Decred (DCR) Price Hits $12.59 on Major Exchanges

Decred (DCR) traded up 0.9% against the U.S. dollar during the 24-hour period ending at 22:00 PM Eastern on October 24th. In the last week, Decred has traded down 0.4% against the U.S. dollar. One Decred coin can currently be purchased for about $12.59 or 0.00018556 BTC on major exchanges. Decred has a total market capitalization of $206.48 million and approximately $893,069.50 worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded down 0.7% against the dollar and now trades at $43.89 or 0.00064694 BTC.
• Bitcoiva (BCA) traded up 3.1% against the dollar and now trades at $4.82 or 0.00007100 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001467 BTC.
• WhiteCoin (XWC) traded 2% higher against the dollar and now trades at $0.0167 or 0.00000025 BTC.
• Bitcoin Diamond (BCD) traded down 5.4% against the dollar and now trades at $0.0589 or 0.00000087 BTC.
• Navcoin (NAV) traded 1.6% lower against the dollar and now trades at $0.0306 or 0.00000045 BTC.
• Memetic (MEME) traded up 4.1% against the dollar and now trades at $0.0129 or 0.00000019 BTC.
• ReddCoin (RDD) traded 5.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 1% higher against the dollar and now trades at $25,793.40 or 0.38019785 BTC.
• DeepOnion (ONION) traded up 1% against the dollar and now trades at $0.0543 or 0.00000080 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,401,753 coins. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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

DCR/USD price chart by TradingView