Decred (DCR) Price Tops $12.46

Decred (DCR) traded down 1.7% against the dollar during the twenty-four hour period ending at 11:00 AM Eastern on October 17th. Decred has a market capitalization of $204.21 million and approximately $773,372.12 worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded 4.9% higher against the dollar. One Decred coin can currently be bought for about $12.46 or 0.00018553 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Compound (COMP) traded down 1.4% against the dollar and now trades at $43.64 or 0.00064969 BTC.
• Bitcoiva (BCA) traded 1.8% lower against the dollar and now trades at $4.40 or 0.00006544 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001486 BTC.
• Bitcoin Diamond (BCD) traded 1.8% higher against the dollar and now trades at $0.0625 or 0.00000093 BTC.
• WhiteCoin (XWC) traded down 0.2% against the dollar and now trades at $0.0124 or 0.00000018 BTC.
• ReddCoin (RDD) traded 241.1% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded 2.7% lower against the dollar and now trades at $0.0288 or 0.00000043 BTC.
• Memetic (MEME) traded 3.1% lower against the dollar and now trades at $0.0125 or 0.00000019 BTC.
• 42-coin (42) traded 6% lower against the dollar and now trades at $25,520.57 or 0.37992125 BTC.
• Aion (AION) traded down 5.6% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,386,054 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official message board for Decred is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred 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 presently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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