Decred Reaches Market Capitalization of $254.07 Million (DCR)

Decred (DCR) traded 3.6% higher against the US dollar during the one day period ending at 7:00 AM ET on June 28th. Decred has a market capitalization of $254.07 million and approximately $1.44 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be bought for $15.73 or 0.00025574 BTC on cryptocurrency exchanges. Over the last seven days, Decred has traded 2.2% higher against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded 1.7% higher against the dollar and now trades at $50.53 or 0.00082153 BTC.
• Bitcoiva (BCA) traded 2.2% higher against the dollar and now trades at $6.90 or 0.00011220 BTC.
• EverGrow Coin (EGC) traded 0.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• ReddCoin (RDD) traded up 424.6% against the dollar and now trades at $0.0006 or 0.00000001 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $0.99 or 0.00001613 BTC.
• Bitcoin Diamond (BCD) traded down 1.9% against the dollar and now trades at $0.0596 or 0.00000097 BTC.
• WhiteCoin (XWC) traded 0% lower against the dollar and now trades at $0.0040 or 0.00000007 BTC.
• Navcoin (NAV) traded 0.7% lower against the dollar and now trades at $0.0470 or 0.00000076 BTC.
• Aion (AION) traded 0% lower 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 genesis date was February 8th, 2016. Decred’s total supply is 16,153,944 coins. The official message board for Decred is medium.com/decred. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official website is decred.org. 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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView