Decred (DCR) Trading Down 3% This Week

Decred (DCR) traded down 6.9% against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on April 26th. Over the last week, Decred has traded down 3% against the US dollar. One Decred coin can now be bought for approximately $20.67 or 0.00032822 BTC on cryptocurrency exchanges. Decred has a market capitalization of $331.16 million and approximately $3.37 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded down 1.3% against the dollar and now trades at $55.38 or 0.00087926 BTC.
• Bitcoiva (BCA) traded 0.6% lower against the dollar and now trades at $8.27 or 0.00013122 BTC.
• Safe (SAFE) traded up 14.5% against the dollar and now trades at $2.45 or 0.00003889 BTC.
• EverGrow Coin (EGC) traded 3.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded down 2.6% against the dollar and now trades at $0.0986 or 0.00000157 BTC.
• dForce USD (USX) traded down 0.4% against the dollar and now trades at $0.98 or 0.00001557 BTC.
• WhiteCoin (XWC) traded 5% lower against the dollar and now trades at $0.0044 or 0.00000007 BTC.
• ReddCoin (RDD) traded 7.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 4.2% lower against the dollar and now trades at $0.0651 or 0.00000103 BTC.
• Aion (AION) traded down 4.5% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,017,946 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred is medium.com/decred. 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.

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 U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. 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