Decred Price Hits $17.48 on Exchanges (DCR)

Decred (DCR) traded down 2.5% against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on June 16th. Decred has a market cap of $281.98 million and approximately $1.90 million worth of Decred was traded on exchanges in the last day. In the last seven days, Decred has traded 9% lower against the US dollar. One Decred coin can now be purchased for $17.48 or 0.00026336 BTC on major exchanges.

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

• Compound (COMP) traded down 0.5% against the dollar and now trades at $53.18 or 0.00080120 BTC.
• Bitcoiva (BCA) traded 0.3% higher against the dollar and now trades at $7.15 or 0.00010774 BTC.
• EverGrow Coin (EGC) traded up 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0.8% against the dollar and now trades at $0.99 or 0.00001485 BTC.
• Bitcoin Diamond (BCD) traded 2.6% lower against the dollar and now trades at $0.0658 or 0.00000099 BTC.
• WhiteCoin (XWC) traded down 3.6% against the dollar and now trades at $0.0040 or 0.00000006 BTC.
• Navcoin (NAV) traded up 0.2% against the dollar and now trades at $0.0470 or 0.00000071 BTC.
• Aion (AION) traded 0.5% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• ReddCoin (RDD) traded 2.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,129,548 coins. Decred’s official message board 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. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website 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 presently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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