Syscoin (SYS) Maintains +1331% Bullish Position, Eyes $2 Soon

The crypto space never fails to surprise it’s investors with its aggressive movement in the market. This time, Syscoin (SYS), a full Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology, skyrocketed to almost +30% in the past 14 days. At the time of writing, the network trades at a bullish price of $1.13 per crypto, a position that attracts investors globally.

In terms of its market status, crypto has a huge market cap amounting to almost $720 million. This made Syscoin as one of the top one hundred fifty digital assets in CoinGecko. Furthermore, the crypto has a 24-hour trading volume amounting to more than $35 million.

Based on the graph above, the crypto was able to maintain its uptrend position despite the market’s wild volatility. From a trading price of $0.3 in October 2021, the crypto was able to climb its position to $1.13 in the early days of 2022. If this trend keeps on, SYS might be able to smash its $1.33 resistance level and advance its position in no time. 

Best of all, if the market remains in favor of the crypto, SYS might reach the bullish price of $2 before the first quarter of 2022 ends. But of course, there is a big chance that this will happen if the network can invite more investors into its platform along with the bullish market on its side.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.