Syscoin Price Down 21.7% This Week (SYS)

Syscoin (SYS) traded 4.3% lower against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on April 17th. One Syscoin coin can now be bought for approximately $0.21 or 0.00000347 BTC on cryptocurrency exchanges. Over the last week, Syscoin has traded 21.7% lower against the U.S. dollar. Syscoin has a total market capitalization of $166.75 million and $3.00 million worth of Syscoin was traded on exchanges in the last 24 hours.

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

• Bitcoin (BTC) traded down 2.4% against the dollar and now trades at $61,387.98 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $468.36 or 0.00762953 BTC.
• Arweave (AR) traded 2.7% higher against the dollar and now trades at $24.85 or 0.00040480 BTC.
• Bitcoin SV (BSV) traded 1% lower against the dollar and now trades at $66.15 or 0.00107756 BTC.
• eCash (XEC) traded down 3.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Coin Profile

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 783,921,818 coins. The official message board for Syscoin is syscoin.org/news. The official website for Syscoin is syscoin.org. 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.

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 aforementioned exchanges.

SYS/USD price chart by TradingView