Syscoin (SYS) Market Capitalization Tops $153.77 Million

Syscoin (SYS) traded 7.6% lower against the US dollar during the 24-hour period ending at 20:00 PM E.T. on April 30th. Syscoin has a market capitalization of $153.77 million and approximately $2.80 million worth of Syscoin was traded on exchanges in the last day. During the last week, Syscoin has traded down 17.7% against the US dollar. One Syscoin coin can currently be bought for about $0.20 or 0.00000324 BTC on exchanges.

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

• Bitcoin (BTC) traded 5.1% lower against the dollar and now trades at $60,499.36 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 6.2% against the dollar and now trades at $433.85 or 0.00717108 BTC.
• Arweave (AR) traded 16.1% lower against the dollar and now trades at $30.04 or 0.00049655 BTC.
• Bitcoin SV (BSV) traded down 7.3% against the dollar and now trades at $60.46 or 0.00099939 BTC.
• eCash (XEC) traded 6.2% 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 783,921,818 coins. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. The official website for Syscoin is syscoin.org. 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 currently possible to buy alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to trade Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView