Decred Trading Down 6.1% Over Last 7 Days (DCR)

Decred (DCR) traded down 5.2% against the dollar during the 24-hour period ending at 23:00 PM Eastern on October 25th. Over the last seven days, Decred has traded 6.1% lower against the dollar. One Decred coin can now be purchased for approximately $11.93 or 0.00017876 BTC on exchanges. Decred has a total market capitalization of $195.74 million and approximately $1.47 million worth of Decred was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Compound (COMP) traded 5.3% lower against the dollar and now trades at $41.75 or 0.00062540 BTC.
• Bitcoiva (BCA) traded down 7.8% against the dollar and now trades at $4.44 or 0.00006656 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001492 BTC.
• WhiteCoin (XWC) traded 4.4% lower against the dollar and now trades at $0.0160 or 0.00000024 BTC.
• Bitcoin Diamond (BCD) traded 0.9% lower against the dollar and now trades at $0.0584 or 0.00000087 BTC.
• Navcoin (NAV) traded 0.3% lower against the dollar and now trades at $0.0305 or 0.00000046 BTC.
• Memetic (MEME) traded down 13.9% against the dollar and now trades at $0.0112 or 0.00000017 BTC.
• ReddCoin (RDD) traded 7.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 1.9% against the dollar and now trades at $25,362.37 or 0.37994715 BTC.
• DeepOnion (ONION) traded 1.8% lower against the dollar and now trades at $0.0534 or 0.00000080 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,403,898 coins. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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 purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView