Decred Price Tops $11.31 on Major Exchanges (DCR)

Decred (DCR) traded down 5.4% against the U.S. dollar during the 1-day period ending at 19:00 PM ET on September 16th. One Decred coin can now be purchased for about $11.31 or 0.00019522 BTC on cryptocurrency exchanges. During the last week, Decred has traded down 4.4% against the U.S. dollar. Decred has a market capitalization of $184.60 million and $982,597.21 worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 2% lower against the dollar and now trades at $42.36 or 0.00073129 BTC.
• Bitcoiva (BCA) traded down 3.3% against the dollar and now trades at $3.95 or 0.00006820 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001724 BTC.
• Bitcoin Diamond (BCD) traded down 1.3% against the dollar and now trades at $0.0627 or 0.00000108 BTC.
• WhiteCoin (XWC) traded 18.4% lower against the dollar and now trades at $0.0088 or 0.00000015 BTC.
• Navcoin (NAV) traded 4% lower against the dollar and now trades at $0.0378 or 0.00000065 BTC.
• Memetic (MEME) traded 7.3% lower against the dollar and now trades at $0.0090 or 0.00000016 BTC.
• ReddCoin (RDD) traded 6.2% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 2.6% against the dollar and now trades at $23,160.15 or 0.39978777 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

About Decred

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,322,896 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 website is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible 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.”

Buying and Selling Decred

It is usually not possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView