Decred Hits 1-Day Trading Volume of $825,274.07 (DCR)

Decred (DCR) traded 0.9% lower against the US dollar during the 24 hour period ending at 15:00 PM E.T. on September 15th. One Decred coin can currently be bought for about $12.14 or 0.00020214 BTC on exchanges. Decred has a total market cap of $198.13 million and approximately $825,274.07 worth of Decred was traded on exchanges in the last day. In the last seven days, Decred has traded up 7.4% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Compound (COMP) traded down 1.9% against the dollar and now trades at $44.02 or 0.00073297 BTC.
• Bitcoiva (BCA) traded up 1.7% against the dollar and now trades at $4.24 or 0.00007067 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001670 BTC.
• Bitcoin Diamond (BCD) traded 2% lower against the dollar and now trades at $0.0640 or 0.00000106 BTC.
• WhiteCoin (XWC) traded up 1.7% against the dollar and now trades at $0.0106 or 0.00000018 BTC.
• Navcoin (NAV) traded down 1.4% against the dollar and now trades at $0.0395 or 0.00000066 BTC.
• Memetic (MEME) traded down 1% against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• ReddCoin (RDD) traded down 12.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded up 0.1% against the dollar and now trades at $23,770.80 or 0.39578992 BTC.
• Aion (AION) traded up 3.2% against the dollar and now trades at $0.0016 or 0.00000003 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,320,523 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. The official message board for Decred 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.”

Buying and Selling Decred

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView