Decred (DCR) Trading Up 2.2% This Week

Decred (DCR) traded 1.3% higher against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on September 21st. One Decred coin can now be purchased for $12.63 or 0.00019962 BTC on popular exchanges. Decred has a market cap of $206.25 million and approximately $798,481.78 worth of Decred was traded on exchanges in the last day. During the last seven days, Decred has traded 2.2% higher against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Compound (COMP) traded 3.1% higher against the dollar and now trades at $46.32 or 0.00073225 BTC.
• Bitcoiva (BCA) traded up 0.2% against the dollar and now trades at $4.47 or 0.00007067 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001574 BTC.
• Bitcoin Diamond (BCD) traded 3.1% lower against the dollar and now trades at $0.0646 or 0.00000102 BTC.
• WhiteCoin (XWC) traded 5% lower against the dollar and now trades at $0.0149 or 0.00000024 BTC.
• Navcoin (NAV) traded 0.7% lower against the dollar and now trades at $0.0397 or 0.00000063 BTC.
• Memetic (MEME) traded 1.9% higher against the dollar and now trades at $0.0108 or 0.00000017 BTC.
• ReddCoin (RDD) traded 35.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded up 1.1% against the dollar and now trades at $24,755.64 or 0.39134112 BTC.
• Aion (AION) traded up 5.9% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,333,336 coins. 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. The official website for Decred is decred.org. 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.”

Decred Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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