Decred (DCR) One Day Trading Volume Tops $1.36 Million

Decred (DCR) traded 3.3% higher against the US dollar during the 1 day period ending at 19:00 PM ET on October 29th. Over the last week, Decred has traded 1.9% lower against the US dollar. Decred has a market cap of $208.23 million and $1.36 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be purchased for about $12.69 or 0.00017497 BTC on popular exchanges.

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

• Compound (COMP) traded 1.5% higher against the dollar and now trades at $44.56 or 0.00061450 BTC.
• Bitcoiva (BCA) traded 2.1% higher against the dollar and now trades at $4.49 or 0.00006195 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00001372 BTC.
• Bitcoin Diamond (BCD) traded down 0.9% against the dollar and now trades at $0.0583 or 0.00000080 BTC.
• WhiteCoin (XWC) traded down 4% against the dollar and now trades at $0.0117 or 0.00000016 BTC.
• Navcoin (NAV) traded up 2.6% against the dollar and now trades at $0.0317 or 0.00000044 BTC.
• Memetic (MEME) traded down 0.7% against the dollar and now trades at $0.0132 or 0.00000018 BTC.
• ReddCoin (RDD) traded 0.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 3.9% higher against the dollar and now trades at $27,580.86 or 0.38034485 BTC.
• Aion (AION) traded 13.7% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,411,667 coins. 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. The official message board for Decred is medium.com/decred. 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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView