Decred (DCR) Trading Down 4.3% Over Last Week

Decred (DCR) traded up 1.3% against the US dollar during the one day period ending at 11:00 AM Eastern on February 17th. In the last week, Decred has traded 4.3% lower against the US dollar. One Decred coin can currently be purchased for $23.20 or 0.00034247 BTC on major exchanges. Decred has a total market capitalization of $400.91 million and approximately $3.39 million worth of Decred was traded on exchanges in the last day.

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

• Bitcoiva (BCA) traded up 1.1% against the dollar and now trades at $17.90 or 0.00026417 BTC.
• Compound (COMP) traded 0.3% higher against the dollar and now trades at $19.69 or 0.00029068 BTC.
• Zano (ZANO) traded down 1.3% against the dollar and now trades at $8.91 or 0.00013301 BTC.
• dForce USD (USX) traded 4.1% lower against the dollar and now trades at $0.57 or 0.00000847 BTC.
• WhiteCoin (XWC) traded 0% higher against the dollar and now trades at $0.0083 or 0.00000012 BTC.
• Navcoin (NAV) traded down 0.7% against the dollar and now trades at $0.0371 or 0.00000055 BTC.
• Memetic (MEME) traded up 2.1% against the dollar and now trades at $0.0007 or 0.00000001 BTC.
• ReddCoin (RDD) traded 19.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 0.4% against the dollar and now trades at $28,784.71 or 0.42491236 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 17,280,555 coins and its circulating supply is 17,280,452 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 presently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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