Decred (DCR) Price Hits $12.78 on Exchanges

Decred (DCR) traded down 0.7% against the US dollar during the 24-hour period ending at 7:00 AM ET on January 25th. One Decred coin can currently be purchased for approximately $12.78 or 0.00012210 BTC on major exchanges. Decred has a total market cap of $211.91 million and approximately $2.28 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded down 13.3% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Compound (COMP) traded 5.3% lower against the dollar and now trades at $73.95 or 0.00070673 BTC.
• Zano (ZANO) traded up 4.4% against the dollar and now trades at $12.98 or 0.00012430 BTC.
• Bitcoiva (BCA) traded down 0.1% against the dollar and now trades at $6.20 or 0.00005920 BTC.
• WhiteCoin (XWC) traded down 6.5% against the dollar and now trades at $0.0211 or 0.00000020 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00000951 BTC.
• ReddCoin (RDD) traded 382.8% higher against the dollar and now trades at $0.0005 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 0% higher against the dollar and now trades at $0.0591 or 0.00000057 BTC.
• Navcoin (NAV) traded down 1.2% against the dollar and now trades at $0.0363 or 0.00000035 BTC.
• 42-coin (42) traded down 0.8% against the dollar and now trades at $49,188.92 or 0.47006961 BTC.
• Memetic (MEME) traded 5% lower against the dollar and now trades at $0.0080 or 0.00000008 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,585,782 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. The official message board for Decred is medium.com/decred. 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 currently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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