Decred (DCR) Reaches 24 Hour Trading Volume of $2.76 Million

Decred (DCR) traded 7% higher against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on December 24th. During the last week, Decred has traded down 15.2% against the U.S. dollar. Decred has a total market capitalization of $292.93 million and approximately $2.76 million worth of Decred was traded on exchanges in the last day. One Decred coin can currently be purchased for approximately $17.73 or 0.00018822 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Compound (COMP) traded 4% higher against the dollar and now trades at $84.08 or 0.00089265 BTC.
• Zano (ZANO) traded up 6.4% against the dollar and now trades at $11.20 or 0.00011917 BTC.
• Bitcoiva (BCA) traded 8.2% higher against the dollar and now trades at $6.95 or 0.00007379 BTC.
• WhiteCoin (XWC) traded up 2% against the dollar and now trades at $0.0306 or 0.00000032 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001062 BTC.
• Bitcoin Diamond (BCD) traded 4.1% lower against the dollar and now trades at $0.0600 or 0.00000064 BTC.
• ReddCoin (RDD) traded 67.7% higher against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Navcoin (NAV) traded 14.7% higher against the dollar and now trades at $0.0317 or 0.00000034 BTC.
• Memetic (MEME) traded 3.9% higher against the dollar and now trades at $0.0108 or 0.00000011 BTC.
• 42-coin (42) traded 1.7% lower against the dollar and now trades at $37,674.21 or 0.39995796 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,522,700 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 Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred is medium.com/decred.

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 Coinbase, 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