Decred (DCR) Trading 2.7% Higher This Week

Decred (DCR) traded down 0.5% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM Eastern on May 5th. Decred has a total market cap of $344.69 million and $3.20 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be bought for $21.49 or 0.00033561 BTC on cryptocurrency exchanges. Over the last seven days, Decred has traded 2.7% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded down 1.2% against the dollar and now trades at $57.51 or 0.00089797 BTC.
• Bitcoiva (BCA) traded up 1.8% against the dollar and now trades at $8.88 or 0.00013871 BTC.
• EverGrow Coin (EGC) traded down 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded up 8.3% against the dollar and now trades at $2.13 or 0.00003319 BTC.
• Bitcoin Diamond (BCD) traded down 0.2% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.98 or 0.00001529 BTC.
• WhiteCoin (XWC) traded 0.2% lower against the dollar and now trades at $0.0046 or 0.00000007 BTC.
• ReddCoin (RDD) traded down 17.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 0.5% against the dollar and now trades at $0.0558 or 0.00000087 BTC.
• Aion (AION) traded down 3% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About Decred

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,036,594 coins. The official website for Decred 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 US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView