Decred Market Capitalization Tops $240.79 Million (DCR)

Decred (DCR) traded up 0.7% against the U.S. dollar during the 1 day period ending at 15:00 PM E.T. on November 20th. One Decred coin can currently be purchased for about $15.38 or 0.00040984 BTC on popular cryptocurrency exchanges. In the last week, Decred has traded up 4% against the U.S. dollar. Decred has a total market cap of $240.79 million and $1.33 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded down 0.7% against the dollar and now trades at $51.72 or 0.00137800 BTC.
• Bitcoiva (BCA) traded 1.6% higher against the dollar and now trades at $9.45 or 0.00025166 BTC.
• Safe (SAFE) traded up 0% against the dollar and now trades at $3.00 or 0.00008005 BTC.
• WhiteCoin (XWC) traded 30.8% lower against the dollar and now trades at $0.0450 or 0.00000120 BTC.
• BlueArk (BRK) traded flat against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00002677 BTC.
• EverGrow Coin (EGC) traded up 6.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 17.5% higher against the dollar and now trades at $0.0784 or 0.00000209 BTC.
• Secret (SIE) traded up 4.4% against the dollar and now trades at $0.0029 or 0.00000008 BTC.
• Navcoin (NAV) traded 9.3% higher against the dollar and now trades at $0.0420 or 0.00000112 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 15,652,698 coins. 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. The official website for Decred is decred.org.

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 US dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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