Decred Hits Market Capitalization of $320.73 Million (DCR)

Decred (DCR) traded 1.4% lower against the dollar during the twenty-four hour period ending at 22:00 PM ET on April 17th. Decred has a total market capitalization of $320.73 million and $2.91 million worth of Decred was traded on exchanges in the last 24 hours. During the last seven days, Decred has traded down 18.5% against the dollar. One Decred coin can now be purchased for approximately $20.05 or 0.00032584 BTC on popular cryptocurrency exchanges.

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

• Compound (COMP) traded 0.8% lower against the dollar and now trades at $52.21 or 0.00084851 BTC.
• Bitcoiva (BCA) traded 1.5% lower against the dollar and now trades at $8.02 or 0.00013042 BTC.
• EverGrow Coin (EGC) traded down 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded down 0% against the dollar and now trades at $1.99 or 0.00003234 BTC.
• dForce USD (USX) traded 0.2% higher against the dollar and now trades at $0.96 or 0.00001559 BTC.
• Bitcoin Diamond (BCD) traded 0.8% higher against the dollar and now trades at $0.10 or 0.00000169 BTC.
• WhiteCoin (XWC) traded 11.8% lower against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• ReddCoin (RDD) traded 12.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 2.3% against the dollar and now trades at $0.0631 or 0.00000103 BTC.
• Aion (AION) traded down 22.9% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 15,997,583 coins. Decred’s official website 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.”

Decred Coin Trading

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

DCR/USD price chart by TradingView