Syscoin Market Cap Achieves $51.51 Million (SYS)

Syscoin (SYS) traded 5.9% lower against the U.S. dollar during the 1 day period ending at 12:00 PM ET on February 6th. In the last seven days, Syscoin has traded down 31.4% against the U.S. dollar. Syscoin has a market capitalization of $51.51 million and $2.85 million worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can currently be bought for approximately $0.0640 or 0.00000066 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $96,617.90 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 4.8% against the dollar and now trades at $316.51 or 0.00327593 BTC.
• Bitcoin SV (BSV) traded down 5.7% against the dollar and now trades at $38.71 or 0.00040064 BTC.
• Arweave (AR) traded 8.1% lower against the dollar and now trades at $9.65 or 0.00009991 BTC.
• eCash (XEC) traded down 4.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Syscoin

Syscoin (CRYPTO:SYS) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on August 16th, 2014. Syscoin’s total supply is 805,226,922 coins. 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. Syscoin’s official message board 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.”

Buying and Selling Syscoin

It is usually not presently 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView