Syscoin (SYS) Reaches Market Capitalization of $149.71 Million

Syscoin (SYS) traded down 0.2% against the dollar during the 1-day period ending at 13:00 PM Eastern on May 26th. Syscoin has a total market cap of $149.71 million and $1.23 million worth of Syscoin was traded on exchanges in the last day. One Syscoin coin can now be bought for $0.19 or 0.00000276 BTC on major exchanges. In the last week, Syscoin has traded 4.9% higher against the dollar.

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

• Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $68,805.31 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.5% against the dollar and now trades at $484.66 or 0.00704394 BTC.
• Arweave (AR) traded down 4.3% against the dollar and now trades at $38.55 or 0.00056026 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $63.45 or 0.00092218 BTC.
• eCash (XEC) traded 2% lower 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. Its launch date was August 16th, 2014. Syscoin’s total supply is 787,025,797 coins. 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. The official website for Syscoin 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 possible to buy alternative cryptocurrencies such as Syscoin directly using U.S. dollars. Investors seeking to acquire Syscoin should first buy 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 buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView