Decentralized Social 1-Day Trading Volume Tops $9.96 Million (DESO)

Decentralized Social (DESO) traded 2.4% higher against the US dollar during the 1 day period ending at 14:00 PM ET on July 6th. During the last seven days, Decentralized Social has traded down 4.4% against the US dollar. One Decentralized Social coin can currently be purchased for about $18.25 or 0.00031481 BTC on major cryptocurrency exchanges. Decentralized Social has a market cap of $192.19 million and $9.96 million worth of Decentralized Social was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded 0.5% higher against the dollar and now trades at $0.18 or 0.00000317 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.7% against the dollar and now trades at $0.0119 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Decentralized Social Coin Profile

Decentralized Social was first traded on March 1st, 2021. Decentralized Social’s total supply is 10,808,492 coins and its circulating supply is 10,532,253 coins. Decentralized Social’s official Twitter account is @desoprotocol. The official website for Decentralized Social is deso.com. Decentralized Social’s official message board is diamondapp.com/u/deso?. The Reddit community for Decentralized Social is https://reddit.com/r/deso and the currency’s Github account can be viewed here.

According to CryptoCompare, “Decentralized Social (DESO) is a blockchain-based platform intended for the creation and operation of decentralised social media applications. It addresses issues linked with centralised platforms, such as data privacy, content censorship, and monetisation. Users retain control over their data, enhancing privacy and reducing exploitation risks. Content creators can monetise their work through mechanisms like NFTs, tips, and subscriptions, bypassing intermediaries. By decentralising content storage and distribution, DESO seeks to lessen censorship and support free expression. Additionally, DESO is designed to manage high volumes of transactions and data, making it appropriate for high-traffic social applications. Nader Al-Naji founded DESO, which combines the open financial system features of cryptocurrencies with a scalable database infrastructure​.”

Buying and Selling Decentralized Social

It is usually not possible to buy alternative cryptocurrencies such as Decentralized Social directly using U.S. dollars. Investors seeking to trade Decentralized Social should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decentralized Social using one of the exchanges listed above.

DESO/USD price chart by TradingView