Decred Trading 1.8% Lower This Week (DCR)

Decred (DCR) traded 3% lower against the U.S. dollar during the 24 hour period ending at 22:00 PM ET on October 23rd. Decred has a total market capitalization of $204.65 million and approximately $1.04 million worth of Decred was traded on exchanges in the last day. Over the last week, Decred has traded down 1.8% against the U.S. dollar. One Decred coin can now be purchased for approximately $12.48 or 0.00018604 BTC on cryptocurrency exchanges.

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

• Compound (COMP) traded 1.6% lower against the dollar and now trades at $44.22 or 0.00065931 BTC.
• Bitcoiva (BCA) traded down 3.2% against the dollar and now trades at $4.67 or 0.00006957 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001496 BTC.
• WhiteCoin (XWC) traded down 0.6% against the dollar and now trades at $0.0161 or 0.00000024 BTC.
• Bitcoin Diamond (BCD) traded 0.8% lower against the dollar and now trades at $0.0625 or 0.00000093 BTC.
• Navcoin (NAV) traded 2.3% higher against the dollar and now trades at $0.0311 or 0.00000046 BTC.
• Memetic (MEME) traded down 1.6% against the dollar and now trades at $0.0124 or 0.00000019 BTC.
• ReddCoin (RDD) traded 69.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded 0.4% lower against the dollar and now trades at $25,473.68 or 0.37976409 BTC.
• DeepOnion (ONION) traded down 0.4% against the dollar and now trades at $0.0536 or 0.00000080 BTC.

Decred Profile

Decred (CRYPTO: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 16,399,521 coins. 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. The official website for Decred 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.”

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 GDAX, Changelly or Gemini. 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