Decred Hits Market Capitalization of $180.96 Million (DCR)

Decred (DCR) traded 1% higher against the dollar during the 1-day period ending at 21:00 PM E.T. on September 7th. One Decred coin can currently be bought for about $11.10 or 0.00020470 BTC on popular cryptocurrency exchanges. Decred has a total market cap of $180.96 million and $1.33 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 4.2% higher against the dollar.

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

• Compound (COMP) traded up 0.8% against the dollar and now trades at $41.36 or 0.00076285 BTC.
• Bitcoiva (BCA) traded 0.9% lower against the dollar and now trades at $3.68 or 0.00006784 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001847 BTC.
• EverGrow Coin (EGC) traded 21.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 3.9% lower against the dollar and now trades at $0.0657 or 0.00000121 BTC.
• WhiteCoin (XWC) traded down 2.4% against the dollar and now trades at $0.0057 or 0.00000010 BTC.
• Navcoin (NAV) traded 1.4% lower against the dollar and now trades at $0.0361 or 0.00000067 BTC.
• ReddCoin (RDD) traded up 2.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 1.2% higher against the dollar and now trades at $0.0087 or 0.00000016 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,304,784 coins. The official website for Decred 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.”

Buying and Selling Decred

It is usually not presently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase 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 purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView