74 Million

Syscoin (SYS) traded 12.4% lower against the US dollar during the one day period ending at 10:00 AM E.T. on July 4th. One Syscoin coin can now be purchased for $0.11 or 0.00000186 BTC on exchanges. Over the last seven days, Syscoin has traded down 17.6% against the US dollar. Syscoin has a market capitalization of $84.09 million and approximately $1.74 million worth of Syscoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 5.3% lower against the dollar and now trades at $57,275.31 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 8.3% against the dollar and now trades at $343.71 or 0.00599728 BTC.
• Arweave (AR) traded 13% lower against the dollar and now trades at $23.78 or 0.00041486 BTC.
• Bitcoin SV (BSV) traded 12% lower against the dollar and now trades at $37.96 or 0.00066235 BTC.
• eCash (XEC) traded down 8.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin 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 789,698,811 coins. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. Syscoin’s official message board is syscoin.org/news. The official website for Syscoin is syscoin.org. 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.”

Syscoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX 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