Syscoin Price Reaches $0.20 on Top Exchanges (SYS)

Syscoin (SYS) traded 2.1% higher against the U.S. dollar during the 1-day period ending at 23:00 PM Eastern on May 5th. Syscoin has a total market capitalization of $158.60 million and $2.37 million worth of Syscoin was traded on exchanges in the last 24 hours. During the last week, Syscoin has traded down 6% against the U.S. dollar. One Syscoin coin can now be bought for approximately $0.20 or 0.00000317 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $63,851.69 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $467.20 or 0.00731696 BTC.
• Arweave (AR) traded up 11.1% against the dollar and now trades at $39.99 or 0.00062629 BTC.
• Bitcoin SV (BSV) traded up 0.6% against the dollar and now trades at $64.55 or 0.00101091 BTC.
• eCash (XEC) traded up 1.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Syscoin Coin Profile

Syscoin (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 783,921,818 coins. Syscoin’s official message board is syscoin.org/news. Syscoin’s official Twitter account is @syscoin and its Facebook page is accessible here. The Reddit community for Syscoin is https://reddit.com/r/syscoin and the currency’s Github account can be viewed 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 acquire Syscoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Syscoin using one of the aforementioned exchanges.

SYS/USD price chart by TradingView