Syscoin Reaches Market Cap of $59.79 Million (SYS)

Syscoin (SYS) traded up 2.7% against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on February 14th. One Syscoin coin can now be bought for about $0.0742 or 0.00000076 BTC on major cryptocurrency exchanges. In the last week, Syscoin has traded 12.8% higher against the U.S. dollar. Syscoin has a total market capitalization of $59.79 million and approximately $2.75 million worth of Syscoin was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $97,303.35 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.6% higher against the dollar and now trades at $344.84 or 0.00354241 BTC.
• Bitcoin SV (BSV) traded up 3.5% against the dollar and now trades at $40.42 or 0.00041526 BTC.
• Arweave (AR) traded 5% higher against the dollar and now trades at $9.46 or 0.00009719 BTC.
• eCash (XEC) traded 3.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

Syscoin (CRYPTO:SYS) 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 805,226,922 coins. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official message board for Syscoin is syscoin.org/news. 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.

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 purchase alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to acquire Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView