Decred Reaches Market Cap of $274.22 Million (DCR)

Decred (DCR) traded 0.4% higher against the dollar during the 24 hour period ending at 10:00 AM ET on November 30th. One Decred coin can now be purchased for approximately $16.64 or 0.00017215 BTC on cryptocurrency exchanges. During the last seven days, Decred has traded up 9.6% against the dollar. Decred has a market capitalization of $274.22 million and approximately $1.84 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded 1.5% higher against the dollar and now trades at $72.19 or 0.00074666 BTC.
• Bitcoiva (BCA) traded up 3% against the dollar and now trades at $8.60 or 0.00008891 BTC.
• Zano (ZANO) traded 0.8% lower against the dollar and now trades at $7.12 or 0.00007368 BTC.
• WhiteCoin (XWC) traded up 2.4% against the dollar and now trades at $0.0421 or 0.00000044 BTC.
• Bitcoin Diamond (BCD) traded up 2.4% against the dollar and now trades at $0.0848 or 0.00000088 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.99 or 0.00001028 BTC.
• ReddCoin (RDD) traded down 81.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 2.4% against the dollar and now trades at $0.0295 or 0.00000031 BTC.
• 42-coin (42) traded down 1.5% against the dollar and now trades at $38,672.66 or 0.39998050 BTC.
• Memetic (MEME) traded 2.6% higher against the dollar and now trades at $0.0157 or 0.00000016 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,475,179 coins. The official message board for Decred is medium.com/decred. The official website for Decred is decred.org. 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.

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 trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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