Syscoin (SYS) Tops 24-Hour Trading Volume of $3.48 Million

Syscoin (SYS) traded down 18.7% against the US dollar during the 1-day period ending at 22:00 PM ET on August 4th. Syscoin has a total market capitalization of $53.84 million and $3.48 million worth of Syscoin was traded on exchanges in the last 24 hours. Over the last seven days, Syscoin has traded 37.1% lower against the US dollar. One Syscoin coin can now be purchased for $0.0679 or 0.00000126 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 11.4% lower against the dollar and now trades at $53,925.94 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 16.8% lower against the dollar and now trades at $302.15 or 0.00560309 BTC.
• Arweave (AR) traded 19.3% lower against the dollar and now trades at $18.73 or 0.00034738 BTC.
• Bitcoin SV (BSV) traded 18% lower against the dollar and now trades at $35.63 or 0.00066067 BTC.
• eCash (XEC) traded down 20.7% 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 launch date was August 16th, 2014. Syscoin’s total supply is 792,569,633 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.”

Syscoin Coin Trading

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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView