Syscoin (SYS) Price Reaches $0.0850 on Major Exchanges

Syscoin (SYS) traded down 0.1% against the dollar during the 1-day period ending at 10:00 AM Eastern on November 4th. Syscoin has a total market capitalization of $67.89 million and approximately $2.84 million worth of Syscoin was traded on exchanges in the last day. In the last week, Syscoin has traded down 16% against the dollar. One Syscoin coin can now be purchased for approximately $0.0850 or 0.00000124 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $68,419.43 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $336.58 or 0.00491937 BTC.
• Bitcoin SV (BSV) traded down 0.7% against the dollar and now trades at $46.09 or 0.00067361 BTC.
• Arweave (AR) traded 2.1% higher against the dollar and now trades at $13.66 or 0.00019960 BTC.
• eCash (XEC) traded down 0% 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 798,888,913 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. The official message board for Syscoin 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 trade Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. 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