Decred Hits Market Capitalization of $292.93 Million (DCR)

Decred (DCR) traded 7% higher against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on December 24th. One Decred coin can currently be purchased for about $17.73 or 0.00018822 BTC on exchanges. Decred has a market capitalization of $292.93 million and $2.76 million worth of Decred was traded on exchanges in the last day. Over the last week, Decred has traded down 15.2% against the U.S. dollar.

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

• Compound (COMP) traded 4% higher against the dollar and now trades at $84.08 or 0.00089265 BTC.
• Zano (ZANO) traded up 6.4% against the dollar and now trades at $11.20 or 0.00011917 BTC.
• Bitcoiva (BCA) traded up 8.2% against the dollar and now trades at $6.95 or 0.00007379 BTC.
• WhiteCoin (XWC) traded up 2% against the dollar and now trades at $0.0306 or 0.00000032 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001062 BTC.
• Bitcoin Diamond (BCD) traded down 4.1% against the dollar and now trades at $0.0600 or 0.00000064 BTC.
• ReddCoin (RDD) traded up 67.7% against the dollar and now trades at $0.0003 or 0.00000000 BTC.
• Navcoin (NAV) traded up 14.7% against the dollar and now trades at $0.0317 or 0.00000034 BTC.
• Memetic (MEME) traded up 3.9% against the dollar and now trades at $0.0108 or 0.00000011 BTC.
• 42-coin (42) traded 1.7% lower against the dollar and now trades at $37,674.21 or 0.39995796 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,522,700 coins. The official website for Decred 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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView