Decred Market Cap Hits $208.27 Million (DCR)

Decred (DCR) traded 4.2% higher against the dollar during the 24 hour period ending at 7:00 AM Eastern on October 29th. During the last seven days, Decred has traded down 1.2% against the dollar. One Decred coin can now be purchased for about $12.69 or 0.00017827 BTC on major cryptocurrency exchanges. Decred has a market capitalization of $208.27 million and $1.42 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded 4.7% higher against the dollar and now trades at $44.81 or 0.00062948 BTC.
• Bitcoiva (BCA) traded up 2.8% against the dollar and now trades at $4.48 or 0.00006294 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001398 BTC.
• Bitcoin Diamond (BCD) traded up 1.1% against the dollar and now trades at $0.0589 or 0.00000083 BTC.
• WhiteCoin (XWC) traded down 0.8% against the dollar and now trades at $0.0121 or 0.00000017 BTC.
• Navcoin (NAV) traded up 1.1% against the dollar and now trades at $0.0310 or 0.00000044 BTC.
• Memetic (MEME) traded 1.5% lower against the dollar and now trades at $0.0129 or 0.00000018 BTC.
• ReddCoin (RDD) traded down 1.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 3.8% higher against the dollar and now trades at $27,055.64 or 0.38005239 BTC.
• Aion (AION) traded 6.1% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,410,722 coins. Decred’s official website is decred.org. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred is medium.com/decred.

According to CryptoCompare, “Decred (DCR) is a hybrid PoW/PoS blockchain-based cryptocurrency, designed to ensure community involvement, open governance, and sustainable development funding. Stakeholders, or DCR holders, play a pivotal role in determining consensus rules, the blockchain’s evolution, and treasury funds allocation. Block rewards in Decred are split between PoW miners (10%), stakeholders (80%), and the Decred Treasury (10%). Stakeholders can stake their DCR for voting tickets, which grants them the power to vote on rule change proposals and approve PoW miners’ work. The Decred Treasury’s usage is decided via Politeia proposals and voting by live ticket holders. Launched in 2016 by co-founders including Alex and Jake Yocom-Piatt, Decred aims to create a truly decentralized cryptocurrency governed actively by its community.”

Decred Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView