Decred Hits Market Capitalization of $345.65 Million (DCR)

Decred (DCR) traded up 0.8% against the dollar during the one day period ending at 17:00 PM ET on May 4th. In the last seven days, Decred has traded 3.1% higher against the dollar. One Decred coin can now be bought for $21.56 or 0.00033720 BTC on popular cryptocurrency exchanges. Decred has a market cap of $345.65 million and $3.58 million worth of Decred was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Compound (COMP) traded 2.4% lower against the dollar and now trades at $58.18 or 0.00091014 BTC.
• Bitcoiva (BCA) traded 1% lower against the dollar and now trades at $8.73 or 0.00013657 BTC.
• EverGrow Coin (EGC) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded up 0.6% against the dollar and now trades at $1.98 or 0.00003090 BTC.
• Bitcoin Diamond (BCD) traded up 1.9% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• dForce USD (USX) traded 0.6% lower against the dollar and now trades at $0.97 or 0.00001525 BTC.
• ReddCoin (RDD) traded 20.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded down 7.5% against the dollar and now trades at $0.0041 or 0.00000006 BTC.
• Navcoin (NAV) traded 4.6% higher against the dollar and now trades at $0.0560 or 0.00000088 BTC.
• Aion (AION) traded 3.6% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Profile

Decred (CRYPTO: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 16,035,048 coins. Decred’s official message board 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. The official website for Decred 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.”

Decred Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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