Decred Trading 8% Lower Over Last Week (DCR)

Decred (DCR) traded up 7% against the dollar during the 24 hour period ending at 19:00 PM E.T. on May 2nd. Over the last week, Decred has traded down 8% against the dollar. Decred has a market capitalization of $332.34 million and $2.79 million worth of Decred was traded on exchanges in the last day. One Decred coin can currently be bought for $20.73 or 0.00035020 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Compound (COMP) traded 3.7% higher against the dollar and now trades at $57.29 or 0.00096780 BTC.
• Bitcoiva (BCA) traded 3.6% higher against the dollar and now trades at $8.97 or 0.00015149 BTC.
• EverGrow Coin (EGC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 26.8% lower against the dollar and now trades at $1.90 or 0.00003211 BTC.
• Bitcoin Diamond (BCD) traded 2% higher against the dollar and now trades at $0.11 or 0.00000184 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $0.98 or 0.00001657 BTC.
• WhiteCoin (XWC) traded down 10.1% against the dollar and now trades at $0.0043 or 0.00000007 BTC.
• ReddCoin (RDD) traded 1.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.3% higher against the dollar and now trades at $0.0538 or 0.00000091 BTC.
• Aion (AION) traded down 8.3% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Profile

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 16,030,727 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView