Decred 24-Hour Trading Volume Tops $1.14 Million (DCR)

Decred (DCR) traded up 0.6% against the US dollar during the one day period ending at 7:00 AM Eastern on October 8th. One Decred coin can currently be purchased for approximately $12.27 or 0.00019630 BTC on exchanges. During the last seven days, Decred has traded down 0.6% against the US dollar. Decred has a total market capitalization of $200.88 million and approximately $1.14 million worth of Decred was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Compound (COMP) traded 1.3% lower against the dollar and now trades at $43.90 or 0.00070217 BTC.
• Bitcoiva (BCA) traded down 1.5% against the dollar and now trades at $4.39 or 0.00007024 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001593 BTC.
• WhiteCoin (XWC) traded 5.3% lower against the dollar and now trades at $0.0182 or 0.00000029 BTC.
• Bitcoin Diamond (BCD) traded up 0.8% against the dollar and now trades at $0.0646 or 0.00000103 BTC.
• Navcoin (NAV) traded up 2.4% against the dollar and now trades at $0.0331 or 0.00000053 BTC.
• Memetic (MEME) traded 2% lower against the dollar and now trades at $0.0101 or 0.00000016 BTC.
• ReddCoin (RDD) traded down 7.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 1.8% against the dollar and now trades at $25,008.64 or 0.39999733 BTC.
• Aion (AION) traded 3.6% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

Decred Coin Profile

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 16,367,152 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 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 Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView