Decred (DCR) Price Hits $12.78 on Top Exchanges

Decred (DCR) traded 5.8% higher against the US dollar during the twenty-four hour period ending at 13:00 PM Eastern on October 29th. One Decred coin can currently be bought for about $12.78 or 0.00017564 BTC on cryptocurrency exchanges. Decred has a total market capitalization of $209.76 million and approximately $1.46 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded 0.8% lower against the US dollar.

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

• Compound (COMP) traded 6.7% higher against the dollar and now trades at $45.12 or 0.00062008 BTC.
• Bitcoiva (BCA) traded up 3.3% against the dollar and now trades at $4.52 or 0.00006213 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001366 BTC.
• Bitcoin Diamond (BCD) traded 0% lower against the dollar and now trades at $0.0583 or 0.00000080 BTC.
• WhiteCoin (XWC) traded 2.2% higher against the dollar and now trades at $0.0123 or 0.00000017 BTC.
• Navcoin (NAV) traded 4% higher against the dollar and now trades at $0.0317 or 0.00000044 BTC.
• Memetic (MEME) traded 5.6% higher against the dollar and now trades at $0.0134 or 0.00000018 BTC.
• ReddCoin (RDD) traded up 0.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 5.4% higher against the dollar and now trades at $27,690.21 or 0.38051256 BTC.
• Aion (AION) traded up 13.7% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,411,242 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 acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini 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