Decred (DCR) Hits 24-Hour Trading Volume of $1.09 Million

Decred (DCR) traded 2% higher against the US dollar during the twenty-four hour period ending at 23:00 PM Eastern on June 9th. In the last week, Decred has traded down 2.5% against the US dollar. One Decred coin can now be purchased for about $19.21 or 0.00027566 BTC on popular cryptocurrency exchanges. Decred has a market capitalization of $309.56 million and approximately $1.09 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 1.3% higher against the dollar and now trades at $53.98 or 0.00077460 BTC.
• Bitcoiva (BCA) traded 1.8% higher against the dollar and now trades at $7.92 or 0.00011364 BTC.
• EverGrow Coin (EGC) traded 2.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0.2% against the dollar and now trades at $0.99 or 0.00001420 BTC.
• Bitcoin Diamond (BCD) traded 0.8% higher against the dollar and now trades at $0.0657 or 0.00000094 BTC.
• WhiteCoin (XWC) traded up 7% against the dollar and now trades at $0.0053 or 0.00000008 BTC.
• ReddCoin (RDD) traded 8.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 2.2% lower against the dollar and now trades at $0.0511 or 0.00000073 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• 42-coin (42) traded down 4.8% against the dollar and now trades at $45,760.46 or 0.65630532 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,114,187 coins. 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. Decred’s official message board is medium.com/decred. 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 currently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView