Syscoin Information

Syscoin stands out in the cryptocurrency space by blending blockchain technology with traditional e-commerce functionalities, allowing users to create and trade assets seamlessly. Its innovative approach emphasizes scalability and security, aiming to provide businesses with the tools they need to thrive in the digital economy. With a focus on decentralized marketplaces, Syscoin is positioned as a key player in the evolution of online commerce.

0.17722 $
Syscoin

Syscoin

  • Current Price $ : 0.17722 $
  • Price Change 24h : 0.01960 $
  • Price Change % 24h : 12.43574 %
  • Market Cap : 141 733 762
  • Market Cap Change % 24h : 12.45415 %

Understanding Syscoin: A Comprehensive Overview

Syscoin, denoted by the symbol "SYS," has emerged as a notable player in the cryptocurrency landscape since its inception. Launched in 2014, Syscoin distinguishes itself by combining the features of blockchain technology with a robust marketplace, enabling users to create and manage decentralized applications and digital assets. As we delve deeper into Syscoin, we will explore its historical performance, features, as well as its advantages and disadvantages.

Historical Performance of Syscoin

The early days of Syscoin were marked by extensive development and community building, resulting in its first major price surge. The coin achieved its all-time high (ATH) of $1.30 on January 2, 2022, signaling significant market interest. However, the cryptocurrency market is notoriously volatile, and Syscoin's price has since retraced almost 91.56% from its ATH, which illustrates the inherent risks associated with investing in cryptocurrencies.

Despite these fluctuations, Syscoin has experienced substantial growth from its all-time low (ATL) of approximately $0.00020971 in February 2015. This represents an impressive increase of over 52,000%, highlighting the potential for returns that cryptocurrencies can offer, albeit with high risk. Today, Syscoin has a current market cap of around $86.47 million, with a circulating supply of approximately 798 million SYS coins.

Advantages of Syscoin

Syscoin offers several advantages that make it an appealing option for users and investors alike:

  • Integrated Marketplace: Syscoin features a built-in marketplace that allows users to create, buy, and sell digital assets without intermediary fees, streamlining transactions.
  • Scalability: With its layer-2 solutions and use of Bitcoin’s security model, Syscoin is designed to handle high transaction volumes efficiently, which is crucial for real-world application.
  • Strong Community and Development Team: The Syscoin team is committed to ongoing development, making regular updates and improvements based on user feedback and market trends.
  • Utilization of Dual Blockchain Technology: Syscoin integrates the benefits of both Proof-of-Stake and Proof-of-Work, allowing for increased security and versatility.

Disadvantages of Syscoin

Despite its advantages, Syscoin faces certain challenges:

  • Market Competition: Syscoin operates in a crowded market with numerous competitors, including Ethereum and Binance Smart Chain, which may overshadow its unique offerings.
  • Price Volatility: As with many cryptocurrencies, Syscoin’s price can exhibit extreme volatility, posing risks for investors and inhibiting widespread adoption.
  • Complexity: The multifaceted functionalities of Syscoin’s platform can be daunting for new users, potentially hampering growth and user adoption.

Future Outlook for Syscoin

Looking ahead, the future of Syscoin will largely depend on its ability to innovate and adapt to market changes. With the increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), Syscoin has a unique opportunity to carve out a niche in these emerging sectors by enhancing its marketplace and expanding its service offerings.

Additionally, as regulations around cryptocurrencies become more defined, Syscoin's commitment to compliance and security may position it favorably within the industry. Building strong partnerships and collaborations will also be essential for Syscoin to gain further traction in the market.

Conclusion

In summary, Syscoin presents a compelling case for both users and investors looking for a versatile and innovative platform in the cryptocurrency realm. Its past performance shows significant potential for growth despite price fluctuations and challenges. By continuing to enhance its offerings and addressing market demands, Syscoin could maintain and expand its user base while solidifying its place within the broader crypto community.

General Information
Title
Syscoin
Symbol
sys
Whitepaper
https://syscoin.org/research-whitepapers
Website
http://syscoin.org/
Community
-
Last Updated
2024-12-03 23:59

Price Data
Current Price $
0.17722 $
High 24h
0.17859 $
Low 24h
0.15699 $
Price Change 24h
0.01960 $
Price Change % 24h
12.43574 %

Market Data
Market Cap
141 733 762
Total Volume
33 064 845
Market Cap Change 24h
15 696 824
Market Cap Change % 24h
12.45415 %
Return on Investment (ROI)
-

Supply and Availability
Circulating Supply
798 868 876
Total Supply
798 888 913
Max Supply
-

Historical Data
All Time High (ATH)
1.3
ATH Change %
-86.33222 %
ATH Date
2022-01-02 04:08
All Time Low (ATL)
0.00021
ATL Change %
84 769 %
ATL Date
2015-02-22 00:00
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