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The crypto space never ceases to amaze its investors with sharp price spikes. Over the past 14 days, the Syscoin (SYS) layer 1 and 2 solution token has skyrocketed by 22%. At the time of writing, the crypto asset is trading at $1.07 with a market capitalization of $677 million.
Currently, the cryptocurrency is ranked 145th in the overall ranking of cryptocurrencies according to the CoinGecko aggregator. The 24-hour trading volume was $35 million.
Judging by the chart above, the cryptocurrency was able to maintain its uptrend despite the highest market volatility. From a trading price of $0.3 in October 2021, the coin was able to rise to $1.13 in the first days of 2022.
If this trend continues, SYS will be able to overcome the $1.33 resistance level and further improve its position.
In the most optimistic scenario, the price of SYS could reach $2 before the end of the first quarter of 2022. This will allow the network to attract more investors.
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