Decred One Day Trading Volume Tops $2.13 Million (DCR)

Decred (DCR) traded up 7.7% against the dollar during the twenty-four hour period ending at 11:00 AM Eastern on May 2nd. One Decred coin can currently be bought for $20.40 or 0.00034448 BTC on popular exchanges. In the last seven days, Decred has traded down 8.3% against the dollar. Decred has a total market cap of $327.04 million and approximately $2.13 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Compound (COMP) traded 9.8% higher against the dollar and now trades at $57.03 or 0.00096296 BTC.
• Bitcoiva (BCA) traded up 6.1% against the dollar and now trades at $8.97 or 0.00015149 BTC.
• EverGrow Coin (EGC) traded 2.1% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 26.8% lower against the dollar and now trades at $1.90 or 0.00003210 BTC.
• Bitcoin Diamond (BCD) traded up 7.7% against the dollar and now trades at $0.11 or 0.00000183 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $0.98 or 0.00001656 BTC.
• WhiteCoin (XWC) traded 3.1% higher against the dollar and now trades at $0.0049 or 0.00000008 BTC.
• ReddCoin (RDD) traded down 5.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 5.8% against the dollar and now trades at $0.0554 or 0.00000094 BTC.
• Aion (AION) traded up 1.7% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,029,839 coins. 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. 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.”

Buying and Selling Decred

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 GDAX, Gemini or Changelly. 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