Syscoin (SYS) Price Down 25.8% This Week

Syscoin (SYS) traded up 5.4% against the dollar during the 24 hour period ending at 19:00 PM ET on August 6th. In the last week, Syscoin has traded 25.8% lower against the dollar. Syscoin has a total market cap of $56.92 million and approximately $1.63 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can now be purchased for $0.0718 or 0.00000128 BTC on major exchanges.

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

• Bitcoin (BTC) traded 2.7% higher against the dollar and now trades at $56,257.64 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded up 0.9% against the dollar and now trades at $316.64 or 0.00562837 BTC.
• Arweave (AR) traded up 4.4% against the dollar and now trades at $20.61 or 0.00036639 BTC.
• Bitcoin SV (BSV) traded 2.6% higher against the dollar and now trades at $37.43 or 0.00066540 BTC.
• eCash (XEC) traded 5.3% higher 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 792,569,633 coins. The official message board for Syscoin is syscoin.org/news. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed here. Syscoin’s official website is syscoin.org.

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

SYS/USD price chart by TradingView