Decred (DCR) Reaches 24-Hour Trading Volume of $1.23 Million

Decred (DCR) traded 5.7% lower against the U.S. dollar during the one day period ending at 19:00 PM ET on October 1st. During the last seven days, Decred has traded down 8.9% against the U.S. dollar. Decred has a total market capitalization of $186.93 million and $1.23 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be purchased for $11.43 or 0.00018822 BTC on exchanges.

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

• Compound (COMP) traded down 8.3% against the dollar and now trades at $42.70 or 0.00070313 BTC.
• Bitcoiva (BCA) traded down 8.6% against the dollar and now trades at $4.44 or 0.00007308 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001646 BTC.
• WhiteCoin (XWC) traded 2.5% higher against the dollar and now trades at $0.0177 or 0.00000029 BTC.
• Bitcoin Diamond (BCD) traded 3.1% lower against the dollar and now trades at $0.0664 or 0.00000109 BTC.
• Navcoin (NAV) traded down 0.2% against the dollar and now trades at $0.0343 or 0.00000056 BTC.
• Memetic (MEME) traded down 13.5% against the dollar and now trades at $0.0103 or 0.00000017 BTC.
• ReddCoin (RDD) traded down 21.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded 4.3% lower against the dollar and now trades at $24,325.09 or 0.40056195 BTC.
• Aion (AION) traded 0.6% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,353,734 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.”

Buying and Selling Decred

It is usually not possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView