Decred (DCR) Achieves Market Cap of $198.36 Million

Decred (DCR) traded up 0.3% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on July 30th. In the last week, Decred has traded down 1.3% against the U.S. dollar. Decred has a total market capitalization of $198.36 million and approximately $1.38 million worth of Decred was traded on exchanges in the last day. One Decred coin can currently be purchased for about $12.23 or 0.00018535 BTC on major exchanges.

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

• Compound (COMP) traded up 10.5% against the dollar and now trades at $51.82 or 0.00078546 BTC.
• Bitcoiva (BCA) traded down 2.4% against the dollar and now trades at $6.14 or 0.00009302 BTC.
• EverGrow Coin (EGC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001517 BTC.
• Bitcoin Diamond (BCD) traded down 4.3% against the dollar and now trades at $0.0675 or 0.00000102 BTC.
• WhiteCoin (XWC) traded 13.2% higher against the dollar and now trades at $0.0050 or 0.00000008 BTC.
• Navcoin (NAV) traded up 6.4% against the dollar and now trades at $0.0492 or 0.00000075 BTC.
• ReddCoin (RDD) traded 6.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 2.6% lower against the dollar and now trades at $0.0149 or 0.00000023 BTC.
• 42-coin (42) traded down 2.5% against the dollar and now trades at $30,433.17 or 0.46131433 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,222,830 coins. The official website for Decred is decred.org. The official message board for Decred 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView