Syscoin Trading Down 15% Over Last Week (SYS)

Syscoin (SYS) traded down 2.3% against the US dollar during the 1-day period ending at 11:00 AM Eastern on January 25th. One Syscoin coin can now be bought for $0.0944 or 0.00000090 BTC on popular cryptocurrency exchanges. Syscoin has a market cap of $75.91 million and approximately $1.02 million worth of Syscoin was traded on exchanges in the last day. During the last seven days, Syscoin has traded 15% lower against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $104,845.96 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 1.2% against the dollar and now trades at $443.22 or 0.00422734 BTC.
• Bitcoin SV (BSV) traded 1.1% higher against the dollar and now trades at $52.49 or 0.00050064 BTC.
• Arweave (AR) traded down 1.5% against the dollar and now trades at $14.67 or 0.00013990 BTC.
• eCash (XEC) traded 1.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Profile

Syscoin (CRYPTO:SYS) 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 803,764,544 coins. The official message board for Syscoin is syscoin.org/news. 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 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 US dollars. Investors seeking to acquire Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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