Decred Market Cap Reaches $208.60 Million (DCR)

Decred (DCR) traded 1.6% lower against the dollar during the twenty-four hour period ending at 21:00 PM Eastern on October 15th. Decred has a total market cap of $208.60 million and approximately $1.24 million worth of Decred was traded on exchanges in the last 24 hours. In the last week, Decred has traded up 3.2% against the dollar. One Decred coin can currently be purchased for approximately $12.73 or 0.00018894 BTC on major exchanges.

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

• Compound (COMP) traded 1.4% lower against the dollar and now trades at $44.98 or 0.00066739 BTC.
• Bitcoiva (BCA) traded 0.6% lower against the dollar and now trades at $4.47 or 0.00006628 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001493 BTC.
• Bitcoin Diamond (BCD) traded 1.4% lower against the dollar and now trades at $0.0614 or 0.00000091 BTC.
• WhiteCoin (XWC) traded 39.2% lower against the dollar and now trades at $0.0104 or 0.00000015 BTC.
• ReddCoin (RDD) traded down 64.3% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded 4.9% lower against the dollar and now trades at $0.0292 or 0.00000043 BTC.
• Memetic (MEME) traded down 6% against the dollar and now trades at $0.0140 or 0.00000021 BTC.
• 42-coin (42) traded up 2.4% against the dollar and now trades at $26,981.52 or 0.40037088 BTC.
• Aion (AION) traded 6.4% lower 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. Its genesis date was February 8th, 2016. Decred’s total supply is 16,382,701 coins. 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 Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred 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.”

Decred Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase 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