Decred (DCR) Market Cap Reaches $444.35 Million

Decred (DCR) traded 3.5% higher against the dollar during the twenty-four hour period ending at 16:00 PM ET on March 28th. Decred has a total market cap of $444.35 million and $2.61 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be purchased for $27.86 or 0.00039331 BTC on popular cryptocurrency exchanges. Over the last seven days, Decred has traded up 10.1% against the dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Compound (COMP) traded up 3.1% against the dollar and now trades at $78.37 or 0.00110654 BTC.
• Bitcoiva (BCA) traded up 2.8% against the dollar and now trades at $12.30 or 0.00017371 BTC.
• EverGrow Coin (EGC) traded 1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 0.1% higher against the dollar and now trades at $1.99 or 0.00002810 BTC.
• dForce USD (USX) traded 0.4% lower against the dollar and now trades at $0.98 or 0.00001390 BTC.
• Bitcoin Diamond (BCD) traded up 4.6% against the dollar and now trades at $0.14 or 0.00000200 BTC.
• WhiteCoin (XWC) traded up 6.4% against the dollar and now trades at $0.0190 or 0.00000027 BTC.
• ReddCoin (RDD) traded 31.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.7% lower against the dollar and now trades at $0.0456 or 0.00000064 BTC.
• Aion (AION) traded 7.1% higher against the dollar and now trades at $0.0025 or 0.00000003 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 15,951,421 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 website is decred.org. Decred’s official message board 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.”

Decred Coin Trading

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

DCR/USD price chart by TradingView