Syscoin Price Reaches $0.0995 (SYS)

Syscoin (SYS) traded down 3.4% against the dollar during the 24-hour period ending at 9:00 AM ET on October 31st. One Syscoin coin can currently be bought for approximately $0.0995 or 0.00000139 BTC on cryptocurrency exchanges. Syscoin has a market cap of $79.38 million and $1.48 million worth of Syscoin was traded on exchanges in the last day. During the last week, Syscoin has traded down 8.8% against the dollar.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $71,400.38 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $371.17 or 0.00519812 BTC.
• Arweave (AR) traded down 2.9% against the dollar and now trades at $16.09 or 0.00022537 BTC.
• Bitcoin SV (BSV) traded up 3.6% against the dollar and now trades at $52.13 or 0.00073006 BTC.
• eCash (XEC) traded up 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

Syscoin (CRYPTO: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 798,066,267 coins. Syscoin’s official website is syscoin.org. 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. 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.”

Buying and Selling Syscoin

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

SYS/USD price chart by TradingView