Decred Trading Down 5.3% This Week (DCR)

Decred (DCR) traded down 3.9% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM E.T. on December 16th. One Decred coin can currently be bought for $20.59 or 0.00019806 BTC on popular exchanges. In the last week, Decred has traded 5.3% lower against the U.S. dollar. Decred has a market capitalization of $339.89 million and approximately $3.39 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded down 1.7% against the dollar and now trades at $104.25 or 0.00100273 BTC.
• Zano (ZANO) traded up 3% against the dollar and now trades at $12.22 or 0.00011686 BTC.
• Bitcoiva (BCA) traded up 2.4% against the dollar and now trades at $9.20 or 0.00008846 BTC.
• WhiteCoin (XWC) traded 6.8% higher against the dollar and now trades at $0.0314 or 0.00000030 BTC.
• Bitcoin Diamond (BCD) traded up 3.8% against the dollar and now trades at $0.0791 or 0.00000076 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $1.00 or 0.00000958 BTC.
• Navcoin (NAV) traded down 25.8% against the dollar and now trades at $0.0238 or 0.00000023 BTC.
• ReddCoin (RDD) traded 10.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded up 1.4% against the dollar and now trades at $51,995.80 or 0.50013378 BTC.
• Memetic (MEME) traded 2.3% lower against the dollar and now trades at $0.0129 or 0.00000012 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 16,506,901 coins. 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. 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 U.S. dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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