Decred Hits One Day Trading Volume of $2.49 Million (DCR)

Decred (DCR) traded down 1.4% against the dollar during the 24 hour period ending at 8:00 AM Eastern on March 10th. In the last seven days, Decred has traded down 10.4% against the dollar. One Decred coin can now be bought for about $11.23 or 0.00013587 BTC on major cryptocurrency exchanges. Decred has a market cap of $187.14 million and approximately $2.49 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded down 2.8% against the dollar and now trades at $44.88 or 0.00054324 BTC.
• Zano (ZANO) traded 6.1% lower against the dollar and now trades at $6.30 or 0.00007637 BTC.
• Bitcoiva (BCA) traded 5.5% lower against the dollar and now trades at $3.87 or 0.00004715 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001211 BTC.
• WhiteCoin (XWC) traded down 2% against the dollar and now trades at $0.0159 or 0.00000019 BTC.
• 42-coin (42) traded down 2.8% against the dollar and now trades at $175,791.76 or 2.12760872 BTC.
• Bitcoin Diamond (BCD) traded 6.4% lower against the dollar and now trades at $0.0332 or 0.00000040 BTC.
• Navcoin (NAV) traded 3.4% lower against the dollar and now trades at $0.0341 or 0.00000041 BTC.
• ReddCoin (RDD) traded up 37.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 0.8% against the dollar and now trades at $0.0026 or 0.00000003 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,670,700 coins. The official website for Decred is decred.org. 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 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 trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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