Decred Market Capitalization Tops $336.55 Million (DCR)

Decred (DCR) traded up 1% against the dollar during the 1-day period ending at 13:00 PM E.T. on April 28th. Decred has a market cap of $336.55 million and approximately $1.66 million worth of Decred was traded on exchanges in the last day. During the last seven days, Decred has traded down 6.2% against the dollar. One Decred coin can currently be bought for about $21.01 or 0.00032999 BTC on popular exchanges.

Here is how other cryptocurrencies have performed during the last day:

• Compound (COMP) traded 1.2% higher against the dollar and now trades at $56.70 or 0.00089075 BTC.
• Bitcoiva (BCA) traded down 1.2% against the dollar and now trades at $8.33 or 0.00013089 BTC.
• Safe (SAFE) traded up 0% against the dollar and now trades at $2.45 or 0.00003847 BTC.
• EverGrow Coin (EGC) traded up 2.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 1.1% higher against the dollar and now trades at $0.11 or 0.00000172 BTC.
• dForce USD (USX) traded up 0.4% against the dollar and now trades at $0.99 or 0.00001553 BTC.
• WhiteCoin (XWC) traded 2.4% higher against the dollar and now trades at $0.0048 or 0.00000007 BTC.
• ReddCoin (RDD) traded 4.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 0.2% against the dollar and now trades at $0.0655 or 0.00000103 BTC.
• Aion (AION) traded up 0% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,021,409 coins. Decred’s official website is decred.org. The official message board for Decred is medium.com/decred. 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.

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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView