Decred Hits 24-Hour Trading Volume of $1.46 Million (DCR)

Decred (DCR) traded 5.8% higher against the U.S. dollar during the 24-hour period ending at 13:00 PM Eastern on October 29th. One Decred coin can currently be purchased for approximately $12.78 or 0.00017564 BTC on popular cryptocurrency exchanges. Decred has a market capitalization of $209.76 million and $1.46 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded down 0.8% against the U.S. dollar.

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

• Compound (COMP) traded up 6.7% against the dollar and now trades at $45.12 or 0.00062008 BTC.
• Bitcoiva (BCA) traded 3.3% higher against the dollar and now trades at $4.52 or 0.00006213 BTC.
• dForce USD (USX) traded up 0% against the dollar and now trades at $1.00 or 0.00001366 BTC.
• Bitcoin Diamond (BCD) traded 0% lower against the dollar and now trades at $0.0583 or 0.00000080 BTC.
• WhiteCoin (XWC) traded up 2.2% against the dollar and now trades at $0.0123 or 0.00000017 BTC.
• Navcoin (NAV) traded 4% higher against the dollar and now trades at $0.0317 or 0.00000044 BTC.
• Memetic (MEME) traded 5.6% higher against the dollar and now trades at $0.0134 or 0.00000018 BTC.
• ReddCoin (RDD) traded up 0.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 5.4% higher against the dollar and now trades at $27,690.21 or 0.38051256 BTC.
• Aion (AION) traded 13.7% higher against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,411,242 coins. Decred’s official message board is medium.com/decred. The official website for Decred is decred.org. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView