Syscoin (SYS) Price Up 6.3% This Week

Syscoin (SYS) traded 6% higher against the dollar during the 24 hour period ending at 13:00 PM ET on January 17th. One Syscoin coin can currently be purchased for approximately $0.12 or 0.00000112 BTC on popular cryptocurrency exchanges. Syscoin has a market capitalization of $93.69 million and $1.63 million worth of Syscoin was traded on exchanges in the last day. Over the last seven days, Syscoin has traded 6.3% higher against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 5.1% higher against the dollar and now trades at $104,408.64 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 4.4% higher against the dollar and now trades at $487.31 or 0.00466731 BTC.
• Bitcoin SV (BSV) traded 1% higher against the dollar and now trades at $58.41 or 0.00055943 BTC.
• Arweave (AR) traded 1.2% lower against the dollar and now trades at $17.45 or 0.00016714 BTC.
• eCash (XEC) traded down 0.2% 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. It was first traded on August 16th, 2014. Syscoin’s total supply is 803,764,544 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 Twitter account is @syscoin and its Facebook page is accessible here. The official website for Syscoin 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 presently possible to buy alternative cryptocurrencies such as Syscoin directly using US dollars. Investors seeking to trade Syscoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Syscoin using one of the exchanges listed above.

SYS/USD price chart by TradingView