Decred 24-Hour Trading Volume Reaches $1.22 Million (DCR)

Decred (DCR) traded 6.6% lower against the US dollar during the 24 hour period ending at 0:00 AM Eastern on June 29th. Decred has a market cap of $235.83 million and approximately $1.22 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be bought for approximately $14.60 or 0.00024042 BTC on popular exchanges. In the last week, Decred has traded 7.9% lower against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Compound (COMP) traded 4.9% lower against the dollar and now trades at $47.89 or 0.00078885 BTC.
• Bitcoiva (BCA) traded 2.1% lower against the dollar and now trades at $6.61 or 0.00010895 BTC.
• EverGrow Coin (EGC) traded 0.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $0.99 or 0.00001634 BTC.
• ReddCoin (RDD) traded 68.6% higher against the dollar and now trades at $0.0005 or 0.00000001 BTC.
• Bitcoin Diamond (BCD) traded 0.2% lower against the dollar and now trades at $0.0604 or 0.00000099 BTC.
• WhiteCoin (XWC) traded 0.2% higher against the dollar and now trades at $0.0041 or 0.00000007 BTC.
• Navcoin (NAV) traded down 0% against the dollar and now trades at $0.0464 or 0.00000076 BTC.
• Aion (AION) traded down 1.8% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,157,521 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. Decred’s official website 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 currently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView