Decred (DCR) Price Reaches $11.49 on Exchanges

Decred (DCR) traded 4.9% higher against the dollar during the 24 hour period ending at 11:00 AM Eastern on November 5th. One Decred coin can now be purchased for approximately $11.49 or 0.00016360 BTC on popular cryptocurrency exchanges. Decred has a market cap of $188.70 million and approximately $843,287.49 worth of Decred was traded on exchanges in the last day. In the last week, Decred has traded 9.6% lower against the dollar.

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

• Compound (COMP) traded down 2.5% against the dollar and now trades at $40.49 or 0.00057658 BTC.
• Zano (ZANO) traded up 1.1% against the dollar and now trades at $6.85 or 0.00009822 BTC.
• Bitcoiva (BCA) traded up 3.8% against the dollar and now trades at $4.09 or 0.00005823 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001418 BTC.
• Bitcoin Diamond (BCD) traded up 4.1% against the dollar and now trades at $0.0566 or 0.00000081 BTC.
• WhiteCoin (XWC) traded 5.7% lower against the dollar and now trades at $0.0131 or 0.00000019 BTC.
• Navcoin (NAV) traded 0.4% lower against the dollar and now trades at $0.0280 or 0.00000040 BTC.
• ReddCoin (RDD) traded 135.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 8.6% higher against the dollar and now trades at $0.0114 or 0.00000016 BTC.
• 42-coin (42) traded up 2.8% against the dollar and now trades at $26,676.84 or 0.37988862 BTC.

Decred 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 16,425,214 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official message board is medium.com/decred. The official website for Decred 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.”

Decred Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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