Decred (DCR) Trading 5.7% Lower This Week

Decred (DCR) traded up 2.6% against the dollar during the 24 hour period ending at 23:00 PM ET on July 26th. Decred has a total market capitalization of $201.93 million and $988,692.37 worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded 5.7% lower against the dollar. One Decred coin can currently be purchased for approximately $12.45 or 0.00018315 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded up 2.1% against the dollar and now trades at $51.41 or 0.00075606 BTC.
• Bitcoiva (BCA) traded up 4.8% against the dollar and now trades at $6.18 or 0.00009089 BTC.
• EverGrow Coin (EGC) traded 0.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001473 BTC.
• Bitcoin Diamond (BCD) traded up 7.6% against the dollar and now trades at $0.0664 or 0.00000098 BTC.
• WhiteCoin (XWC) traded 4.6% higher against the dollar and now trades at $0.0041 or 0.00000006 BTC.
• Navcoin (NAV) traded 0.4% lower against the dollar and now trades at $0.0470 or 0.00000069 BTC.
• ReddCoin (RDD) traded up 1.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 4.8% higher against the dollar and now trades at $0.0155 or 0.00000023 BTC.
• 42-coin (42) traded 1.1% higher against the dollar and now trades at $29,863.73 or 0.43922264 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,215,310 coins. The official website for Decred is decred.org. 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. 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 presently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView