Decred (DCR) Market Cap Reaches $206.81 Million

Decred (DCR) traded 1.6% higher against the US dollar during the 24 hour period ending at 10:00 AM ET on October 25th. Decred has a market cap of $206.81 million and approximately $1.16 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can now be bought for about $12.61 or 0.00018499 BTC on popular exchanges. Over the last seven days, Decred has traded 0.2% higher against the US dollar.

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

• Compound (COMP) traded 0.5% higher against the dollar and now trades at $43.95 or 0.00064480 BTC.
• Bitcoiva (BCA) traded up 0.6% against the dollar and now trades at $4.73 or 0.00006935 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001464 BTC.
• WhiteCoin (XWC) traded down 6.2% against the dollar and now trades at $0.0157 or 0.00000023 BTC.
• Bitcoin Diamond (BCD) traded up 0.6% against the dollar and now trades at $0.0591 or 0.00000087 BTC.
• Navcoin (NAV) traded down 0.3% against the dollar and now trades at $0.0309 or 0.00000045 BTC.
• Memetic (MEME) traded up 0.8% against the dollar and now trades at $0.0126 or 0.00000019 BTC.
• ReddCoin (RDD) traded 8.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 0.6% higher against the dollar and now trades at $25,899.91 or 0.38000733 BTC.
• DeepOnion (ONION) traded 0.6% higher against the dollar and now trades at $0.0545 or 0.00000080 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 16,402,674 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 message board is medium.com/decred. Decred’s official website is decred.org. 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 trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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