Currencies that are positively correlated with Syscoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Syscoin, a move in one direction for Syscoin would translate into a move in the opposite direction for the negatively correlated coin. Additionally, the Syscoin NEVM phase one will introduce the world’s first blockchain capable of powering the metaverse, smart cities, and hosting public and private organisations’ requirements.
Its average cost is expected at around $0.8715 during the year. Market experts expect that in December 2024, the Syscoin value will not drop below a minimum of $0.100. The estimated average trading value will be at the level of $0.111. The daily chart indicates that the initial point of resistance on the upside is located at the $0.1273 level.Additionally, there is another resistance level at $0.1076 based on the exponential moving average. The highest price ever recorded for SYS was $1.21, which we consider to be a key level for the price of Syscoin to potentially return to in the next bull run. However, our algorithmic prediction system suggests that the price may exceed this level and reach as high as $16.81 within the next ten years.
Technical Analysis
They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Cryptocurrency analysts are ready to announce their estimations of the Syscoin’s price.
- It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.
- Such nodes participate in multi-quorum chainlocks, which improve security even more than using Nakamoto consensus.
- It is estimated that SYS will be traded between $0.8409 and $1.04 in 2030.
Syscoin Price Prediction 2026
During the last month, the price of SYS has increased by 23.16%, adding a colossal average amount of $0.04 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow. Algorithmic forecasting tools, including Wallet Investor, DigitalCoin and Price Prediction (as of 5 January) suggest the coin had potential for future gains. Price Prediction estimated that Syscoin could exceed $100 by 2031. Between October 2017 and January 2018, Syscoin moved in an uptrend, gaining more than 500%. However, the price fell to $0.03 by 11 December 2018, a more than 96% drop in value.
What will the price of Syscoin be next month?
To simplify the latest SYS price prediction, we have divided the prediction by short term Syscoin price prediction and long term Syscoin price prediction. Today, the trading volume of Syscoin has gone up by +3.63% in the past 30 days. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Syscoin’s price action in 1-hour chunks. Each candlestick will display SYS’s opening price, closing price, as well as the highest and lowest prices that Syscoin reached within the 1-hour period. Syscoin traders use a variety of tools to try and determine the direction in which the SYS market is likely to head next.
When trying to make a Syscoin forecast, many traders also try to monitor the activity of SYS syscoin price prediction “whales”, which are entities and individuals that control large amounts of SYS. Since the Syscoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Syscoin’s price movements. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
Syscoin is a proof-of-work blockchain with two layers that provides infrastructure for the development of Web 3.0 apps. Syscoin is a proof of work (PoW) coin that uses the SHA-256 algorithm. 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.
The year 2050 will be determined by the maximum SYS price of $86.85. The year 2040 will be determined by the maximum SYS price of $59.93. The year 2033 will be determined by the maximum SYS price of $3.15. The year 2031 will be determined by the maximum SYS price of $1.47.
According to our historical data, it is currently profitable to invest in Syscoin. The price of Syscoin increased by 10.61% in the last 1 year, while the coin’s 3-year performance is -73.86%. The current Syscoin sentiment is neutral according to our technical analysis.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 51.05, which indicates that the SYS market is in a neutral position. As of now, Syscoin (SYS) price is $0.22 with Syscoin market capitalization of $171,080,273.22. In the middle of autumn 2024, the Syscoin cost will be traded at the average level of $0.113. Crypto analysts expect that in November 2024, the SYS price might fluctuate between $0.108 and $0.118.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SYS price. Currently, the Syscoin Fear & Greed Index stands at 83, which means that investors’ sentiment is in the so-called Extreme Greed zone. Syscoin price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .