Decred Hits Market Capitalization of $178.72 Million (DCR)

Decred (DCR) traded down 2.1% against the U.S. dollar during the 24 hour period ending at 22:00 PM E.T. on September 6th. Decred has a market cap of $178.72 million and approximately $1.51 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded down 1.2% against the U.S. dollar. One Decred coin can now be purchased for about $10.96 or 0.00020386 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded 2.9% lower against the dollar and now trades at $40.96 or 0.00076165 BTC.
• Bitcoiva (BCA) traded down 4.7% against the dollar and now trades at $3.71 or 0.00006899 BTC.
• EverGrow Coin (EGC) traded up 21.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001851 BTC.
• Bitcoin Diamond (BCD) traded 3.1% lower against the dollar and now trades at $0.0684 or 0.00000127 BTC.
• WhiteCoin (XWC) traded down 9.1% against the dollar and now trades at $0.0057 or 0.00000011 BTC.
• Navcoin (NAV) traded down 3.8% against the dollar and now trades at $0.0366 or 0.00000068 BTC.
• ReddCoin (RDD) traded down 20.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 3.4% against the dollar and now trades at $0.0086 or 0.00000016 BTC.
• Aion (AION) traded 4.3% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,302,476 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official website for Decred 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 presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy 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 buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView