Syscoin is investigating in the Blockchain the unmeasured and sudden growth of 245% in the value of its Cryptocurrencies, after the purchase of 1 SYS by 96 Bitcoins, in Binance, which means it was acquired by more than 627,000 dollars, according to the current exchange rate of CoinMarketCap.
One of the rumors that immediately expanded through the networks was a possible hack, although another theory points to a malfunction of the Binance platform. It is very strange that a few hours after the acquisition of 1 SYS, Binance initiated the maintenance of its system, so it suspended its commerce, retreats services and other accounts functions. Binance then clarified that, because of an irregular trade in some APIs, it eliminated all API keys as a preventive security measure. A few hours later the platform reactivated the creation of API keys for its clients and resumed trading operations.
Syscoin features
Syscoin is a Cryptocurrency that not only allows low cost financial transactions, but also provides companies with infrastructure for the trading of goods, assets, digital certificates and data in a secure way. The Syscoin token is available in markets such as Bittrex and Poloniex. Both Syscoin and Bitcoin share the same algorithm, so there is the possibility of a merged mining, although experts consider the Blockchain of Syscoin to be better than the Bitcoin. Some even claim that Syscoin is the Swiss knife of Blockchain platforms. Syscoin offers near-zero transaction rates and faster speed than the Bitcoin. This combination makes Cryptocurrencies very safe and practical.
Syscoin's market capitalization volume is greater than 150 million dollars and its price is $0.2838; Although after the purchase made at Binance its price amounted temporarily at $0.4925 and market capitalization reached 264 million dollars. According to CoinMarketCap, Syscoin occupies the 66th position in the best Cryptocurrency ranking.
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