Decred Trading Down 15% This Week (DCR)

Decred (DCR) traded up 2.6% against the dollar during the 1 day period ending at 13:00 PM E.T. on August 8th. Over the last seven days, Decred has traded 15% lower against the dollar. One Decred coin can now be bought for $10.19 or 0.00017112 BTC on cryptocurrency exchanges. Decred has a market cap of $165.50 million and approximately $1.99 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded up 7.1% against the dollar and now trades at $40.28 or 0.00067646 BTC.
• Bitcoiva (BCA) traded 1.9% higher against the dollar and now trades at $5.01 or 0.00008412 BTC.
• EverGrow Coin (EGC) traded up 3.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001677 BTC.
• Bitcoin Diamond (BCD) traded 1.2% lower against the dollar and now trades at $0.0682 or 0.00000115 BTC.
• WhiteCoin (XWC) traded 0.4% lower against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• Navcoin (NAV) traded 1.9% higher against the dollar and now trades at $0.0420 or 0.00000071 BTC.
• ReddCoin (RDD) traded 9.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 5.7% higher against the dollar and now trades at $0.0111 or 0.00000019 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,241,614 coins. 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. The official website for Decred is decred.org. 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.”

Decred Coin Trading

It is usually not 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 Changelly, GDAX or Gemini. 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