SysCoin - top gainer during the BTC drawback.
Coin of the day is SysCoin.
SysCoin technology allows users to conduct low-cost transactions like Bitcoin and also acts as a medium for business trading, provides businesses the infrastructure for trading goods, assets, digital certificates and data securely.
The primary product of the Syscoin team is Blockmarcket, a blockchain powered marketplace "where you can securely and reliably buy and sell any items you wish". They position themselves as a future competitor to Amazon and eBay. Syscoin offers a set of technologies: a global network, a distributed ledger, a decentralized database and a blockchain.
Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm.
For now, it’s one of the cheapest cryptocurrencies regarding transaction fees (behind zero-fee transaction cryptocurrencies NEO and NANO), even cheaper than Ripple.
Syscoin is present in the industry since 2014, relatively long for blockchain companies and has a fully functional product.
Latest events
Added to the Shapeshift.io. Shapeshift is popular cryptocurrency exchange platform.
Technicals
Bottomed on the 2018.04.05 testing the Bearish Trend Line once again. SYSBTC global pattern bottomed on the 2017.12.08, since then the coin is rising, drawing each retracement bottom higher than previous, which fits into a bullish bias. Having bounce off from the Bullish Trend Line the coin crossed 100-days EMA and 0.00005 psychological level, aiming to test Bearish Trend Lone once again. A breakthrough above the Bearish Trend Line and 0.00006 level will be a signal of the new growth cycle beginning. 0.00005 level must stay strong to support the growth scenario.
SysCoin technology allows users to conduct low-cost transactions like Bitcoin and also acts as a medium for business trading, provides businesses the infrastructure for trading goods, assets, digital certificates and data securely.
The primary product of the Syscoin team is Blockmarcket, a blockchain powered marketplace "where you can securely and reliably buy and sell any items you wish". They position themselves as a future competitor to Amazon and eBay. Syscoin offers a set of technologies: a global network, a distributed ledger, a decentralized database and a blockchain.
Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm.
For now, it’s one of the cheapest cryptocurrencies regarding transaction fees (behind zero-fee transaction cryptocurrencies NEO and NANO), even cheaper than Ripple.
Syscoin is present in the industry since 2014, relatively long for blockchain companies and has a fully functional product.
Latest events
Added to the Shapeshift.io. Shapeshift is popular cryptocurrency exchange platform.
Technicals
Bottomed on the 2018.04.05 testing the Bearish Trend Line once again. SYSBTC global pattern bottomed on the 2017.12.08, since then the coin is rising, drawing each retracement bottom higher than previous, which fits into a bullish bias. Having bounce off from the Bullish Trend Line the coin crossed 100-days EMA and 0.00005 psychological level, aiming to test Bearish Trend Lone once again. A breakthrough above the Bearish Trend Line and 0.00006 level will be a signal of the new growth cycle beginning. 0.00005 level must stay strong to support the growth scenario.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.