Decred (DCR) Reaches Market Capitalization of $187.76 Million

Decred (DCR) traded down 2% against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on September 17th. Decred has a market cap of $187.76 million and approximately $857,268.29 worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be bought for $11.50 or 0.00019453 BTC on exchanges. Over the last seven days, Decred has traded down 3.7% against the U.S. dollar.

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

• Compound (COMP) traded down 0.4% against the dollar and now trades at $42.86 or 0.00072495 BTC.
• Bitcoiva (BCA) traded 1.5% higher against the dollar and now trades at $4.06 or 0.00006865 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001701 BTC.
• Bitcoin Diamond (BCD) traded 3% higher against the dollar and now trades at $0.0649 or 0.00000110 BTC.
• WhiteCoin (XWC) traded down 35.1% against the dollar and now trades at $0.0085 or 0.00000014 BTC.
• Navcoin (NAV) traded down 5.4% against the dollar and now trades at $0.0373 or 0.00000063 BTC.
• Memetic (MEME) traded 1.1% lower against the dollar and now trades at $0.0093 or 0.00000016 BTC.
• ReddCoin (RDD) traded up 5.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 2.3% against the dollar and now trades at $23,387.73 or 0.39554601 BTC.
• Aion (AION) traded 0.6% lower against the dollar and now trades at $0.0016 or 0.00000003 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,324,192 coins. The official message board for Decred is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. 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.”

Buying and Selling Decred

It is usually not possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView