Decred Hits 24 Hour Trading Volume of $919,810.12 (DCR)

Decred (DCR) traded up 1.3% against the US dollar during the 1 day period ending at 16:00 PM ET on October 16th. One Decred coin can now be bought for approximately $12.76 or 0.00018796 BTC on popular exchanges. Over the last seven days, Decred has traded 7.2% higher against the US dollar. Decred has a market cap of $209.01 million and $919,810.12 worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded 1.2% higher against the dollar and now trades at $44.90 or 0.00066159 BTC.
• Bitcoiva (BCA) traded up 0.2% against the dollar and now trades at $4.44 or 0.00006547 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001470 BTC.
• Bitcoin Diamond (BCD) traded down 0.8% against the dollar and now trades at $0.0612 or 0.00000090 BTC.
• WhiteCoin (XWC) traded up 0.7% against the dollar and now trades at $0.0121 or 0.00000018 BTC.
• Navcoin (NAV) traded 2.9% lower against the dollar and now trades at $0.0291 or 0.00000043 BTC.
• Memetic (MEME) traded down 5.1% against the dollar and now trades at $0.0131 or 0.00000019 BTC.
• ReddCoin (RDD) traded 62.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded up 1.7% against the dollar and now trades at $27,141.18 or 0.39991223 BTC.
• Aion (AION) traded 5.5% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,384,553 coins. 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. The official website for Decred is decred.org. 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 presently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView