Decred (DCR) Hits Market Capitalization of $226.05 Million

Decred (DCR) traded down 2.6% against the US dollar during the one day period ending at 7:00 AM Eastern on February 22nd. One Decred coin can currently be purchased for approximately $13.58 or 0.00014056 BTC on exchanges. Decred has a market cap of $226.05 million and $2.39 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 1.4% lower against the US dollar.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded 2.9% lower against the dollar and now trades at $54.47 or 0.00056357 BTC.
• Zano (ZANO) traded 5.9% higher against the dollar and now trades at $10.92 or 0.00011307 BTC.
• Bitcoiva (BCA) traded 2.6% lower against the dollar and now trades at $4.82 or 0.00004987 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001032 BTC.
• WhiteCoin (XWC) traded up 0.7% against the dollar and now trades at $0.0169 or 0.00000017 BTC.
• Bitcoin Diamond (BCD) traded 2.1% lower against the dollar and now trades at $0.0469 or 0.00000049 BTC.
• 42-coin (42) traded 103% higher against the dollar and now trades at $204,417.40 or 2.12553475 BTC.
• Navcoin (NAV) traded 2.3% higher against the dollar and now trades at $0.0474 or 0.00000049 BTC.
• ReddCoin (RDD) traded down 3.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 6.7% lower against the dollar and now trades at $0.0042 or 0.00000004 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,639,816 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.”

Decred Coin Trading

It is usually not 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, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView