Decred Reaches Market Capitalization of $190.75 Million (DCR)

Decred (DCR) traded down 4.9% against the U.S. dollar during the 1 day period ending at 8:00 AM E.T. on September 16th. Over the last seven days, Decred has traded 0.9% lower against the U.S. dollar. Decred has a total market capitalization of $190.75 million and $901,969.04 worth of Decred was traded on exchanges in the last day. One Decred coin can currently be bought for $11.69 or 0.00019893 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Compound (COMP) traded down 2.2% against the dollar and now trades at $43.16 or 0.00073457 BTC.
• Bitcoiva (BCA) traded 5.7% lower against the dollar and now trades at $4.00 or 0.00006810 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001701 BTC.
• Bitcoin Diamond (BCD) traded 0.3% higher against the dollar and now trades at $0.0643 or 0.00000109 BTC.
• WhiteCoin (XWC) traded 29.7% higher against the dollar and now trades at $0.0130 or 0.00000022 BTC.
• Navcoin (NAV) traded 0.7% higher against the dollar and now trades at $0.0394 or 0.00000067 BTC.
• Memetic (MEME) traded 6.9% lower against the dollar and now trades at $0.0094 or 0.00000016 BTC.
• ReddCoin (RDD) traded up 4.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 0.2% against the dollar and now trades at $23,931.85 or 0.40735466 BTC.
• Aion (AION) traded up 7.3% against the dollar and now trades at $0.0016 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,322,000 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 currently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView