Syscoin

Last modified on 11. October 2020

Quick Facts

Syscoin is a relatively large cryptocurrency. On 1 October 2020, it had a market capitalization of nearly US$ 29.8 million, meaning it had captured less than 0.01 percent of the market for digital currencies.^1|2 Its ticker symbol is SYS.

The user known as danosphere launched Syscoin on 9 May 2016 via bitcointalk.org. The tracking of real-time trading data by coinmarketcap.com subsequently launched in September 2014.

http://syscoin.org

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of Syscoin during the first trimester of 2019 was just above US$ 511 k per day. This figure came to over US$ 5.7 m during the same period in the previous year. The corresponding downward retracement of trading volume equated to 91.1 percent.

For the first trimester of 2019, the average market capitalization was over US$ 26.8 m. This figure came to over US$ 312 m during the same time frame the year before. The corresponding downward retracement of market capitalization equated to 91.4 percent.

Trading Price

The average trading price during the first trimester of 2019 equated to US$ 0.050986. This figure came to over US$ 0.63 during the same time frame of 2018. The price retraced accordingly by 92 percent.

The all-time high of Syscoin in 2018

The price of the Syscoin currency reached a high in January 2018 at nearly one. At this trading price, the coin reached a market capitalization of nearly US$ 472 million. This put Syscoin in the ballpark of certain other digital currencies, such as Bytom, Factom, Kyber Network, FunFair and Voyager Token, among others.

Syscoins all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 231 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 901 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 111 billion.

• Syscoin (SYS): 0.472 bn US dollars
• Bitcoin (BTC): 231 bn US dollars
• Apple (AAPL): 901 bn US dollars
• VW (VWAGY): 111 bn US dollars
• Date: 14 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Syscoin stood at US$ 0.051179 with a market capitalization of over US$ 27.6 million. Compared with the peak trading price stated above, this represents a drop down to approximately 5.2 percent.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The Syscoin is a native coin and is generated via mining. It has a maximum supply of exactly 888 million coins. Those interested in the source code should also take a look at the GitHub page.

This block explorer can be used to track the current block height and other recent statistics around all Syscoin transactions.

Further information about Syscoin, including the white paper and other links to source code, community forums and social media accounts can be found on http://syscoin.org.

Markets

EUR

One trading platform for buying or selling Syscoin in EUR is LiteBit.eu.

USD

There are a number of platforms where you can buy or sell Syscoin, including CoinEx and BW.com.

BTC

A large market for buying or selling Syscoin in BTC is Binance. Additional trading platforms for buying or selling Syscoin in BTC are VCC Exchange, CoinEx and BW.com, among others.

Social Links

You can contact the Syscoin team directly by going to the following social media channels:

• Facebook (@Syscoin)
• Twitter (@syscoin)
• Telegram (@Syscoin_Official)
• Reddit (/r/SysCoin)

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^{1. Or 0.0201 percent, if omitting Bitcoin.}

^{2. Read about our sources}