Syscoin Price Up 6.6% This Week (SYS)

Syscoin (SYS) traded 3.7% lower against the dollar during the 24 hour period ending at 15:00 PM E.T. on August 14th. One Syscoin coin can now be purchased for $0.0734 or 0.00000124 BTC on cryptocurrency exchanges. Syscoin has a market capitalization of $58.16 million and $1.34 million worth of Syscoin was traded on exchanges in the last 24 hours. Over the last seven days, Syscoin has traded 6.6% higher against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 2.6% lower against the dollar and now trades at $59,114.92 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3.6% lower against the dollar and now trades at $339.12 or 0.00573661 BTC.
• Arweave (AR) traded 2.4% lower against the dollar and now trades at $21.25 or 0.00035953 BTC.
• Bitcoin SV (BSV) traded 0.4% lower against the dollar and now trades at $43.54 or 0.00073645 BTC.
• eCash (XEC) traded 3.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

Syscoin 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 792,569,633 coins. Syscoin’s official message board 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 currently possible to purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView