Decred Trading Up 17.9% Over Last Week (DCR)

Decred (DCR) traded up 2.7% against the dollar during the twenty-four hour period ending at 23:00 PM Eastern on August 22nd. One Decred coin can now be purchased for approximately $11.39 or 0.00018783 BTC on major exchanges. Decred has a market capitalization of $185.41 million and $1.83 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded 17.9% higher against the dollar.

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

• Compound (COMP) traded 1.3% higher against the dollar and now trades at $50.33 or 0.00082963 BTC.
• Bitcoiva (BCA) traded 1.4% lower against the dollar and now trades at $4.69 or 0.00007728 BTC.
• EverGrow Coin (EGC) traded 2.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001647 BTC.
• Bitcoin Diamond (BCD) traded up 0.2% against the dollar and now trades at $0.0680 or 0.00000112 BTC.
• WhiteCoin (XWC) traded up 5% against the dollar and now trades at $0.0065 or 0.00000011 BTC.
• Navcoin (NAV) traded 0% higher against the dollar and now trades at $0.0408 or 0.00000067 BTC.
• Memetic (MEME) traded 0% lower against the dollar and now trades at $0.0110 or 0.00000018 BTC.
• ReddCoin (RDD) traded 87% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Aion (AION) traded down 2.7% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Coin 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 16,271,438 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. The official website for Decred 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 U.S. dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView