Decred (DCR) Reaches Market Cap of $328.81 Million

Decred (DCR) traded down 2.1% against the dollar during the 1 day period ending at 14:00 PM Eastern on April 29th. During the last seven days, Decred has traded 10.2% lower against the dollar. One Decred coin can now be purchased for approximately $20.52 or 0.00032601 BTC on cryptocurrency exchanges. Decred has a market capitalization of $328.81 million and $1.94 million worth of Decred was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Compound (COMP) traded 2.6% lower against the dollar and now trades at $55.28 or 0.00087817 BTC.
• Bitcoiva (BCA) traded down 3.3% against the dollar and now trades at $8.06 or 0.00012800 BTC.
• Safe (SAFE) traded 6.1% higher against the dollar and now trades at $2.60 or 0.00004130 BTC.
• EverGrow Coin (EGC) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded down 6.7% against the dollar and now trades at $0.10 or 0.00000162 BTC.
• dForce USD (USX) traded 0.2% lower against the dollar and now trades at $0.98 or 0.00001558 BTC.
• WhiteCoin (XWC) traded up 10.1% against the dollar and now trades at $0.0052 or 0.00000008 BTC.
• ReddCoin (RDD) traded 13.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 7.8% against the dollar and now trades at $0.0604 or 0.00000096 BTC.
• Aion (AION) traded up 22.8% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,023,426 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 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.

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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView