Decred (DCR) Price Down 5.1% Over Last 7 Days

Decred (DCR) traded up 1.6% against the US dollar during the twenty-four hour period ending at 10:00 AM E.T. on July 27th. Decred has a market cap of $203.83 million and approximately $961,971.57 worth of Decred was traded on exchanges in the last 24 hours. In the last week, Decred has traded 5.1% lower against the US dollar. One Decred coin can currently be purchased for approximately $12.57 or 0.00018187 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded 1.4% higher against the dollar and now trades at $52.28 or 0.00075645 BTC.
• Bitcoiva (BCA) traded up 2.3% against the dollar and now trades at $6.29 or 0.00009102 BTC.
• EverGrow Coin (EGC) traded 0% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001464 BTC.
• Bitcoin Diamond (BCD) traded 4.6% higher against the dollar and now trades at $0.0655 or 0.00000095 BTC.
• WhiteCoin (XWC) traded down 3.9% against the dollar and now trades at $0.0039 or 0.00000006 BTC.
• Navcoin (NAV) traded 1% higher against the dollar and now trades at $0.0467 or 0.00000068 BTC.
• ReddCoin (RDD) traded 0.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 3.3% higher against the dollar and now trades at $0.0159 or 0.00000023 BTC.
• 42-coin (42) traded 1.3% higher against the dollar and now trades at $30,236.69 or 0.43749566 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,216,302 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 website is decred.org. Decred’s official message board is medium.com/decred.

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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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