Syscoin (SYS) Achieves Market Capitalization of $65.88 Million

Syscoin (SYS) traded 10.2% lower against the US dollar during the 1 day period ending at 11:00 AM E.T. on February 2nd. One Syscoin coin can now be purchased for $0.0820 or 0.00000083 BTC on major exchanges. Syscoin has a market capitalization of $65.88 million and $1.47 million worth of Syscoin was traded on exchanges in the last 24 hours. In the last seven days, Syscoin has traded 15.7% lower against the US dollar.

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

• Bitcoin (BTC) traded down 3.2% against the dollar and now trades at $98,811.57 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 7.3% against the dollar and now trades at $388.20 or 0.00392864 BTC.
• Bitcoin SV (BSV) traded down 8.8% against the dollar and now trades at $44.15 or 0.00044682 BTC.
• Arweave (AR) traded down 12% against the dollar and now trades at $13.28 or 0.00013441 BTC.
• eCash (XEC) traded 9.1% 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 genesis date was August 16th, 2014. Syscoin’s total supply is 803,764,544 coins. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The official website for Syscoin is syscoin.org. Syscoin’s official message board 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.

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.”

Syscoin Coin Trading

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, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView