Decred Price Down 4.5% Over Last 7 Days (DCR)

Decred (DCR) traded down 1% against the dollar during the one day period ending at 23:00 PM E.T. on May 9th. One Decred coin can now be bought for approximately $20.11 or 0.00031990 BTC on major exchanges. In the last week, Decred has traded 4.5% lower against the dollar. Decred has a total market capitalization of $322.70 million and approximately $2.08 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 1.4% against the dollar and now trades at $58.12 or 0.00092454 BTC.
• Bitcoiva (BCA) traded 1.3% lower against the dollar and now trades at $9.09 or 0.00014454 BTC.
• EverGrow Coin (EGC) traded 0.4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded up 0.9% against the dollar and now trades at $0.10 or 0.00000159 BTC.
• dForce USD (USX) traded 0.6% higher against the dollar and now trades at $0.98 or 0.00001561 BTC.
• WhiteCoin (XWC) traded 3.8% higher against the dollar and now trades at $0.0071 or 0.00000011 BTC.
• ReddCoin (RDD) traded up 6.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.1% lower against the dollar and now trades at $0.0541 or 0.00000086 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.
• 42-coin (42) traded flat against the dollar and now trades at $48,452.97 or 0.77873222 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,046,132 coins. The official message board for Decred is medium.com/decred. 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. 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 possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini 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