Decred Market Capitalization Achieves $166.97 Million (DCR)

Decred (DCR) traded 0.1% higher against the dollar during the 1-day period ending at 11:00 AM Eastern on August 19th. Decred has a market cap of $166.97 million and $2.32 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded 2.7% higher against the dollar. One Decred coin can currently be purchased for approximately $10.27 or 0.00017543 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded down 0.3% against the dollar and now trades at $42.06 or 0.00071881 BTC.
• Bitcoiva (BCA) traded 1.7% lower against the dollar and now trades at $4.57 or 0.00007812 BTC.
• EverGrow Coin (EGC) traded up 0.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001707 BTC.
• Bitcoin Diamond (BCD) traded 0.4% higher against the dollar and now trades at $0.0681 or 0.00000116 BTC.
• WhiteCoin (XWC) traded up 3.2% against the dollar and now trades at $0.0062 or 0.00000011 BTC.
• Navcoin (NAV) traded 2% higher against the dollar and now trades at $0.0399 or 0.00000068 BTC.
• Memetic (MEME) traded down 6.5% against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• ReddCoin (RDD) traded 9.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded 3% higher against the dollar and now trades at $0.0021 or 0.00000004 BTC.

Decred 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 16,263,799 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official message board is medium.com/decred. 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.

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 currently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, 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