Decred (DCR) Trading Up 19.8% Over Last 7 Days

Decred (DCR) traded 4.7% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on August 26th. One Decred coin can now be bought for $12.36 or 0.00019368 BTC on popular cryptocurrency exchanges. Decred has a market capitalization of $201.27 million and approximately $4.25 million worth of Decred was traded on exchanges in the last 24 hours. During the last seven days, Decred has traded up 19.8% against the U.S. dollar.

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

• Compound (COMP) traded down 4.8% against the dollar and now trades at $49.74 or 0.00077910 BTC.
• Bitcoiva (BCA) traded 2.1% lower against the dollar and now trades at $5.02 or 0.00007861 BTC.
• EverGrow Coin (EGC) traded down 2.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001565 BTC.
• Bitcoin Diamond (BCD) traded up 0.8% against the dollar and now trades at $0.0692 or 0.00000108 BTC.
• WhiteCoin (XWC) traded up 8.6% against the dollar and now trades at $0.0071 or 0.00000011 BTC.
• Navcoin (NAV) traded 1.1% lower against the dollar and now trades at $0.0410 or 0.00000064 BTC.
• ReddCoin (RDD) traded up 4.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 4.8% against the dollar and now trades at $0.0119 or 0.00000019 BTC.
• Aion (AION) traded down 6.9% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,278,297 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official message board 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 acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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