Decred (DCR) One Day Trading Volume Tops $1.44 Million

Decred (DCR) traded 3.2% higher against the US dollar during the 1-day period ending at 16:00 PM ET on September 7th. Decred has a total market capitalization of $182.46 million and approximately $1.44 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded up 5.8% against the US dollar. One Decred coin can now be bought for approximately $11.19 or 0.00020566 BTC on popular exchanges.

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

• Compound (COMP) traded up 1.7% against the dollar and now trades at $41.22 or 0.00075742 BTC.
• Bitcoiva (BCA) traded down 3.2% against the dollar and now trades at $3.72 or 0.00006841 BTC.
• EverGrow Coin (EGC) traded up 9.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $1.00 or 0.00001835 BTC.
• Bitcoin Diamond (BCD) traded 1.5% lower against the dollar and now trades at $0.0677 or 0.00000124 BTC.
• WhiteCoin (XWC) traded up 8.4% against the dollar and now trades at $0.0056 or 0.00000010 BTC.
• Navcoin (NAV) traded 1.6% lower against the dollar and now trades at $0.0360 or 0.00000066 BTC.
• ReddCoin (RDD) traded down 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 3.6% higher against the dollar and now trades at $0.0089 or 0.00000016 BTC.
• Aion (AION) traded 0.1% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,304,180 coins. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official message board 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.

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 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 Coinbase, Changelly or GDAX. 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