It offers AI price feed, NFT copyright protection and royalty protocol services. The official announcement stated that this cooperation aspired to empower the cryptocurrency community by providing professional portfolio management services for their digital asset investments. Between the last week of April and early May, prices showed a bullish momentum, and SYS reached $0.76 by 5 May 2021. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. SYS Labs, an enterprise, leads the development of flagship apps and systems built on Syscoin, including Rollux (OPStack L2), SuperDapp, Pegasys DAO (DEX), and Luxy (NFT marketplace). The total circulating supply of Syscoin at the time of writing is 798.89M syscoin price prediction and the market cap of SYS remains at $85.16M.
Syscoin Crypto Price Prediction, Value and Chart (SYS)
According to CoinMarketCap’s data, as of 5 January, SYS has returned a ROI of 57,513% since its inception. However, since its launch in 2014, it has been a very volatile cryptocurrency with several periods of ups and downs. Historically the price of SYS last day of November was above the open price seven times out of 11, and 4 out of 11 the price was lower than the price at the start of the month. The best month for Syscoin has been February for the last eleven years, eight times the price of SYS at the end of February was higher than the price at the start of the month. The worst month is September, nine times out of 11, the price at the end of September was lower than starting price.
What is the best and worst month for Syscoin price historically?
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What is the Syscoin price prediction for next week?
Therefore, on average, you can expect the SYS price to be around $1.88 in 2032. Every year, cryptocurrency experts prepare forecasts for the price of Syscoin. It is estimated that SYS will be traded between $0.8409 and $1.04 in 2030.
Bitcoin (BTC) and ethereum (ETH) failed to gain momentum and lost 3.22% and 0.25%, respectively, in the last seven days, according to CoinMarketCap. Based on multiple technical quantitative indicators, the current forecast for Syscoin in 2024 is neutral. This could be an indication that Syscoin is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Syscoin or not.
Meanwhile, the ultimate oscillator and moving average convergence divergence (MACD) kept neutral. Short-term Syscoin technical analysis from CoinCodex was bullish, with 28 indicators giving bullish signals and three bearish signals, as of 5 January 2022. The cryptocurrency market has been bearish since the start of 2022.
Syscoin moved from $0.062 on 1 January 2021 to $0.45 by 15 April 2021, increasing more than 600%. Bulls finally took hold and aggressively pushed the prices to $0.12 by 23 July 2020, a more than 900% spike. Syscoin’s 20% hashing power is used to mine bitcoin, adding to the overall security. In addition, Syscoin aims to recruit more bitcoin miners to provide one of the most secure settlement layers possible. Syscoin is merged-mined with Bitcoin and functions alongside Ethereum through the NEVM smart contract architecture.
The circulation supply of Syscoin is $152,862,556.08, with a market cap of 787,025,797 SYS. All the daily and weekly simple moving averages and exponential moving averages were giving ‘buy’ signals. While the hull moving average (HMA), relative strength index (RSI) and stochastic RSI were giving ‘sell’ signals.
- Syscoin moved from $0.062 on 1 January 2021 to $0.45 by 15 April 2021, increasing more than 600%.
- In our Syscoin (SYS) price projection for 2026, we anticipate a trading range of $0.1282 and $1.28.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- Between October 2017 and January 2018, Syscoin moved in an uptrend, gaining more than 500%.
- Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.
Going even further, considering all previous highs and lower time frame prognoses, the prediction for 2040 is $11.70. As for Syscoin’s overall layer 1 architecure, it is dual-chain with a modular (rollup-centric) design. Overall, the architecture enables users and developers to leverage the strengths of each “gold standard” model (Bitcoin and Ethereum) while creating new synergies between them where appropriate, such as PoDA.