Decred Achieves Market Cap of $327.01 Million (DCR)

Decred (DCR) traded 4.2% lower against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on May 8th. One Decred coin can currently be purchased for approximately $20.38 or 0.00033066 BTC on exchanges. Decred has a market cap of $327.01 million and approximately $2.39 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded up 6.8% against the U.S. dollar.

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

• Compound (COMP) traded up 2.2% against the dollar and now trades at $57.11 or 0.00092655 BTC.
• Bitcoiva (BCA) traded up 1.1% against the dollar and now trades at $9.20 or 0.00014931 BTC.
• Safe (SAFE) traded flat against the dollar and now trades at $2.16 or 0.00003370 BTC.
• EverGrow Coin (EGC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 8.4% lower against the dollar and now trades at $0.0991 or 0.00000161 BTC.
• dForce USD (USX) traded down 0.2% against the dollar and now trades at $0.98 or 0.00001583 BTC.
• WhiteCoin (XWC) traded 3.1% higher against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• ReddCoin (RDD) traded 8.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 1.2% against the dollar and now trades at $0.0542 or 0.00000088 BTC.
• Aion (AION) traded up 8% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,043,962 coins. The official website for Decred 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.”

Decred Coin Trading

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

DCR/USD price chart by TradingView