Decred Price Tops $11.93 on Exchanges (DCR)

Decred (DCR) traded 0.9% lower against the US dollar during the 1 day period ending at 0:00 AM Eastern on October 27th. During the last seven days, Decred has traded 9.5% lower against the US dollar. One Decred coin can now be purchased for $11.93 or 0.00017624 BTC on major exchanges. Decred has a total market cap of $195.71 million and $936,360.98 worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 0.5% higher against the dollar and now trades at $42.13 or 0.00062246 BTC.
• Bitcoiva (BCA) traded up 2% against the dollar and now trades at $4.44 or 0.00006564 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001471 BTC.
• Bitcoin Diamond (BCD) traded up 3.1% against the dollar and now trades at $0.0596 or 0.00000088 BTC.
• WhiteCoin (XWC) traded down 4.8% against the dollar and now trades at $0.0126 or 0.00000019 BTC.
• Navcoin (NAV) traded 4.2% higher against the dollar and now trades at $0.0318 or 0.00000047 BTC.
• ReddCoin (RDD) traded up 3.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded up 0.7% against the dollar and now trades at $0.0135 or 0.00000020 BTC.
• 42-coin (42) traded up 0.8% against the dollar and now trades at $25,720.38 or 0.38004349 BTC.
• Aion (AION) traded up 5.8% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,408,137 coins. 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. Decred’s official message board is medium.com/decred.

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 presently 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 aforementioned exchanges.

DCR/USD price chart by TradingView