Syscoin (SYS) Charged by Bulls Amidst the Ongoing Bearish Market

Syscoin price takes an upward hike while the entire crypto market is ridden with a bearish trend. Syscoin basically offers a digitized marketplace that recently upgraded to 3.1 version and got integrated into CoinSpot platform. 
Published by
Syscoin (SYS) Charged by Bulls Amidst the Ongoing Bearish Market

Syscoin price takes an upward hike while the entire crypto market is ridden with a bearish trend. Syscoin basically offers a digitized marketplace that recently upgraded to 3.1 version and got integrated into CoinSpot platform.

Advertisement

Syscoin (SYS) emerges a winner with 12% price surge

Currently, the cryptocurrency market is riding the bearish trend including the dominant cryptocurrency Bitcoin which is bordering on $8,000 price level. Altcoins like Ethereum, Bitcoin Cash and Dash among others are doing even worse by experiencing the drop of between 3-9 percent.

However, today’s winner with positive market value is Syscoin (SYS) which has risen 12.79 percent in the past 24 hours and is trading at $0.440 USD at the time of writing. With the market cap of over $230 million, SYS has the 24-hour trading volume of about $34 million.

Despite the market wide downward trend, Syscoin which is ranking at 71 also saw a gain of 5.40 percent against BTC.

If we take a look at the past 7 days data, during which the entire crypto market has been continuing its downward trend, Syscoin was at $0.375 which went up to $0.425 level, even climbing to $0.468 level yesterday.

A special attraction regarding Syscoin is the BlockMarket app that basically offers complete features to send as well as receive the SYS. Moreover, it keeps your transaction logs in order, allows you to send encrypted messages, buy and sell items and resell other items.

Recently, CoinSpot integrated Syscoin on its platform though there is no such information shared by Syscoin. The majority of its volume is traded through Binance, Upbit and Bittrex.

Also, read: Tron Bulls Reappear while Accelerating Towards its MainNet Launch

Syscoin harboring potential

With thousands of coins out there, it could be pretty hard for crypto enthusiasts and investors to move down from the top ones. However, there are plenty of cryptos that may be present at the bottom of the list but holds great value and potential.

Launched in late 2014, Syscoin has been originally created through a Bitcoin fork that brings us to the Syscoin 2.1 version that has been recently updated to the Syscoin 3.1 version. SYS has an algorithm that allows it to be merge-mined with Bitcoin.

Syscoin provides a decentralized marketplace with unlimited inventory items and near zero cost transactions. It also offers the benefits of escrow service, integrated exchange and digital certificates with no downtime.

At the end of last month, on April 30 Syscoin upgraded its system to 3.0 version which drove SYS price to $0.55 and now it is one of the few cryptos to registers gains.

What are your views on Syscoin and Syscoin price taking a surge amidst the bear market? Share your thoughts with us!

Advertisement

Share
Casper Brown

I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025