Decred Hits 24 Hour Volume of $2.14 Million (DCR)

Decred (DCR) traded up 1.2% against the US dollar during the one day period ending at 8:00 AM Eastern on March 6th. During the last week, Decred has traded down 2.9% against the US dollar. One Decred coin can currently be bought for about $12.13 or 0.00013470 BTC on cryptocurrency exchanges. Decred has a total market cap of $202.06 million and $2.14 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 0.7% against the dollar and now trades at $50.91 or 0.00056561 BTC.
• Zano (ZANO) traded 6.3% lower against the dollar and now trades at $7.17 or 0.00007904 BTC.
• Bitcoiva (BCA) traded 4.4% higher against the dollar and now trades at $4.37 or 0.00004816 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001095 BTC.
• WhiteCoin (XWC) traded 0.1% higher against the dollar and now trades at $0.0161 or 0.00000018 BTC.
• 42-coin (42) traded down 0.4% against the dollar and now trades at $191,629.33 or 2.12880294 BTC.
• Bitcoin Diamond (BCD) traded up 6.5% against the dollar and now trades at $0.0412 or 0.00000046 BTC.
• ReddCoin (RDD) traded up 37% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 0.3% against the dollar and now trades at $0.0352 or 0.00000039 BTC.
• Memetic (MEME) traded down 0% against the dollar and now trades at $0.0031 or 0.00000003 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,663,375 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. The official message board for Decred is medium.com/decred.

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 US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView