Decred Trading 5.4% Higher This Week (DCR)

Decred (DCR) traded down 2.2% against the US dollar during the twenty-four hour period ending at 18:00 PM E.T. on October 17th. One Decred coin can currently be purchased for approximately $12.46 or 0.00018595 BTC on major cryptocurrency exchanges. In the last week, Decred has traded 5.4% higher against the US dollar. Decred has a market cap of $204.21 million and approximately $780,033.91 worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded 2.2% lower against the dollar and now trades at $43.84 or 0.00065410 BTC.
• Bitcoiva (BCA) traded down 3.3% against the dollar and now trades at $4.29 or 0.00006400 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001489 BTC.
• Bitcoin Diamond (BCD) traded 0.9% higher against the dollar and now trades at $0.0617 or 0.00000092 BTC.
• WhiteCoin (XWC) traded 7.8% higher against the dollar and now trades at $0.0130 or 0.00000019 BTC.
• ReddCoin (RDD) traded up 327.2% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded 2.7% lower against the dollar and now trades at $0.0291 or 0.00000043 BTC.
• Memetic (MEME) traded 3% lower against the dollar and now trades at $0.0128 or 0.00000019 BTC.
• 42-coin (42) traded 5.7% lower against the dollar and now trades at $25,470.70 or 0.38006453 BTC.
• Aion (AION) traded 2.1% lower against the dollar and now trades at $0.0013 or 0.00000002 BTC.

Decred Coin 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 16,386,646 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. Decred’s official message board 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 purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView