Decred (DCR) 24 Hour Trading Volume Hits $1.47 Million

Decred (DCR) traded 2.3% lower against the dollar during the 24-hour period ending at 15:00 PM Eastern on August 7th. One Decred coin can now be bought for $9.80 or 0.00017800 BTC on popular exchanges. Decred has a total market cap of $159.10 million and $1.47 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 20.9% lower against the dollar.

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

• Compound (COMP) traded 8.1% lower against the dollar and now trades at $37.40 or 0.00067950 BTC.
• Bitcoiva (BCA) traded 2.6% higher against the dollar and now trades at $4.90 or 0.00008896 BTC.
• EverGrow Coin (EGC) traded 2.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001787 BTC.
• Bitcoin Diamond (BCD) traded up 7% against the dollar and now trades at $0.0655 or 0.00000119 BTC.
• WhiteCoin (XWC) traded 4.5% higher against the dollar and now trades at $0.0058 or 0.00000011 BTC.
• Navcoin (NAV) traded 2.4% lower against the dollar and now trades at $0.0410 or 0.00000074 BTC.
• Memetic (MEME) traded down 1% against the dollar and now trades at $0.0104 or 0.00000019 BTC.
• ReddCoin (RDD) traded down 1.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded 4.4% higher against the dollar and now trades at $0.0019 or 0.00000003 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 16,239,755 coins. Decred’s official message board is medium.com/decred. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official website for Decred is decred.org. 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 purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView