Always conduct thorough research and consider your risk tolerance before engaging in cryptocurrency or high-leverage trading. If the bulls take charge, the price of SYS could reach the $1.28 mark by the end of the year. The SYS price has signaled a correlation with Bitcoin and is thus likely to follow the four-year crypto cycles.
News & Analysis
Nevertheless, some digital assets have managed to overcome the odds and remain relevant even after years of existence. 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 bullish momentum might halt here for a bit, as we are witnessing a strong sell-off on almost all cryptocurrencies for the past few weeks. Syscoin (SYS) first listed by major cryptocurrency data aggregators around August 20, 2014. This date typically signifies its broader public availability and recognition in the market.
SYS Price Analysis & Short-Term Price Prediction
One of the simplest methods to predict the future price of a cryptocurrency like Syscoin (SYS) is by looking at prior price history on a chart. Our monthly forecast for Syscoin (SYS) outlines potential price targets for each month over the upcoming year. These short-to-medium term predictions are derived from factors including recent performance, market sentiment, trading volume, volatility, and broader cryptocurrency market trends. This forecast can help in assessing potential market expectations for SYS. Fundamental analysis of Syscoin is crucial when predicting the price of the SYS token in the long term. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key.
Orca Price Prediction, ORCA Forecast
- Syscoin offers the ability to carry out financial transactions and provides a platform for the reliable exchange of goods, assets, digital certificates, and data.
- This SYS price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of SYS continues in an upwards direction with no major setbacks.
- As for Syscoin’s overall layer 1 architecure, it is dual-chain with a modular (rollup-centric) design.
- In this article, we at Coinpedia have derived an SYS price prediction based on its past performance, fundamentals, and future crypto possibilities.
- Barry’s research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
From this data you may be able to create your own SYS price prediction and trade accordingly. After failing to rally beyond the all-time high set in 2018 during the 2021 bull rally, the SYS price faced a significant resistance level around $1.28. In case of further bearish crypto sentiments in the coming months, the SYS price may find a robust support level around the COVID-19 lows before rebounding toward its all-time high. Syscoin (SYS) is a blockchain protocol founded in 2014 by Sebastian Schepis, designed to merge the security of Bitcoin with the functionality of Ethereum into a single, scalable platform.
It supports the creation of decentralized applications and custom syscoin price prediction tokens, leveraging a dual-chain architecture that includes the Ethereum-compatible NEVM and a Bitcoin-based Syscoin UTXO blockchain. Syscoin aims to offer fast, secure, and low-cost transactions, with features like optimistic and ZK rollups for enhanced scalability. Led by the non-profit Syscoin Foundation, with development spearheaded by SYS Labs, the ecosystem fosters innovation in decentralized finance (DeFi) and NFT marketplaces. Syscoin’s unique blend of Bitcoin’s and Ethereum’s strengths positions it as a versatile and efficient blockchain for a wide range of applications. Blockmarket 3.0 will feature a host of improvements such as graphic user interface upgrades, shapeshift integration for easy conversion of different cryptocurrencies, escrow support, etc. With all these developments taking place, there is a strong possibility that investor interest in Syscoin will increase in the coming months, which could lead to price appreciation.
The Syscoin token (SYS) is used to access these services and decentralized applications (dApps) built atop the Syscoin protocol. Refresh your knowledge of complicated crypto terms with our glossary. The network utilizes incentivized full nodes (masternodes) to serve multi-quorum chainlocks for finality. You can find out more about the incentives and requirements to run a Syscoin masternode at sysnode.info. If the bulls are strong enough to build a base around here, new highs in the coming months might be around the corner.
Bitcoin
We can predict the price of SYS both in the short term and long term, but expectations need to be reasonable for each. Long term we think SYS will appreciate based on the fundamentals of the Syscoin project and the progress the Team is making towards their roadmap goals and milestones. In the following chart we can see that SYS has had many interactions with the areas marked in yellow, specifically at points marked by green arrows. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen.
The SYS price action in 2026 will heavily depend on 2025’s market performance, whereby we predict that the altcoin may hit a peak of $1.792 and a possible low of about $0.042. The Syscoin project has existed in the last decade after positioning itself as a decentralized blockchain that combines Bitcoin (BTC) security and Ethereum-like smart contract functionality. It’s important to note that the content on the BitcoinWisdom website shouldn’t be considered investment advice. Investing is speculative and when you invest money, your entire capital is at risk. You should do your own research before investing in any company or product.
