Decred (DCR) Price Down 24.7% This Week

Decred (DCR) traded 2.1% higher against the U.S. dollar during the 1 day period ending at 19:00 PM E.T. on August 6th. One Decred coin can currently be purchased for $10.07 or 0.00017904 BTC on major exchanges. Over the last week, Decred has traded down 24.7% against the U.S. dollar. Decred has a market cap of $163.57 million and approximately $1.79 million worth of Decred was traded on exchanges in the last 24 hours.

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

• Compound (COMP) traded 4.3% higher against the dollar and now trades at $39.77 or 0.00070690 BTC.
• Bitcoiva (BCA) traded 5.5% higher against the dollar and now trades at $4.96 or 0.00008815 BTC.
• EverGrow Coin (EGC) traded 5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001775 BTC.
• Bitcoin Diamond (BCD) traded up 1.3% against the dollar and now trades at $0.0651 or 0.00000116 BTC.
• WhiteCoin (XWC) traded 4.9% higher against the dollar and now trades at $0.0058 or 0.00000010 BTC.
• Navcoin (NAV) traded up 3.8% against the dollar and now trades at $0.0419 or 0.00000074 BTC.
• Memetic (MEME) traded 12% higher against the dollar and now trades at $0.0103 or 0.00000018 BTC.
• ReddCoin (RDD) traded 7.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded 2.8% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,237,904 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 Twitter account is @decredproject and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView