Decred (DCR) Market Cap Hits $220.16 Million

Decred (DCR) traded down 0% against the US dollar during the 1 day period ending at 19:00 PM Eastern on July 14th. Over the last week, Decred has traded up 8.3% against the US dollar. One Decred coin can now be bought for about $13.60 or 0.00022235 BTC on exchanges. Decred has a market cap of $220.16 million and $1.43 million worth of Decred was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Compound (COMP) traded up 6.4% against the dollar and now trades at $50.60 or 0.00082735 BTC.
• Bitcoiva (BCA) traded 0.5% higher against the dollar and now trades at $6.27 or 0.00010244 BTC.
• EverGrow Coin (EGC) traded 3.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001631 BTC.
• Bitcoin Diamond (BCD) traded 2.9% higher against the dollar and now trades at $0.0583 or 0.00000095 BTC.
• WhiteCoin (XWC) traded down 0.7% against the dollar and now trades at $0.0044 or 0.00000007 BTC.
• Navcoin (NAV) traded 1.8% lower against the dollar and now trades at $0.0421 or 0.00000069 BTC.
• Aion (AION) traded 1.8% lower against the dollar and now trades at $0.0022 or 0.00000004 BTC.
• ReddCoin (RDD) traded up 22.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded up 4.1% against the dollar and now trades at $0.0152 or 0.00000025 BTC.

About 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 16,189,312 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official website for Decred is decred.org. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible 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 currently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView