Decred Trading Up 2.7% This Week (DCR)

Decred (DCR) traded 0.2% lower against the US dollar during the 1-day period ending at 14:00 PM E.T. on June 28th. One Decred coin can now be purchased for $15.58 or 0.00025702 BTC on popular exchanges. In the last seven days, Decred has traded up 2.7% against the US dollar. Decred has a market cap of $251.75 million and $1.54 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 0.6% against the dollar and now trades at $49.65 or 0.00081887 BTC.
• Bitcoiva (BCA) traded up 1.1% against the dollar and now trades at $6.87 or 0.00011335 BTC.
• EverGrow Coin (EGC) traded 1.3% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• ReddCoin (RDD) traded 798.6% higher against the dollar and now trades at $0.0006 or 0.00000001 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $0.99 or 0.00001637 BTC.
• Bitcoin Diamond (BCD) traded 2.7% lower against the dollar and now trades at $0.0598 or 0.00000099 BTC.
• WhiteCoin (XWC) traded 0.1% lower against the dollar and now trades at $0.0040 or 0.00000007 BTC.
• Navcoin (NAV) traded down 2.2% against the dollar and now trades at $0.0465 or 0.00000077 BTC.
• Aion (AION) traded 0.1% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,154,662 coins. 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. The official message board for Decred is medium.com/decred. 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 presently 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 Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView