Decred (DCR) Price Reaches $11.57 on Top Exchanges

Decred (DCR) traded 2.9% lower against the U.S. dollar during the one day period ending at 20:00 PM Eastern on November 2nd. During the last seven days, Decred has traded down 3.6% against the U.S. dollar. One Decred coin can currently be bought for approximately $11.57 or 0.00016693 BTC on exchanges. Decred has a total market capitalization of $189.92 million and $627,408.75 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 2.2% against the dollar and now trades at $41.49 or 0.00059877 BTC.
• Bitcoiva (BCA) traded down 2.3% against the dollar and now trades at $4.06 or 0.00005858 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001433 BTC.
• Bitcoin Diamond (BCD) traded down 1.6% against the dollar and now trades at $0.0574 or 0.00000083 BTC.
• WhiteCoin (XWC) traded up 7.3% against the dollar and now trades at $0.0129 or 0.00000019 BTC.
• Navcoin (NAV) traded 3.5% lower against the dollar and now trades at $0.0290 or 0.00000042 BTC.
• Memetic (MEME) traded down 3.4% against the dollar and now trades at $0.0112 or 0.00000016 BTC.
• ReddCoin (RDD) traded down 8.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 0.4% against the dollar and now trades at $26,336.87 or 0.38009903 BTC.
• Aion (AION) traded up 5% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,419,820 coins. 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. Decred’s official message board is medium.com/decred. 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.”

Buying and Selling Decred

It is usually not possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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