Cryptocurrencies rose on Tuesday as traders started moving back to the market. Bitcoin, which sets the tone in the crypto industry rose to a high of $61,453, its highest point since August 14 and 24% above its lowest point this year. This recovery means that Bitcoin has moved into a local bull market.

Syscoin (SYS) has experienced a dramatic price surge of over 78%, driven by the introduction of SYSUSDT futures trading on Binance.

After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space.

Syscoin, one of the oldest blockchain platforms in the world, has been accused of an ongoing conspiracy to manipulate the SYS token supply and allegedly defraud investors through Syscoin Foundation. The project, which started in 2014, said it wanted to combine the best features of Bitcoin and Ethereum.

As we approach mid-2024, significant bullish catalysts such as the launch of Bitcoin Spot ETFs and the Bitcoin Halving have occurred. After such moves, Bitcoin and altcoins are now at a critical juncture. Despite the potential downside risks, some altcoins show a bullish configuration with the possibility of a 5x increase in value.

Story Highlights The live price of SYS token is Syscoin price might hit a maximum of $0.29 by the end of 2024. SYS token with a potential surge could go as high as $1.26 by the end of 2030. Over the past year, the cryptocurrency market has experienced remarkable growth.

Syscoin's zkDA mechanism looks to pave the way for a new era of interoperability on Bitcoin.

Top 5 altcoins to watch in the crypto market in July 2023: An important Ethereum conference will be held on July 5-9. A Radix (XRD) upgrade will go live while SysCoin (SYS) will release its public mainnet.

Sys Labs, the developer behind the Syscoin blockchain, which aims to combine Ethereum-style programmability with Bitcoin's security, has launched a “layer 2” network called Rollux for cheaper and faster transactions.

Gifto, the blockchain-based web3 gifting platform, is embarking on its most promising year with its revolutionary Megaexpansion plan, introducing a new token and expanding its offerings with new products. The project is also actively partnering with various top-tier blockchain projects and has secured funding from multiple venture capital firms.

December 21, 2022 – Eindhoven, Netherlands Syscoin, a decentralized and open-source project founded in 2014, has announced a long-term partnership with WEconomy, the largest Web 3.0 incubator in Asia. The move marks a significant expansion milestone for the Syscoin ecosystem and adoption across Asia.

Singapore - 29/09/22 - Syscoin, the veteran blockchain network which provides developers with secure and scalable infrastructure solutions, has released its first rollup solution, Rollux OPv1, on the public testnet.  Rollux is Syscoin's in-house rollup suite, and it's the only rollup in the world backed by Bitcoin's gold standard PoW security.

Over the past year, the cryptocurrency market has experienced remarkable growth. Due to numerous projects becoming marginalized in the market, many have transformed the entire scenario. One such project is Syscoin. It employs a blockchain network to abolish the necessity for financial intermediaries.

As the blockchain industry starts gaining strength again, there has been a surge in the demand for underrated cryptocurrencies.

Syscoin is positioned to be the first platform to offer Layer 1 data availability in combination with a cross-chain, EVM-compatible ZK rollup.

Syscoin and Thorchain are two key platforms revolutionizing ETH, BTC. The Syscoin team is focusing hard on rolling out its new smart contract.

The decentralized finance (DeFi) platform, Luxy, unveiled its first NFT marketplace on the Syscoin network. Accordingly, Luxy is also the first NFT marketplace to be hosted on Syscoin, making it a milestone worth celebrating for the platform.

Starting with optimistic rollups, Syscoin's Rollux suite will enable layer 2 scaling technologies on top of Syscoin's Bitcoin-secured smart contracts. EINDHOVEN, Netherlands--(BUSINESS WIRE)--Syscoin, a state-of-the-art base layer protocol that unique...

Syscoin, a scalable blockchain protocol designed to allow for fast and secure applications, has released its Layer 2 rollup suite dubbed Rollux to enable native or cross bridge apps to tap into Web3 services. The feature is part of Syscoin's march towards the release of its ‘Phase 2: Rollups' and will see projects benefit from […] The post Syscoin releases Layer 2 Rollup Suite dubbed Rollux appeared first on Invezz.

Syscoin has launched its Layer 2 rollup suite that aims to help Web3 projects scale up. We discuss how this could impact the market.

Syscoin launches a comprehensive in-house Layer 2 rollup suite Rollex.

Syscoin has launched its Layer 2 rollup suite that aims to help Web3 projects scale up. We discuss how this could impact the market.

Syscoin prices are firm, adding 10 percent. SYS crypto prices are above the middle BB with relatively high trading volumes.