Decred Reaches 1-Day Trading Volume of $2.68 Million (DCR)

Decred (DCR) traded down 6.5% against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on January 1st. Decred has a market cap of $242.78 million and approximately $2.68 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be purchased for $14.68 or 0.00015737 BTC on popular cryptocurrency exchanges. Over the last week, Decred has traded down 19.1% against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last day:

• Compound (COMP) traded down 4.2% against the dollar and now trades at $72.35 or 0.00077558 BTC.
• Zano (ZANO) traded up 8.4% against the dollar and now trades at $15.80 or 0.00016937 BTC.
• Bitcoiva (BCA) traded down 0.4% against the dollar and now trades at $6.38 or 0.00006836 BTC.
• WhiteCoin (XWC) traded down 0.3% against the dollar and now trades at $0.0319 or 0.00000034 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001072 BTC.
• Bitcoin Diamond (BCD) traded 1.1% higher against the dollar and now trades at $0.0610 or 0.00000065 BTC.
• Navcoin (NAV) traded 0.1% higher against the dollar and now trades at $0.0397 or 0.00000043 BTC.
• ReddCoin (RDD) traded down 15.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded up 0.9% against the dollar and now trades at $0.0106 or 0.00000011 BTC.
• 42-coin (42) traded 0.8% lower against the dollar and now trades at $37,321.96 or 0.40009506 BTC.

Decred Coin Profile

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 16,538,558 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 message board for Decred 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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView