Decred (DCR) Trading Up 5% Over Last Week

Decred (DCR) traded 0.3% higher against the dollar during the 24-hour period ending at 8:00 AM E.T. on March 26th. Over the last seven days, Decred has traded up 5% against the dollar. One Decred coin can now be purchased for $12.64 or 0.00014357 BTC on popular cryptocurrency exchanges. Decred has a market cap of $211.05 million and $2.16 million 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 1.8% higher against the dollar and now trades at $45.70 or 0.00051924 BTC.
• Zano (ZANO) traded 1.2% higher against the dollar and now trades at $7.28 or 0.00008261 BTC.
• Bitcoiva (BCA) traded down 2.4% against the dollar and now trades at $4.86 or 0.00005520 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001142 BTC.
• WhiteCoin (XWC) traded 0.1% lower against the dollar and now trades at $0.0145 or 0.00000016 BTC.
• Bitcoin Diamond (BCD) traded up 14.5% against the dollar and now trades at $0.0390 or 0.00000044 BTC.
• Navcoin (NAV) traded up 4.1% against the dollar and now trades at $0.0311 or 0.00000035 BTC.
• PotCoin (POT) traded up 2.5% against the dollar and now trades at $0.0044 or 0.00000005 BTC.
• Memetic (MEME) traded 9.7% higher against the dollar and now trades at $0.0029 or 0.00000003 BTC.

Decred Coin 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 16,701,552 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official message board for Decred is medium.com/decred. Decred’s official website 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.”

Decred Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView