Syscoin Price Down 16.3% Over Last Week (SYS)

Syscoin (SYS) traded 3% lower against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on November 4th. Syscoin has a total market cap of $67.83 million and approximately $2.63 million worth of Syscoin was traded on exchanges in the last 24 hours. One Syscoin coin can now be purchased for about $0.0849 or 0.00000124 BTC on major cryptocurrency exchanges. Over the last seven days, Syscoin has traded 16.3% lower against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $68,237.65 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.9% lower against the dollar and now trades at $332.07 or 0.00486632 BTC.
• Bitcoin SV (BSV) traded down 3.7% against the dollar and now trades at $45.69 or 0.00066961 BTC.
• Arweave (AR) traded 5.2% lower against the dollar and now trades at $13.21 or 0.00019353 BTC.
• eCash (XEC) traded down 2.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Syscoin Coin Profile

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 798,888,913 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. Syscoin’s official website 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 purchase alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini 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