Decred Price Hits $18.84 on Major Exchanges (DCR)

Decred (DCR) traded down 8.8% against the dollar during the twenty-four hour period ending at 11:00 AM ET on April 30th. During the last seven days, Decred has traded down 20.2% against the dollar. One Decred coin can currently be purchased for approximately $18.84 or 0.00030977 BTC on popular exchanges. Decred has a market capitalization of $301.95 million and $1.95 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 6.4% against the dollar and now trades at $51.80 or 0.00085156 BTC.
• Bitcoiva (BCA) traded 4% lower against the dollar and now trades at $7.74 or 0.00012723 BTC.
• Safe (SAFE) traded down 0.1% against the dollar and now trades at $2.60 or 0.00004271 BTC.
• EverGrow Coin (EGC) traded 4.5% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded down 0.5% against the dollar and now trades at $0.10 or 0.00000168 BTC.
• dForce USD (USX) traded down 0.3% against the dollar and now trades at $0.98 or 0.00001608 BTC.
• WhiteCoin (XWC) traded down 0.5% against the dollar and now trades at $0.0049 or 0.00000008 BTC.
• ReddCoin (RDD) traded 11.2% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.1% higher against the dollar and now trades at $0.0599 or 0.00000098 BTC.
• Aion (AION) traded down 5% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,025,415 coins. The official message board for Decred is medium.com/decred. 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. The official website for Decred is decred.org.

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

DCR/USD price chart by TradingView