Decred (DCR) Market Capitalization Tops $158.25 Million

Decred (DCR) traded 1.1% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM E.T. on August 15th. In the last seven days, Decred has traded down 6.2% against the U.S. dollar. One Decred coin can now be purchased for approximately $9.73 or 0.00016923 BTC on exchanges. Decred has a total market capitalization of $158.25 million and $1.40 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 3.1% against the dollar and now trades at $43.40 or 0.00075455 BTC.
• Bitcoiva (BCA) traded 4.8% lower against the dollar and now trades at $4.53 or 0.00007872 BTC.
• EverGrow Coin (EGC) traded down 1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001732 BTC.
• Bitcoin Diamond (BCD) traded down 6.5% against the dollar and now trades at $0.0670 or 0.00000116 BTC.
• WhiteCoin (XWC) traded 0.2% higher against the dollar and now trades at $0.0060 or 0.00000010 BTC.
• Navcoin (NAV) traded down 5.8% against the dollar and now trades at $0.0390 or 0.00000068 BTC.
• ReddCoin (RDD) traded 27.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 5.5% against the dollar and now trades at $0.0102 or 0.00000018 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,256,539 coins. 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. 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 US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView