Decred Market Capitalization Tops $209.07 Million (DCR)

Decred (DCR) traded up 0.1% against the US dollar during the 24-hour period ending at 15:00 PM ET on October 30th. Decred has a market capitalization of $209.07 million and $879,775.91 worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 1.9% higher against the US dollar. One Decred coin can currently be purchased for $12.74 or 0.00017715 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded down 0.9% against the dollar and now trades at $44.72 or 0.00062194 BTC.
• Bitcoiva (BCA) traded 0.2% lower against the dollar and now trades at $4.52 or 0.00006280 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001384 BTC.
• Bitcoin Diamond (BCD) traded up 0.7% against the dollar and now trades at $0.0587 or 0.00000082 BTC.
• WhiteCoin (XWC) traded 1.6% higher against the dollar and now trades at $0.0123 or 0.00000017 BTC.
• Navcoin (NAV) traded up 0.4% against the dollar and now trades at $0.0318 or 0.00000044 BTC.
• Memetic (MEME) traded up 4.5% against the dollar and now trades at $0.0139 or 0.00000019 BTC.
• 42-coin (42) traded down 1.6% against the dollar and now trades at $27,321.51 or 0.37997349 BTC.
• Aion (AION) traded down 8.7% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,413,406 coins. 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. 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 presently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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