Decred Market Capitalization Hits $290.81 Million (DCR)

Decred (DCR) traded down 0.6% against the US dollar during the 1-day period ending at 0:00 AM Eastern on June 13th. One Decred coin can now be purchased for approximately $18.04 or 0.00027041 BTC on exchanges. Decred has a total market cap of $290.81 million and approximately $1.69 million worth of Decred was traded on exchanges in the last 24 hours. In the last seven days, Decred has traded down 16.6% against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Compound (COMP) traded 1.7% lower against the dollar and now trades at $51.92 or 0.00077837 BTC.
  • Bitcoiva (BCA) traded 4.3% lower against the dollar and now trades at $7.43 or 0.00011134 BTC.
  • EverGrow Coin (EGC) traded 2.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • dForce USD (USX) traded down 1.4% against the dollar and now trades at $0.99 or 0.00001483 BTC.
  • Bitcoin Diamond (BCD) traded down 5.1% against the dollar and now trades at $0.0676 or 0.00000101 BTC.
  • ReddCoin (RDD) traded up 23.5% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
  • WhiteCoin (XWC) traded up 13.3% against the dollar and now trades at $0.0054 or 0.00000008 BTC.
  • Navcoin (NAV) traded 0% higher against the dollar and now trades at $0.0467 or 0.00000070 BTC.
  • Aion (AION) traded up 5.7% against the dollar and now trades at $0.0018 or 0.00000003 BTC.
  • 42-coin (42) traded flat against the dollar and now trades at $46,048.19 or 0.66240167 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,123,111 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 Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official message board is medium.com/decred. Decred’s official website 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 currently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

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