Decred (DCR) Hits Market Cap of $252.22 Million

Decred (DCR) traded 3.6% higher against the dollar during the 1 day period ending at 7:00 AM E.T. on January 17th. One Decred coin can now be bought for approximately $15.22 or 0.00014841 BTC on major cryptocurrency exchanges. Decred has a total market capitalization of $252.22 million and $2.83 million worth of Decred was traded on exchanges in the last 24 hours. During the last seven days, Decred has traded 6.1% higher against the dollar.

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

• Compound (COMP) traded up 6.9% against the dollar and now trades at $87.93 or 0.00085739 BTC.
• Zano (ZANO) traded up 2.9% against the dollar and now trades at $15.71 or 0.00015363 BTC.
• Bitcoiva (BCA) traded up 2.7% against the dollar and now trades at $6.89 or 0.00006715 BTC.
• WhiteCoin (XWC) traded up 9.6% against the dollar and now trades at $0.0239 or 0.00000023 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.99 or 0.00000969 BTC.
• Bitcoin Diamond (BCD) traded up 4.1% against the dollar and now trades at $0.0598 or 0.00000058 BTC.
• ReddCoin (RDD) traded 192.1% higher against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded 3.4% lower against the dollar and now trades at $0.0347 or 0.00000034 BTC.
• 42-coin (42) traded 3.3% higher against the dollar and now trades at $48,203.71 or 0.47000578 BTC.
• Memetic (MEME) traded 3.2% higher against the dollar and now trades at $0.0098 or 0.00000010 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,569,923 coins. Decred’s official website is decred.org. Decred’s official message board is medium.com/decred. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. 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.”

Decred Coin Trading

It is usually not 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