Decentralized Social Price Down 21.4% Over Last Week (DESO)

Decentralized Social (DESO) traded up 0.3% against the US dollar during the 1 day period ending at 10:00 AM Eastern on December 24th. One Decentralized Social coin can now be bought for about $9.46 or 0.00009713 BTC on exchanges. Decentralized Social has a market cap of $99.66 million and $494,767.95 worth of Decentralized Social was traded on exchanges in the last day. Over the last week, Decentralized Social has traded down 21.4% against the US dollar.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 2.6% against the dollar and now trades at $96,337.65 or 0.98890170 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.4% higher against the dollar and now trades at $94,394.60 or 0.96895637 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Decentralized Social 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. The Reddit community for Decentralized Social is https://reddit.com/r/deso and the currency’s Github account can be viewed here. Decentralized Social’s official website is deso.com. The official message board for Decentralized Social is diamondapp.com/u/deso?. Decentralized Social’s official Twitter account is @desoprotocol.

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​.”

Decentralized Social Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Decentralized Social directly using US dollars. Investors seeking to trade Decentralized Social should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini 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