Decred Price Tops $12.55 on Exchanges (DCR)

Decred (DCR) traded 0.3% higher against the US dollar during the 1-day period ending at 16:00 PM ET on October 24th. Decred has a market capitalization of $205.91 million and approximately $737,273.37 worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded up 0.9% against the US dollar. One Decred coin can currently be bought for approximately $12.55 or 0.00018394 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded 0.9% higher against the dollar and now trades at $43.85 or 0.00064246 BTC.
• Bitcoiva (BCA) traded up 0.8% against the dollar and now trades at $4.71 or 0.00006895 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001472 BTC.
• WhiteCoin (XWC) traded 0.1% higher against the dollar and now trades at $0.0163 or 0.00000024 BTC.
• Bitcoin Diamond (BCD) traded 5.7% lower against the dollar and now trades at $0.0588 or 0.00000086 BTC.
• Navcoin (NAV) traded down 1.6% against the dollar and now trades at $0.0305 or 0.00000045 BTC.
• ReddCoin (RDD) traded 17.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded up 4.9% against the dollar and now trades at $0.0129 or 0.00000019 BTC.
• 42-coin (42) traded 2.9% higher against the dollar and now trades at $25,922.92 or 0.37980897 BTC.
• DeepOnion (ONION) traded up 2.9% against the dollar and now trades at $0.0546 or 0.00000080 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,401,156 coins. Decred’s official website is decred.org. Decred’s official message board 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. 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.”

Buying and Selling Decred

It is usually not possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX 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