Syscoin Market Capitalization Achieves $157.13 Million (SYS)

Syscoin (SYS) traded down 0.4% against the U.S. dollar during the 1-day period ending at 17:00 PM ET on May 5th. During the last seven days, Syscoin has traded down 8.6% against the U.S. dollar. One Syscoin coin can now be purchased for about $0.20 or 0.00000314 BTC on exchanges. Syscoin has a total market capitalization of $157.13 million and $2.06 million worth of Syscoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $63,746.82 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.3% higher against the dollar and now trades at $468.10 or 0.00734311 BTC.
• Arweave (AR) traded up 10.1% against the dollar and now trades at $39.52 or 0.00061992 BTC.
• Bitcoin SV (BSV) traded 1.8% lower against the dollar and now trades at $64.46 or 0.00101123 BTC.
• eCash (XEC) traded down 2.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Syscoin

Syscoin 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. 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. Syscoin’s official message board is syscoin.org/news.

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 U.S. dollars. Investors seeking to acquire Syscoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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