Decred (DCR) Trading Up 2.6% Over Last Week

Decred (DCR) traded up 0.5% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on May 4th. Decred has a total market capitalization of $342.26 million and approximately $3.82 million worth of Decred was traded on exchanges in the last 24 hours. During the last seven days, Decred has traded 2.6% higher against the U.S. dollar. One Decred coin can now be purchased for about $21.35 or 0.00033569 BTC on exchanges.

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

• Compound (COMP) traded up 0.5% against the dollar and now trades at $58.09 or 0.00091361 BTC.
• Bitcoiva (BCA) traded down 0.5% against the dollar and now trades at $8.72 or 0.00013714 BTC.
• EverGrow Coin (EGC) traded up 2.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 0.2% higher against the dollar and now trades at $1.98 or 0.00003117 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.98 or 0.00001539 BTC.
• Bitcoin Diamond (BCD) traded up 5% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• WhiteCoin (XWC) traded up 3.4% against the dollar and now trades at $0.0046 or 0.00000007 BTC.
• ReddCoin (RDD) traded 15% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 4.7% against the dollar and now trades at $0.0557 or 0.00000088 BTC.
• Aion (AION) traded 16.4% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,034,446 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. 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.

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 acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView