Daily Crypto Update: SYS Rises 30.19 percent in 24 hours!

Daily Crypto Update: SYS Rises 30.19 percent in 24 hours!

Syscoin (SYS) has risen 30.19 percent in the last 24 hours. The cryptocurrency saw a low of 0.35 USD yesterday, May 16, and is now being traded at 0.47 USD.

What is SYS?

Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses with the infrastructure to trade goods, assets, digital certificates and data securely.

Syscoin isn’t just about money and trading, it has the ability to attract all business types thanks to its native set of features geared towards the financial sector. From eBay traders and High Street shops to selling that one last item that you couldn’t even give away at your garage sale, Syscoin’s decentralized network benefits everyone!

Unlike other cryptocurrencies, Syscoin’s intrinsic value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Syscoin trades under the symbol SYS in virtual currency exchanges.

Reasons for the Rise

One of the biggest reason for the rise of the cryptocurrency could be that Dan Wasyluk the CEO of Syscoin is finding ways to add Syscoin to the Shapeshift.io exchange. SHapeshift is supporting dozens of tokens right now including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin, and others.

Other Big Gainers

The top ten cryptocurrencies that have gained considerably in the crypto market in the last 24 hours apart from Syscoin are:

Augur (REP) has gained 17.11 percent, and iExec (RLC) has gained 15.73 percent.

Mixin (XIN) has gained 10.28 percent.

Lisk (LSK) has gained 9.06 percent, while Huobi Token (HT) has gained 8.83 percent.

EOS (EOS) has gained 8.47 percent, and Komodo (KMD) has gained 6.95 percent.

Veritaseum (VERI) has gained 6.06 percent, while Cyber Miles (CMT) has gained 5.78 percent.

The last cryptocurrency which made its way into the list of gainers is Bitshares (BTS) with 5.58 percent.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.