Decred (DCR) Price Hits $18.99 on Major Exchanges

Decred (DCR) traded down 3.1% against the US dollar during the 1-day period ending at 14:00 PM Eastern on May 12th. One Decred coin can now be purchased for about $18.99 or 0.00030926 BTC on cryptocurrency exchanges. In the last seven days, Decred has traded down 11.9% against the US dollar. Decred has a total market cap of $304.82 million and approximately $1.76 million worth of Decred was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Compound (COMP) traded up 1.6% against the dollar and now trades at $54.79 or 0.00089232 BTC.
• Bitcoiva (BCA) traded down 2.5% against the dollar and now trades at $8.60 or 0.00014002 BTC.
• EverGrow Coin (EGC) traded 0% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 3.6% against the dollar and now trades at $1.02 or 0.00001657 BTC.
• Bitcoin Diamond (BCD) traded up 2% against the dollar and now trades at $0.0843 or 0.00000137 BTC.
• WhiteCoin (XWC) traded 10.2% lower against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• ReddCoin (RDD) traded down 0.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.7% higher against the dollar and now trades at $0.0538 or 0.00000088 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.
• 42-coin (42) traded flat against the dollar and now trades at $42,788.74 or 0.70090030 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,051,899 coins. Decred’s official website is decred.org. Decred’s official message board is medium.com/decred. 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.

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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