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Syscoin

SYS breakout ATHLooking back on my last SYS chart, I said that I would be bearish unless the 4H closed above approx 0.00004900. AS you can see indicated by the RED arrow, we closed just above this. Closing above here broke the common downtrend seen thought sys in the past weeks and months and we broke out. We may still have some momentum to get past the falling wedge and if we do I see us flying towards ATH. This is one to be on the lookout for. Buy the breakout above yellow rectangle seen on chart. As always DYOR but this one looks good to me. Let me know what you guys think thank you!
Long
by LuisSustaita
5
Huge potential on syscoin sys/btcLast time we had a golden cross on the daily chart, 3/4 year ago, syscoin gained x10 in value. The golden cross has happened again lately and fundamentally there are some big releases coming soon to syscoin. Blockmarket web 2.1, masternodes, anonymous transactions and a lot, lot more. Syscoin has been moving under the radar for a while and is now sitting at number 81 according to its marketcap. In my opinion its a coin which belongs in the top 20, if not top 15. For further explanation on the fundamentals you can read this article: medium.com Good luck!
S
by assassin7898
9
SYS holds potential for explosive parabolic gainI have been watching SYS for nearly a year, assessing its technicals and fundamentals. The iron is hot. Chart shows many chances for notable gains provided to traders through 2017. For long term investors, it has been, and continues to be a lucrative hold. Current technicals and fundamentals look positive. Technicals The red resistance line established through 2017 has been broken as of late December A convergence of support exists at current level Marked increase in volume average When BTC began its new rise early October, SYS demonstrated resilience beyond many other cryptos (but of course continued to display its own kind of inherent volatility). It finally gave-in a bit in early December during BTC's parabolic move, but not for long at all. It began a reversal ~Dec 14th which broke long term resistance. Target: 22k sats Fundamentals Syscoin project has been in existence since 2014, has a well-established development team. Their product is functioning, and is updated and expanded regularly. They have a good history of delivering on their roadmap, including the first functioning decentralized marketplace entirely on blockchain. Upcoming deliverables include: Masternodes: Ability for transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k/3k masternodes, etc). Return on investment is promising. In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility during sideways times as holding will be incentivized. Blockmarket Web: This brings their existing decentralized marketplace to the web, enabling ease of use without downloading a wallet or waiting for sync. Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in near future which will further compound the degree of anonymity provided. Integrated crypto exchange utilizing Flypme and Changelly (Exchange back and forth between 20+ cryptos, including SYS, directly within wallet) Instant Send: Send and receive transactions instantly. Similar sending capability as DASH, but a step beyond: A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend. Rebranding currently underway, and the promise of a significant marketing campaign to be launched leading up to Core 2 release. Over 1 million SKUs to be added to Blockmarket through their Merchant Pilot Program (NDAs in place as to who these merchants are). Ethereum Virtual Machine: Will run ethereum contracts much cheaper and faster at a fraction of the Ethereum gas price. Syscoin's parent company, Blockchain Foundry, plans to soon go public as an IPO on a Canadian stock exchange. The company objective is to promote full use of Syscoin as a DApp platform by providing blockchain solutions to businesses, organizations and institutions. As such, the Syscoin team tends to avoid hype or other questionable activity common in this market, because they must pass a certain level of scrutiny to be accepted on a Canadian stock exchange. I could actually add more points to the fundamentals, but I'm tired.... anyway, the fundamentals are good as you can see. Enjoy, and trade/invest responsibly! You are responsible for your own trading decisions!
Long
by oneEyedJack
2
SYS Trading Idea & 2018 Price ProjectionRight around the height of "Altcoin Mania" in June 2017 $SYS hit it's all-time-high vs. $BTC and has been trending downward through Q3 & Q4. Based on several project related updates scheduled for Q1 of 2018, I suspect we will see $SYS return to previous highs and potentially continue to move upward from there. I expect $SYS will break through the long term-resistance trend line eventually, and as the release of the Mainnet + Blockmarket gets nearer, along with the addition of Masternodes as an incentive to invest in and hold the token, I expect we will see fireworks. For more information on Syscoin go to: syscoin.org
Long
by MasterOfCoinage
2
Syscoin Getting Close To Psychological ResistanceFollowing the previous idea on Syscoin , it broke above the upside target and continued to move higher. The question remains how fart it could potentially go? Clearly there is a massive support at $0.33 level where previously was a resistance. This is also the price where the uptrend trendline was rejected, and price got extremely close to the 200 Moving Average, but without touching it went up again. Closest support is now at $0.68 and from there SYS/USD should continue rising. The first very strong resistance is at $0.9 and it could potentially go to $1 psychological level. If it manages to break above the $1 then another 50% rise could be on its' way, where Syscoin target is seen at $1.47. Only a break and close below the $0.33 support could invalidate bullish outlook.
SLong
by CryptoPAMM
10
SyscoinI was hoping this coin would pull back one more time before posting this, but it's looking pretty strong There is lots of room to the upside here. Fundamentally, Syscoin has lots of good news coming up. It has a solid team and is part of the Microsoft Azure network. But DYOR. Here's some upcoming news that should accelerate the price. Dec 31- Rebranding "Excited for the future of @BlockFoundry & #Syscoin, rebranding as mentioned in PR is all good and on track to launch in December" Jan 31 - Syscoin is releasing a decentralized marketplace called blockmarket. Kinda like an ebay or amazon, but no middleman taking cuts. They're not the only ones doing this, but its a good thing they have coming "Blockmarket Web 1.0 & Desktop 1.x" February 28th- Mainnet release for Blockmarket Web 1.0 & Desktop 1.x with Masternodes v1.0. Masternodes will be all the hype in 2018. Kinda like segwit was in 2018. Syscoin already has segwit enabled as well. It's also worth noting that in order for anyone to own a masternode it costs 10,000 SYS. Masternodes help secure the network and in return the stakeholders receive payouts in SYS. This means that more people with lots of SYS are incentivized to hold onto their coins and decrease the coin supply because they will be earning a passive income. Less coins = Higher price. Technically, Syscoin has major divergence showing against the downtrend and price has been bouncing between the ending wedge pattern for 2 months now. If it doesn't rocket to the upside soon, we should hopefully see a healthy pullback to test any where between the .382 or as deep as the .882 of the current impulse. Ive marked with blue arrows. RSI and stochastics are showing overbought and BTC is down, so it's probable we'll get a pullback if BTC decides to pump like it usually does. However, this market is highly speculative and news tends to push prices beyond their true values so it's hard to tell if it will pullback here. As always DYOR and keep this one on your radar for early 2018. I believe even if you get in now and it decides to pullback you will still make a profit if you can hodl until February.
by pAulseperformance