Decred Market Cap Achieves $197.25 Million (DCR)

Decred (DCR) traded 0.9% lower against the dollar during the 24-hour period ending at 8:00 AM E.T. on March 18th. One Decred coin can now be bought for approximately $11.82 or 0.00014313 BTC on exchanges. In the last week, Decred has traded up 9.2% against the dollar. Decred has a market cap of $197.25 million and $2.31 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Compound (COMP) traded 0.3% lower against the dollar and now trades at $43.37 or 0.00052519 BTC.
• Zano (ZANO) traded 5.7% lower against the dollar and now trades at $6.94 or 0.00008394 BTC.
• Bitcoiva (BCA) traded 0.6% lower against the dollar and now trades at $4.63 or 0.00005609 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001209 BTC.
• WhiteCoin (XWC) traded up 9.9% against the dollar and now trades at $0.0173 or 0.00000021 BTC.
• 42-coin (42) traded 41% lower against the dollar and now trades at $159,840.00 or 1.92252922 BTC.
• Bitcoin Diamond (BCD) traded 2.5% lower against the dollar and now trades at $0.0312 or 0.00000038 BTC.
• PotCoin (POT) traded up 133.5% against the dollar and now trades at $0.0099 or 0.00000012 BTC.
• ReddCoin (RDD) traded up 19% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 6.7% against the dollar and now trades at $0.0305 or 0.00000037 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,686,353 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed 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.”

Decred Coin Trading

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

DCR/USD price chart by TradingView