Decred Market Cap Achieves $197.25 Million (DCR)

Decred (DCR) traded down 0.9% against the dollar during the one day period ending at 8:00 AM ET on March 18th. During the last week, Decred has traded 9.2% higher against the dollar. Decred has a market cap of $197.25 million and $2.31 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be bought for approximately $11.82 or 0.00014313 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded down 0.3% against the dollar and now trades at $43.37 or 0.00052519 BTC.
• Zano (ZANO) traded down 5.7% against the dollar and now trades at $6.94 or 0.00008394 BTC.
• Bitcoiva (BCA) traded 0.6% lower against the dollar and now trades at $4.63 or 0.00005609 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001209 BTC.
• WhiteCoin (XWC) traded up 9.9% against the dollar and now trades at $0.0173 or 0.00000021 BTC.
• 42-coin (42) traded down 41% against the dollar and now trades at $159,840.00 or 1.92252922 BTC.
• Bitcoin Diamond (BCD) traded down 2.5% against the dollar and now trades at $0.0312 or 0.00000038 BTC.
• PotCoin (POT) traded 133.5% higher against the dollar and now trades at $0.0099 or 0.00000012 BTC.
• ReddCoin (RDD) traded 19% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 6.7% against the dollar and now trades at $0.0305 or 0.00000037 BTC.

Decred Coin 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 16,686,353 coins. The official website for Decred is decred.org. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here.

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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView