Decred Price Hits $11.23 on Top Exchanges (DCR)

Decred (DCR) traded 1.4% lower against the dollar during the twenty-four hour period ending at 8:00 AM ET on March 10th. Decred has a market capitalization of $187.14 million and $2.49 million worth of Decred was traded on exchanges in the last day. One Decred coin can currently be purchased for approximately $11.23 or 0.00013587 BTC on exchanges. Over the last seven days, Decred has traded 10.4% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Compound (COMP) traded down 2.8% against the dollar and now trades at $44.88 or 0.00054324 BTC.
• Zano (ZANO) traded down 6.1% against the dollar and now trades at $6.30 or 0.00007637 BTC.
• Bitcoiva (BCA) traded 5.5% lower against the dollar and now trades at $3.87 or 0.00004715 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001211 BTC.
• WhiteCoin (XWC) traded down 2% against the dollar and now trades at $0.0159 or 0.00000019 BTC.
• 42-coin (42) traded down 2.8% against the dollar and now trades at $175,791.76 or 2.12760872 BTC.
• Bitcoin Diamond (BCD) traded 6.4% lower against the dollar and now trades at $0.0332 or 0.00000040 BTC.
• Navcoin (NAV) traded 3.4% lower against the dollar and now trades at $0.0341 or 0.00000041 BTC.
• ReddCoin (RDD) traded up 37.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 0.8% lower against the dollar and now trades at $0.0026 or 0.00000003 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,670,700 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 website is decred.org. Decred’s official message board is medium.com/decred. 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 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 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