Decred Trading Down 6.2% Over Last Week (DCR)

Decred (DCR) traded down 3.5% against the US dollar during the 24 hour period ending at 12:00 PM E.T. on August 3rd. Over the last seven days, Decred has traded down 6.2% against the US dollar. Decred has a market cap of $186.67 million and approximately $1.73 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be purchased for about $11.50 or 0.00018834 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Compound (COMP) traded 3% lower against the dollar and now trades at $49.01 or 0.00080261 BTC.
• Bitcoiva (BCA) traded down 4.6% against the dollar and now trades at $5.33 or 0.00008722 BTC.
• EverGrow Coin (EGC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $1.00 or 0.00001635 BTC.
• Bitcoin Diamond (BCD) traded 5.1% lower against the dollar and now trades at $0.0693 or 0.00000113 BTC.
• WhiteCoin (XWC) traded down 0.5% against the dollar and now trades at $0.0057 or 0.00000009 BTC.
• Navcoin (NAV) traded down 4% against the dollar and now trades at $0.0444 or 0.00000073 BTC.
• Memetic (MEME) traded down 10.9% against the dollar and now trades at $0.0114 or 0.00000019 BTC.
• ReddCoin (RDD) traded 22.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Aion (AION) traded down 4.5% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,231,349 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official website is decred.org. The official message board for Decred is medium.com/decred. 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.”

Buying and Selling Decred

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView