After the long journey finally, the crypto market is growing and started getting mainstream acceptance. Also, some of the big e-commerce platforms like Amazon and eBay are planning to start receiving payment through cryptocurrency. Syscoin is aiming to provide a decentralized marketplace so that e-commerce platforms like Amazon can run their money. In short, Syscoin could be the next Walmart or Amazon. So without wasting too much time let’s get started and deep dive into the details. Along with that, we will try to find out Syscoin (SYS) Price Prediction for the next few years.
What is Syscoin?
Syscoin is a blockchain-based protocol that offers fast and low-cost tokens, digital assets, and NFT’s that are secured by censorship resistance and the hashrate of Bitcoin. Syscoin is an open-source and decentralized platform that was started back in 2014. This project aims to create a platform that will change the experience of blockchain by introducing the best features of Ethereum and Bitcoin.
This platform is capable of performing 600,000 transactions per second with the lowest transaction fees. So users will have to spend just a penny for completing their transaction. Syscoin is a proof of work blockchain platform that is having a hashrate very close to bitcoin.
Even though the traditional centralized e-commerce platforms have been criticized for their monopolistic tactics and poor labor treatment. And just because we don’t have many alternatives to these platfroms we are still using them. But Syscoin is planning to replace these platforms through its blockchain technology where users can trade directly with each other by using virtual currency. And if it happens then it would be a complete game-changer for every one of us.
Syscoin (SYS) Details:
|Total Supply||888,000,000 SYS|
Syscoin (SYS) Price Prediction:
The recent version of Syscoin is nothing but the combined work of blockchain foundry and the Syscoin foundation. These are having the latest and innovative technologies which will make Syscoin one of the best-decentralized platforms for NFT’s payments and non-custodial compliance.
In the last week, the officials of Syscoin announced that Blockchain Intelligence Group is going to be the first analytics and monitoring solution that will support Syscoin Network in the upcoming time. This partnership will help Syscoin to improve future proof payments, tokens, assets, and NFT transfer.
After this announcement, this project started showing bullish trends and the price of the SYS coin is continuously increasing. As per the expert’s analysis and Syscoin (SYS) Price Prediction, this project will cross the $0.6 mark by the end of 2021. And in the next five years, this coin will reach $2.
Even though the initial growth of this project was quite slow but in the last few months, this project is showing some promising growth. Along with higher transaction speed, this project has now achieved a higher level of security. The success of this project is now completely dependent on acceptance from the users and investors.