Decred Trading Down 1.3% This Week (DCR)

Decred (DCR) traded 3.3% lower against the dollar during the one day period ending at 16:00 PM E.T. on October 23rd. One Decred coin can currently be purchased for about $12.50 or 0.00018882 BTC on major cryptocurrency exchanges. Decred has a total market cap of $205.06 million and $996,238.78 worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded down 1.3% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded 3.3% lower against the dollar and now trades at $43.28 or 0.00065353 BTC.
• Bitcoiva (BCA) traded down 5% against the dollar and now trades at $4.67 or 0.00007047 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001513 BTC.
• WhiteCoin (XWC) traded 0% higher against the dollar and now trades at $0.0163 or 0.00000025 BTC.
• Bitcoin Diamond (BCD) traded 0% higher against the dollar and now trades at $0.0624 or 0.00000094 BTC.
• Navcoin (NAV) traded 2.8% higher against the dollar and now trades at $0.0311 or 0.00000047 BTC.
• Memetic (MEME) traded down 4% against the dollar and now trades at $0.0122 or 0.00000019 BTC.
• ReddCoin (RDD) traded 70.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded 1.8% lower against the dollar and now trades at $25,166.77 or 0.38000618 BTC.
• DeepOnion (ONION) traded down 1.8% against the dollar and now trades at $0.0530 or 0.00000080 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,399,007 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. 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.”

Decred Coin Trading

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