Decred (DCR) Hits Market Cap of $355.06 Million

Decred (DCR) traded down 2.6% against the U.S. dollar during the 1-day period ending at 23:00 PM E.T. on April 25th. One Decred coin can currently be purchased for approximately $22.17 or 0.00034425 BTC on popular cryptocurrency exchanges. Decred has a total market cap of $355.06 million and approximately $3.54 million worth of Decred was traded on exchanges in the last day. Over the last week, Decred has traded up 14.8% against the U.S. dollar.

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

• Compound (COMP) traded down 1.2% against the dollar and now trades at $56.06 or 0.00087043 BTC.
• Bitcoiva (BCA) traded down 0.9% against the dollar and now trades at $8.32 or 0.00012916 BTC.
• EverGrow Coin (EGC) traded 0.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded up 0% against the dollar and now trades at $2.14 or 0.00003323 BTC.
• Bitcoin Diamond (BCD) traded 1.5% higher against the dollar and now trades at $0.10 or 0.00000156 BTC.
• dForce USD (USX) traded up 0.4% against the dollar and now trades at $0.98 or 0.00001529 BTC.
• WhiteCoin (XWC) traded 3.5% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.
• ReddCoin (RDD) traded 11.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 0.7% against the dollar and now trades at $0.0680 or 0.00000106 BTC.
• Aion (AION) traded down 9.5% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,015,899 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 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 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 Changelly, Gemini or Coinbase. 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