Decred (DCR) Price Reaches $15.39 on Exchanges

Decred (DCR) traded down 1.5% against the U.S. dollar during the 1-day period ending at 15:00 PM E.T. on June 21st. One Decred coin can now be bought for about $15.39 or 0.00024017 BTC on cryptocurrency exchanges. In the last week, Decred has traded 11.6% lower against the U.S. dollar. Decred has a market capitalization of $248.35 million and approximately $2.02 million worth of Decred was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Compound (COMP) traded 0.6% lower against the dollar and now trades at $49.12 or 0.00076671 BTC.
• Bitcoiva (BCA) traded down 0.5% against the dollar and now trades at $6.91 or 0.00010785 BTC.
• EverGrow Coin (EGC) traded down 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $0.99 or 0.00001539 BTC.
• Bitcoin Diamond (BCD) traded 2.4% higher against the dollar and now trades at $0.0636 or 0.00000099 BTC.
• WhiteCoin (XWC) traded down 3.1% against the dollar and now trades at $0.0041 or 0.00000006 BTC.
• ReddCoin (RDD) traded 23.7% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 5.5% against the dollar and now trades at $0.0490 or 0.00000076 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,139,425 coins. Decred’s official message board is medium.com/decred. Decred’s official website is decred.org. 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.

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 buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView