Decred (DCR) Trading Down 2.4% This Week

Decred (DCR) traded 0.4% lower against the U.S. dollar during the twenty-four hour period ending at 11:00 AM ET on April 27th. One Decred coin can currently be bought for $20.91 or 0.00033149 BTC on popular exchanges. During the last seven days, Decred has traded 2.4% lower against the U.S. dollar. Decred has a market capitalization of $334.93 million and approximately $2.49 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded up 2% against the dollar and now trades at $56.82 or 0.00090084 BTC.
• Bitcoiva (BCA) traded 3% higher against the dollar and now trades at $8.44 or 0.00013379 BTC.
• Safe (SAFE) traded 0.1% lower against the dollar and now trades at $2.45 or 0.00003882 BTC.
• EverGrow Coin (EGC) traded down 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded up 5.8% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• dForce USD (USX) traded up 0.4% against the dollar and now trades at $0.98 or 0.00001560 BTC.
• ReddCoin (RDD) traded down 24.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded 3.4% higher against the dollar and now trades at $0.0045 or 0.00000007 BTC.
• Navcoin (NAV) traded down 3.2% against the dollar and now trades at $0.0652 or 0.00000103 BTC.
• Aion (AION) traded down 7.3% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,018,959 coins. Decred’s official message board is medium.com/decred. The official website for Decred is decred.org. 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.

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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView