Decred (DCR) Market Capitalization Hits $243.67 Million

Decred (DCR) traded 2.9% lower against the dollar during the twenty-four hour period ending at 0:00 AM E.T. on June 26th. Over the last week, Decred has traded 1.3% lower against the dollar. Decred has a market capitalization of $243.67 million and approximately $1.56 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be bought for $15.09 or 0.00024683 BTC on major exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded up 1% against the dollar and now trades at $49.20 or 0.00080489 BTC.
• Bitcoiva (BCA) traded 1.9% lower against the dollar and now trades at $6.78 or 0.00011094 BTC.
• EverGrow Coin (EGC) traded 0.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0.3% against the dollar and now trades at $0.99 or 0.00001617 BTC.
• Bitcoin Diamond (BCD) traded down 6.1% against the dollar and now trades at $0.0613 or 0.00000100 BTC.
• ReddCoin (RDD) traded 40.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded 15.3% lower against the dollar and now trades at $0.0041 or 0.00000007 BTC.
• Navcoin (NAV) traded 0.8% higher against the dollar and now trades at $0.0473 or 0.00000077 BTC.
• Aion (AION) traded up 2.9% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,150,974 coins. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. 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 presently 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 Gemini, Changelly or GDAX. 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