Decred (DCR) Market Capitalization Tops $158.25 Million

Decred (DCR) traded down 1.1% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on August 15th. Over the last week, Decred has traded down 6.2% against the U.S. dollar. One Decred coin can now be bought for approximately $9.73 or 0.00016923 BTC on exchanges. Decred has a market capitalization of $158.25 million and approximately $1.40 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 3.1% against the dollar and now trades at $43.40 or 0.00075455 BTC.
• Bitcoiva (BCA) traded down 4.8% against the dollar and now trades at $4.53 or 0.00007872 BTC.
• EverGrow Coin (EGC) traded down 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001732 BTC.
• Bitcoin Diamond (BCD) traded 6.5% lower against the dollar and now trades at $0.0670 or 0.00000116 BTC.
• WhiteCoin (XWC) traded up 0.2% against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• Navcoin (NAV) traded 5.8% lower against the dollar and now trades at $0.0390 or 0.00000068 BTC.
• ReddCoin (RDD) traded down 27.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 5.5% against the dollar and now trades at $0.0102 or 0.00000018 BTC.
• Aion (AION) traded down 0% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,256,539 coins. 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. The official message board for Decred is medium.com/decred. Decred’s official website is decred.org.

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 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 GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView