Decred (DCR) Trading Up 7.9% This Week

Decred (DCR) traded up 2.5% against the dollar during the 1-day period ending at 19:00 PM Eastern on October 12th. One Decred coin can currently be purchased for approximately $12.72 or 0.00020105 BTC on major cryptocurrency exchanges. Decred has a total market capitalization of $208.31 million and $1.04 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded up 7.9% against the dollar.

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

• Compound (COMP) traded 2.5% higher against the dollar and now trades at $45.01 or 0.00071146 BTC.
• Bitcoiva (BCA) traded up 1.6% against the dollar and now trades at $4.34 or 0.00006860 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001577 BTC.
• WhiteCoin (XWC) traded 1.8% higher against the dollar and now trades at $0.0158 or 0.00000025 BTC.
• Bitcoin Diamond (BCD) traded 2.1% higher against the dollar and now trades at $0.0628 or 0.00000099 BTC.
• Navcoin (NAV) traded up 2.2% against the dollar and now trades at $0.0316 or 0.00000050 BTC.
• ReddCoin (RDD) traded up 32.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 11.8% higher against the dollar and now trades at $0.0114 or 0.00000018 BTC.
• 42-coin (42) traded up 1.2% against the dollar and now trades at $25,304.75 or 0.39994421 BTC.
• Aion (AION) traded 0.7% lower against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,376,457 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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 website 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView