Decred (DCR) Hits 24 Hour Volume of $6.94 Million

Decred (DCR) traded 2.5% higher against the dollar during the twenty-four hour period ending at 17:00 PM E.T. on August 26th. One Decred coin can currently be bought for about $12.01 or 0.00019021 BTC on exchanges. During the last week, Decred has traded 15.6% higher against the dollar. Decred has a market cap of $195.43 million and $6.94 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 7.9% against the dollar and now trades at $48.03 or 0.00076099 BTC.
• Bitcoiva (BCA) traded 2.5% lower against the dollar and now trades at $5.01 or 0.00007930 BTC.
• EverGrow Coin (EGC) traded down 5.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001583 BTC.
• Bitcoin Diamond (BCD) traded down 0.5% against the dollar and now trades at $0.0688 or 0.00000109 BTC.
• WhiteCoin (XWC) traded 6.9% higher against the dollar and now trades at $0.0070 or 0.00000011 BTC.
• Navcoin (NAV) traded down 0.2% against the dollar and now trades at $0.0413 or 0.00000065 BTC.
• ReddCoin (RDD) traded down 3.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 11.1% against the dollar and now trades at $0.0112 or 0.00000018 BTC.
• Aion (AION) traded 5% higher against the dollar and now trades at $0.0019 or 0.00000003 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 16,278,964 coins. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. 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 presently 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, Gemini or Changelly. 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