Syscoin is a dual-chain architecture that focuses on rollups. This consists of an Ethereum-based blockchain called Network Enhanced Virtual Machine (NEVM), which is fully compatible with any Ethereum smart contract or rollup. Syscoin was created as a blockchain protocol that offers various services, including a decentralized marketplace, tokenization, and identity management. It utilizes a hybrid consensus model which combines Proof-of-Work (PoW) and Proof-of-Stake (PoS).
This SYS price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of SYS continues in an upwards direction with no major setbacks. Another way to make a Syscoin (SYS) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with Syscoin (SYS) news and planning the buy or sell Syscoin (SYS) around key events is a method long term Traders use consistently. Founded in 2013, Bitcoin Wisdom strives to provide informative and accurate bitcoin news, price predictions, investing guides and exchange reviews… Create your account below to receive exclusive access to a wide range of trading tools such as premium Syscoin price predictions, advanced SYS buy/sell signals and much more. When deciding on if Syscoin (SYS) is a good investment for you, taking into account risk and reward is crucial.
Syscoin is a cryptocurrency that offers a wide range of features, including the ability to create smart contracts, decentralized exchanges, and blockchain-based marketplaces. Despite its many features, Syscoin has seen relatively low adoption and trading volume. Nevertheless, the coin has a strong team of developers and an active community. Overall, Syscoin is a decent altcoin with potential, but it remains to be seen if it can gain mainstream traction. For investors considering a longer timeframe, these are our AI-generated year-end price predictions for Syscoin (SYS) over the next five years.
Recently, there has been a surge of activity around NFTs as they offer a new way to represent ownership of digital or even physical assets on the blockchain. This will open up numerous possibilities for enterprise applications built on top of private blockchains. Another notable development is Blockmarket 3.0, which is an upgrade to the existing decentralized marketplace built on Syscoin’s blockchain. Syscoin Core, or Syscoin Main, is the name of the other blockchain. It is a Bitcoin-based blockchain with an asset layer that supports both fungible and non-fungible tokens, taproot, Z-DAG, and other features.
These features allow businesses and individuals to create their own marketplaces, store data securely, and send payments quickly and easily. If SYS loses the momentum here and starts to trade under the 200 EMA, there is strong support available at around 2,000 sats. In this article, we will observe SYS price charts against USDT and BTC, on both higher and lower time frames.
- In addition to offering financial transaction capabilities, the Syscoin platform also enables the exchange of goods, assets, digital certificates, and data.
- When these EMA’s are lined up with the fastest moving one (the 21 EMA) on the top, with the others lined up in order too, the trend is up and they tend to provide support.
- Despite this recent dip, the long-term trend for average price and minimum price still seems to be positive, with strong fundamentals supporting continued growth for the platform.
- Another notable development is Blockmarket 3.0, which is an upgrade to the existing decentralized marketplace built on Syscoin’s blockchain.
Utilizing Indicators
Syscoin has positioned itself as a successful business platform integrated directly into the blockchain. The coin has formed its own circle of supporters who are ready to engage in mining and sale, and consequently, support the life of this digital currency. These factors guarantee the stability of Syscoin in the nearest future. It also has established partnerships with key figures in the industry like Binance and Microsoft Azure. All of these factors combined have guarded Syscoin a place within 200 best cryptocurrencies on the market.
Good Investment? Current price today: ▲0.0361 USD (+0.253%)
Based on our prediction model, the SYS price may reach a peak of about $3.193 and a potential low of about $0.0748. Syscoin (SYS) is traded across 94 market pairs on various exchanges, indicating its availability and trading ecosystem. The trading volume for SYS over the last 24 hours was approximately $1.52M. A higher number of market pairs and significant trading volume generally suggest better liquidity for the asset. Based on Coinpedia’s formulated prediction model, the SYS price may reach a peak of $1.28 by the end of 2025 and a potential low of around $0.03. In this article, we at Coinpedia have derived an SYS price prediction based on its past performance, fundamentals, and future crypto possibilities.