Decred (DCR) Price Down 4.7% Over Last 7 Days

Decred (DCR) traded up 2.9% against the U.S. dollar during the 1-day period ending at 18:00 PM ET on October 6th. In the last seven days, Decred has traded 4.7% lower against the U.S. dollar. One Decred coin can currently be bought for $12.08 or 0.00019347 BTC on popular cryptocurrency exchanges. Decred has a total market cap of $197.75 million and approximately $975,285.92 worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 0.3% against the dollar and now trades at $44.09 or 0.00070590 BTC.
• Bitcoiva (BCA) traded 0.5% lower against the dollar and now trades at $4.58 or 0.00007329 BTC.
• WhiteCoin (XWC) traded up 6% against the dollar and now trades at $0.0195 or 0.00000031 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00001585 BTC.
• Bitcoin Diamond (BCD) traded 0.5% lower against the dollar and now trades at $0.0628 or 0.00000101 BTC.
• Navcoin (NAV) traded 3.5% lower against the dollar and now trades at $0.0312 or 0.00000050 BTC.
• Memetic (MEME) traded 3.1% higher against the dollar and now trades at $0.0101 or 0.00000016 BTC.
• ReddCoin (RDD) traded 1.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 0.7% higher against the dollar and now trades at $24,983.96 or 0.39998890 BTC.
• Aion (AION) traded 3.1% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,363,874 coins. 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. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official message board is medium.com/decred.

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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView