Decred (DCR) Market Cap Reaches $343.04 Million

Decred (DCR) traded down 0.9% against the dollar during the 1-day period ending at 20:00 PM E.T. on February 28th. During the last seven days, Decred has traded up 24.2% against the dollar. Decred has a market cap of $343.04 million and approximately $3.92 million worth of Decred was traded on exchanges in the last day. One Decred coin can currently be bought for about $21.59 or 0.00035161 BTC on popular exchanges.

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

  • Compound (COMP) traded 12.7% higher against the dollar and now trades at $93.69 or 0.00152561 BTC.
  • Bitcoiva (BCA) traded up 2.4% against the dollar and now trades at $11.55 or 0.00018816 BTC.
  • EverGrow Coin (EGC) traded up 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • dForce USD (USX) traded up 0.2% against the dollar and now trades at $1.00 or 0.00001621 BTC.
  • Safe (SAFE) traded 51.1% lower against the dollar and now trades at $1.50 or 0.00002444 BTC.
  • WhiteCoin (XWC) traded down 9.1% against the dollar and now trades at $0.0286 or 0.00000047 BTC.
  • Bitcoin Diamond (BCD) traded 0.6% lower against the dollar and now trades at $0.0894 or 0.00000146 BTC.
  • Secret (SIE) traded 2.7% lower against the dollar and now trades at $0.0032 or 0.00000005 BTC.
  • ReddCoin (RDD) traded down 27.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Navcoin (NAV) traded up 0.1% against the dollar and now trades at $0.0482 or 0.00000078 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 15,887,208 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. Decred’s official website 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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

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