Decred (DCR) Hits Market Capitalization of $326.94 Million

Decred (DCR) traded 4.4% higher against the dollar during the 24-hour period ending at 23:00 PM ET on April 16th. One Decred coin can now be bought for approximately $20.44 or 0.00031934 BTC on major cryptocurrency exchanges. During the last week, Decred has traded down 19.1% against the dollar. Decred has a total market cap of $326.94 million and $2.44 million worth of Decred was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Compound (COMP) traded 1.2% higher against the dollar and now trades at $53.06 or 0.00082904 BTC.
• Bitcoiva (BCA) traded up 0.2% against the dollar and now trades at $8.12 or 0.00012686 BTC.
• EverGrow Coin (EGC) traded down 3.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded down 0% against the dollar and now trades at $1.99 or 0.00003111 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.96 or 0.00001497 BTC.
• Bitcoin Diamond (BCD) traded 1.1% higher against the dollar and now trades at $0.10 or 0.00000162 BTC.
• WhiteCoin (XWC) traded down 4% against the dollar and now trades at $0.0051 or 0.00000008 BTC.
• ReddCoin (RDD) traded 38.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 0.3% against the dollar and now trades at $0.0620 or 0.00000097 BTC.
• Aion (AION) traded 6.5% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 15,995,465 coins. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed 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 US dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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