Decred Reaches Market Cap of $322.70 Million (DCR)

Decred (DCR) traded down 1% against the U.S. dollar during the 1 day period ending at 23:00 PM Eastern on May 9th. One Decred coin can now be purchased for approximately $20.11 or 0.00031990 BTC on major exchanges. Decred has a market cap of $322.70 million and approximately $2.08 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 4.5% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded up 1.4% against the dollar and now trades at $58.12 or 0.00092454 BTC.
• Bitcoiva (BCA) traded down 1.3% against the dollar and now trades at $9.09 or 0.00014454 BTC.
• EverGrow Coin (EGC) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 0.9% higher against the dollar and now trades at $0.10 or 0.00000159 BTC.
• dForce USD (USX) traded 0.6% higher against the dollar and now trades at $0.98 or 0.00001561 BTC.
• WhiteCoin (XWC) traded up 3.8% against the dollar and now trades at $0.0071 or 0.00000011 BTC.
• ReddCoin (RDD) traded up 6.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 0.1% against the dollar and now trades at $0.0541 or 0.00000086 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• 42-coin (42) traded flat against the dollar and now trades at $48,452.97 or 0.77873222 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 16,046,132 coins. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred 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.

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 U.S. dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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