Decred (DCR) Hits 24 Hour Trading Volume of $790,222.25

Decred (DCR) traded 1.5% higher against the US dollar during the 1-day period ending at 19:00 PM E.T. on October 18th. One Decred coin can now be bought for about $12.64 or 0.00018529 BTC on major cryptocurrency exchanges. During the last seven days, Decred has traded 1.9% higher against the US dollar. Decred has a total market cap of $207.22 million and approximately $790,222.25 worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 3.2% higher against the dollar and now trades at $45.64 or 0.00066887 BTC.
• Bitcoiva (BCA) traded 1.3% higher against the dollar and now trades at $4.35 or 0.00006377 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001455 BTC.
• Bitcoin Diamond (BCD) traded 2.4% higher against the dollar and now trades at $0.0629 or 0.00000092 BTC.
• WhiteCoin (XWC) traded 10.2% higher against the dollar and now trades at $0.0142 or 0.00000021 BTC.
• Navcoin (NAV) traded 3.2% higher against the dollar and now trades at $0.0309 or 0.00000045 BTC.
• ReddCoin (RDD) traded 75.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 1.6% higher against the dollar and now trades at $0.0131 or 0.00000019 BTC.
• 42-coin (42) traded 1.3% higher against the dollar and now trades at $25,946.52 or 0.38023964 BTC.
• Aion (AION) traded 0.8% higher against the dollar and now trades at $0.0013 or 0.00000002 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,388,949 coins. Decred’s official website is decred.org. 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 message board for Decred 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.”

Buying and Selling Decred

It is usually not currently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView