Decred (DCR) Reaches Market Cap of $206.19 Million

Decred (DCR) traded 3.1% higher against the US dollar during the 1-day period ending at 16:00 PM Eastern on September 21st. In the last week, Decred has traded up 3.8% against the US dollar. One Decred coin can currently be bought for $12.62 or 0.00019969 BTC on major exchanges. Decred has a total market cap of $206.19 million and approximately $881,465.43 worth of Decred was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Compound (COMP) traded 3.2% higher against the dollar and now trades at $46.57 or 0.00073669 BTC.
• Bitcoiva (BCA) traded 0.3% higher against the dollar and now trades at $4.47 or 0.00007072 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001572 BTC.
• Bitcoin Diamond (BCD) traded down 2.5% against the dollar and now trades at $0.0650 or 0.00000103 BTC.
• WhiteCoin (XWC) traded down 8.1% against the dollar and now trades at $0.0147 or 0.00000023 BTC.
• Navcoin (NAV) traded 0.6% lower against the dollar and now trades at $0.0397 or 0.00000063 BTC.
• ReddCoin (RDD) traded up 36.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 1% higher against the dollar and now trades at $0.0107 or 0.00000017 BTC.
• 42-coin (42) traded up 4% against the dollar and now trades at $25,290.88 or 0.40004179 BTC.
• Aion (AION) traded 4.9% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Profile

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 16,332,802 coins. The official message board for Decred is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website 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 presently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView