Decred Reaches Market Capitalization of $200.09 Million (DCR)

Decred (DCR) traded 0.6% lower against the dollar during the 24-hour period ending at 22:00 PM E.T. on July 29th. Decred has a total market capitalization of $200.09 million and approximately $1.87 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 4.5% lower against the dollar. One Decred coin can now be bought for about $12.33 or 0.00018584 BTC on major exchanges.

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

• Compound (COMP) traded up 7.2% against the dollar and now trades at $51.13 or 0.00077038 BTC.
• Bitcoiva (BCA) traded down 1.9% against the dollar and now trades at $6.13 or 0.00009236 BTC.
• EverGrow Coin (EGC) traded up 0.6% 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 0.00001505 BTC.
• Bitcoin Diamond (BCD) traded 10.7% higher against the dollar and now trades at $0.0692 or 0.00000104 BTC.
• WhiteCoin (XWC) traded 15.3% higher against the dollar and now trades at $0.0044 or 0.00000007 BTC.
• Navcoin (NAV) traded down 0.1% against the dollar and now trades at $0.0467 or 0.00000070 BTC.
• ReddCoin (RDD) traded down 3.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 0% lower against the dollar and now trades at $0.0149 or 0.00000022 BTC.
• 42-coin (42) traded up 2.3% against the dollar and now trades at $31,016.19 or 0.46728518 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,221,686 coins. The official message board for Decred is medium.com/decred. 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 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView