Decred Reaches 24-Hour Trading Volume of $3.45 Million (DCR)

Decred (DCR) traded 3% higher against the US dollar during the 1-day period ending at 23:00 PM ET on May 3rd. One Decred coin can currently be purchased for about $21.62 or 0.00034448 BTC on exchanges. In the last week, Decred has traded 4.1% higher against the US dollar. Decred has a total market cap of $346.58 million and approximately $3.45 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded up 1.7% against the dollar and now trades at $58.66 or 0.00093488 BTC.
• Bitcoiva (BCA) traded up 1.2% against the dollar and now trades at $8.81 or 0.00014045 BTC.
• EverGrow Coin (EGC) traded 4.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 4.2% higher against the dollar and now trades at $1.98 or 0.00003156 BTC.
• Bitcoin Diamond (BCD) traded down 0.4% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $0.98 or 0.00001559 BTC.
• WhiteCoin (XWC) traded up 5.5% against the dollar and now trades at $0.0046 or 0.00000007 BTC.
• ReddCoin (RDD) traded 7.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 2.4% higher against the dollar and now trades at $0.0549 or 0.00000087 BTC.
• Aion (AION) traded up 21.6% against the dollar and now trades at $0.0021 or 0.00000003 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,033,269 coins. Decred’s official message board is medium.com/decred. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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 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, Coinbase or Changelly. 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