Syscoin Trading Down 19.2% This Week (SYS)

Syscoin (SYS) traded 7.7% lower against the dollar during the 24-hour period ending at 17:00 PM ET on November 4th. In the last week, Syscoin has traded 19.2% lower against the dollar. One Syscoin coin can currently be purchased for approximately $0.0808 or 0.00000120 BTC on popular cryptocurrency exchanges. Syscoin has a market capitalization of $64.51 million and $2.63 million worth of Syscoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 2.7% lower against the dollar and now trades at $67,205.94 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 5.7% against the dollar and now trades at $323.25 or 0.00481756 BTC.
• Bitcoin SV (BSV) traded 5.8% lower against the dollar and now trades at $44.60 or 0.00066466 BTC.
• Arweave (AR) traded down 9.5% against the dollar and now trades at $12.55 or 0.00018700 BTC.
• eCash (XEC) traded 5.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

SYS 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 798,888,913 coins. 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. Syscoin’s official website 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 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 Coinbase, Changelly or GDAX. 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