Decred (DCR) Tops 24 Hour Volume of $2.49 Million

Decred (DCR) traded down 5.3% against the dollar during the 24-hour period ending at 22:00 PM Eastern on July 3rd. Over the last seven days, Decred has traded 13.2% lower against the dollar. Decred has a market capitalization of $212.28 million and approximately $2.49 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be bought for approximately $13.13 or 0.00022357 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded down 4.6% against the dollar and now trades at $46.44 or 0.00079074 BTC.
• Bitcoiva (BCA) traded down 8.1% against the dollar and now trades at $6.27 or 0.00010667 BTC.
• EverGrow Coin (EGC) traded down 5.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.2% lower against the dollar and now trades at $0.99 or 0.00001683 BTC.
• Bitcoin Diamond (BCD) traded down 3.1% against the dollar and now trades at $0.0605 or 0.00000103 BTC.
• ReddCoin (RDD) traded 35.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded 0.1% higher against the dollar and now trades at $0.0034 or 0.00000006 BTC.
• Navcoin (NAV) traded down 1.6% against the dollar and now trades at $0.0463 or 0.00000079 BTC.
• Aion (AION) traded 13% higher against the dollar and now trades at $0.0021 or 0.00000004 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,166,041 coins. The official message board for Decred 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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView