Decred (DCR) Hits Market Capitalization of $188.12 Million

Decred (DCR) traded 5.8% higher against the dollar during the twenty-four hour period ending at 18:00 PM ET on November 5th. One Decred coin can now be purchased for approximately $11.45 or 0.00016499 BTC on exchanges. Over the last week, Decred has traded 9.8% lower against the dollar. Decred has a total market capitalization of $188.12 million and $659,213.75 worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded up 1.4% against the dollar and now trades at $41.13 or 0.00059256 BTC.
• Zano (ZANO) traded 3.2% higher against the dollar and now trades at $7.03 or 0.00010195 BTC.
• Bitcoiva (BCA) traded up 6.2% against the dollar and now trades at $4.17 or 0.00006009 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001438 BTC.
• Bitcoin Diamond (BCD) traded up 5.8% against the dollar and now trades at $0.0562 or 0.00000081 BTC.
• WhiteCoin (XWC) traded down 3.7% against the dollar and now trades at $0.0129 or 0.00000019 BTC.
• ReddCoin (RDD) traded 935.2% higher against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Navcoin (NAV) traded up 0.2% against the dollar and now trades at $0.0280 or 0.00000040 BTC.
• Memetic (MEME) traded up 7.9% against the dollar and now trades at $0.0110 or 0.00000016 BTC.
• 42-coin (42) traded 2.2% higher against the dollar and now trades at $26,356.21 or 0.37969266 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,425,605 coins. Decred’s official website is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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 US dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly 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