Decred Hits 1-Day Volume of $1.52 Million (DCR)

Decred (DCR) traded 1.5% higher against the U.S. dollar during the 1-day period ending at 14:00 PM Eastern on August 17th. Decred has a total market capitalization of $161.08 million and $1.52 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be bought for approximately $9.91 or 0.00016684 BTC on major cryptocurrency exchanges. During the last seven days, Decred has traded 2% lower against the U.S. dollar.

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

• Compound (COMP) traded down 2.3% against the dollar and now trades at $41.32 or 0.00069593 BTC.
• Bitcoiva (BCA) traded down 0.2% against the dollar and now trades at $4.60 or 0.00007753 BTC.
• EverGrow Coin (EGC) traded up 3.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001678 BTC.
• Bitcoin Diamond (BCD) traded down 3.4% against the dollar and now trades at $0.0676 or 0.00000114 BTC.
• WhiteCoin (XWC) traded down 4.1% against the dollar and now trades at $0.0059 or 0.00000010 BTC.
• ReddCoin (RDD) traded up 7.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 11.2% higher against the dollar and now trades at $0.0409 or 0.00000069 BTC.
• Memetic (MEME) traded up 0% against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• Aion (AION) traded 3.4% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,260,002 coins. Decred’s official website 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. Decred’s official Twitter account is @decredproject and its Facebook page is accessible 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 US dollars. Investors seeking to trade Decred should first purchase 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 purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView