Decred Hits 24 Hour Volume of $1.60 Million (DCR)

Decred (DCR) traded 5.5% lower against the US dollar during the twenty-four hour period ending at 11:00 AM ET on November 14th. One Decred coin can now be purchased for $12.53 or 0.00014238 BTC on major exchanges. Decred has a total market capitalization of $206.03 million and $1.60 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded down 0.9% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded down 5.8% against the dollar and now trades at $46.33 or 0.00052643 BTC.
• Zano (ZANO) traded down 3% against the dollar and now trades at $7.09 or 0.00007993 BTC.
• Bitcoiva (BCA) traded 125.9% higher against the dollar and now trades at $5.22 or 0.00005932 BTC.
• WhiteCoin (XWC) traded 12% lower against the dollar and now trades at $0.0433 or 0.00000049 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00001126 BTC.
• Bitcoin Diamond (BCD) traded down 27.4% against the dollar and now trades at $0.0715 or 0.00000081 BTC.
• Navcoin (NAV) traded up 0.7% against the dollar and now trades at $0.0289 or 0.00000033 BTC.
• ReddCoin (RDD) traded up 2.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 4.4% higher against the dollar and now trades at $0.0136 or 0.00000015 BTC.
• 42-coin (42) traded down 4.8% against the dollar and now trades at $33,463.24 or 0.38023757 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,442,714 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. Decred’s official message board 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 acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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