Decred Price Hits $12.91 (DCR)

Decred (DCR) traded up 0.7% against the dollar during the 24-hour period ending at 15:00 PM Eastern on October 22nd. One Decred coin can currently be bought for about $12.91 or 0.00019175 BTC on popular exchanges. Decred has a market capitalization of $211.71 million and approximately $814,449.39 worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded 1.4% higher against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Compound (COMP) traded down 1% against the dollar and now trades at $44.60 or 0.00066230 BTC.
• Bitcoiva (BCA) traded 10.4% higher against the dollar and now trades at $4.91 or 0.00007293 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001477 BTC.
• WhiteCoin (XWC) traded down 0% against the dollar and now trades at $0.0164 or 0.00000024 BTC.
• Bitcoin Diamond (BCD) traded 0.4% lower against the dollar and now trades at $0.0630 or 0.00000094 BTC.
• ReddCoin (RDD) traded 62.3% lower against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Navcoin (NAV) traded down 3.2% against the dollar and now trades at $0.0303 or 0.00000045 BTC.
• Memetic (MEME) traded down 6% against the dollar and now trades at $0.0126 or 0.00000019 BTC.
• 42-coin (42) traded down 0.1% against the dollar and now trades at $25,582.86 or 0.37992409 BTC.
• Aion (AION) traded up 2.9% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,396,927 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official message board for Decred is medium.com/decred. Decred’s official website is decred.org. 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 acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView