Decred (DCR) Price Tops $12.93 on Major Exchanges

Decred (DCR) traded 2.7% lower against the dollar during the 1-day period ending at 7:00 AM Eastern on January 21st. One Decred coin can now be purchased for approximately $12.93 or 0.00012459 BTC on major exchanges. During the last seven days, Decred has traded down 4.6% against the dollar. Decred has a total market capitalization of $214.40 million and $4.52 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 4% lower against the dollar and now trades at $80.41 or 0.00077464 BTC.
• Zano (ZANO) traded up 1.7% against the dollar and now trades at $13.94 or 0.00013431 BTC.
• Bitcoiva (BCA) traded 3.2% lower against the dollar and now trades at $5.92 or 0.00005698 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00000971 BTC.
• WhiteCoin (XWC) traded 1.2% higher against the dollar and now trades at $0.0181 or 0.00000017 BTC.
• Bitcoin Diamond (BCD) traded up 0.4% against the dollar and now trades at $0.0542 or 0.00000052 BTC.
• Navcoin (NAV) traded 26.7% higher against the dollar and now trades at $0.0380 or 0.00000037 BTC.
• 42-coin (42) traded 3.6% lower against the dollar and now trades at $48,794.15 or 0.47004298 BTC.
• ReddCoin (RDD) traded down 20.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 6.7% lower against the dollar and now trades at $0.0084 or 0.00000008 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 16,577,891 coins. Decred’s official website is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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 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, 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