Decred (DCR) Trading 6.7% Higher This Week

Decred (DCR) traded up 0.8% against the dollar during the 1-day period ending at 23:00 PM Eastern on October 10th. Decred has a market capitalization of $199.67 million and $1.09 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be purchased for approximately $12.20 or 0.00020132 BTC on exchanges. In the last seven days, Decred has traded up 6.7% against the dollar.

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

• Compound (COMP) traded 0.2% higher against the dollar and now trades at $43.54 or 0.00071881 BTC.
• Bitcoiva (BCA) traded down 2.6% against the dollar and now trades at $4.13 or 0.00006816 BTC.
• dForce USD (USX) traded 0.2% higher against the dollar and now trades at $1.00 or 0.00001649 BTC.
• WhiteCoin (XWC) traded down 6.7% against the dollar and now trades at $0.0166 or 0.00000027 BTC.
• Bitcoin Diamond (BCD) traded 0% lower against the dollar and now trades at $0.0617 or 0.00000102 BTC.
• Navcoin (NAV) traded down 4.9% against the dollar and now trades at $0.0306 or 0.00000051 BTC.
• ReddCoin (RDD) traded 0.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 1.1% higher against the dollar and now trades at $0.0095 or 0.00000016 BTC.
• 42-coin (42) traded down 0.5% against the dollar and now trades at $24,233.38 or 0.40004447 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0016 or 0.00000003 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,372,622 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official message board is medium.com/decred. Decred’s official website is decred.org.

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 presently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView