Decred (DCR) Price Hits $14.36 on Top Exchanges

Decred (DCR) traded 0.8% lower against the U.S. dollar during the one day period ending at 7:00 AM E.T. on January 9th. Decred has a total market cap of $237.76 million and approximately $2.63 million worth of Decred was traded on exchanges in the last 24 hours. In the last seven days, Decred has traded down 9.5% against the U.S. dollar. One Decred coin can currently be bought for about $14.36 or 0.00015383 BTC on cryptocurrency exchanges.

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

• Compound (COMP) traded down 1.5% against the dollar and now trades at $71.68 or 0.00076779 BTC.
• Zano (ZANO) traded 9.2% higher against the dollar and now trades at $17.14 or 0.00018286 BTC.
• Bitcoiva (BCA) traded 1.1% lower against the dollar and now trades at $6.38 or 0.00006836 BTC.
• ReddCoin (RDD) traded 4,009.6% higher against the dollar and now trades at $0.0028 or 0.00000003 BTC.
• WhiteCoin (XWC) traded 0.7% lower against the dollar and now trades at $0.0291 or 0.00000031 BTC.
• dForce USD (USX) traded 0.2% lower against the dollar and now trades at $1.00 or 0.00001067 BTC.
• Bitcoin Diamond (BCD) traded up 4.4% against the dollar and now trades at $0.0578 or 0.00000062 BTC.
• Navcoin (NAV) traded up 5.2% against the dollar and now trades at $0.0467 or 0.00000050 BTC.
• 42-coin (42) traded 2.1% lower against the dollar and now trades at $43,848.98 or 0.46965120 BTC.
• Memetic (MEME) traded down 2.1% against the dollar and now trades at $0.0095 or 0.00000010 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,554,410 coins. Decred’s official website is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred 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.”

Buying and Selling Decred

It is usually not possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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