Decred Trading Down 12.8% This Week (DCR)

Decred (DCR) traded up 1% against the U.S. dollar during the 24-hour period ending at 17:00 PM Eastern on April 18th. During the last seven days, Decred has traded 12.8% lower against the U.S. dollar. One Decred coin can now be purchased for about $20.50 or 0.00032279 BTC on exchanges. Decred has a total market capitalization of $327.96 million and approximately $2.31 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded up 2.7% against the dollar and now trades at $54.12 or 0.00085226 BTC.
• Bitcoiva (BCA) traded up 2% against the dollar and now trades at $8.27 or 0.00013021 BTC.
• EverGrow Coin (EGC) traded up 1.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 0% higher against the dollar and now trades at $1.99 or 0.00003135 BTC.
• dForce USD (USX) traded 0.4% lower against the dollar and now trades at $0.96 or 0.00001506 BTC.
• Bitcoin Diamond (BCD) traded up 6% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• ReddCoin (RDD) traded down 5.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded 11.3% lower against the dollar and now trades at $0.0045 or 0.00000007 BTC.
• Navcoin (NAV) traded down 2% against the dollar and now trades at $0.0619 or 0.00000097 BTC.
• Aion (AION) traded 5.6% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 15,999,309 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official message board is medium.com/decred.

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 currently 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 Coinbase, Gemini or GDAX. 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