Decred Self Reported Market Capitalization Hits $490.78 Million (DCR)

Decred (DCR) traded 2.3% higher against the U.S. dollar during the one day period ending at 10:00 AM Eastern on February 25th. One Decred coin can now be bought for about $28.38 or 0.00042836 BTC on popular exchanges. Over the last seven days, Decred has traded 23.8% higher against the U.S. dollar. Decred has a total market cap of $490.78 million and approximately $6.52 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Bitcoiva (BCA) traded 7.1% higher against the dollar and now trades at $18.36 or 0.00027719 BTC.
• Compound (COMP) traded up 5.3% against the dollar and now trades at $18.33 or 0.00027668 BTC.
• Zano (ZANO) traded 11.2% lower against the dollar and now trades at $7.79 or 0.00011774 BTC.
• WhiteCoin (XWC) traded up 0% against the dollar and now trades at $0.0083 or 0.00000013 BTC.
• Navcoin (NAV) traded down 2.1% against the dollar and now trades at $0.0353 or 0.00000053 BTC.
• Memetic (MEME) traded 0.8% higher against the dollar and now trades at $0.0006 or 0.00000001 BTC.
• ReddCoin (RDD) traded up 7.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded 0.2% lower against the dollar and now trades at $27,822.22 or 0.42870486 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 17,293,462 coins and its circulating supply is 17,293,326 coins. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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