Decred (DCR) Price Down 10.1% This Week

Decred (DCR) traded up 1.1% against the dollar during the one day period ending at 7:00 AM E.T. on February 6th. Decred has a total market capitalization of $189.15 million and approximately $2.35 million worth of Decred was traded on exchanges in the last 24 hours. During the last seven days, Decred has traded 10.1% lower against the dollar. One Decred coin can now be purchased for $11.39 or 0.00011543 BTC on major exchanges.

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

• Compound (COMP) traded down 4.4% against the dollar and now trades at $50.64 or 0.00051331 BTC.
• Zano (ZANO) traded 1.5% lower against the dollar and now trades at $7.73 or 0.00007820 BTC.
• Bitcoiva (BCA) traded up 1.4% against the dollar and now trades at $4.79 or 0.00004851 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001009 BTC.
• WhiteCoin (XWC) traded 6.4% lower against the dollar and now trades at $0.0197 or 0.00000020 BTC.
• Bitcoin Diamond (BCD) traded down 2.9% against the dollar and now trades at $0.0504 or 0.00000051 BTC.
• Navcoin (NAV) traded down 2.6% against the dollar and now trades at $0.0435 or 0.00000044 BTC.
• ReddCoin (RDD) traded down 31% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded up 0.5% against the dollar and now trades at $45,420.14 or 0.46035950 BTC.
• Memetic (MEME) traded down 2.5% against the dollar and now trades at $0.0047 or 0.00000005 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,608,833 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 message board is medium.com/decred. 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.”

Decred Coin Trading

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 Coinbase, GDAX or Changelly. 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