Decred Market Capitalization Achieves $210.12 Million (DCR)

Decred (DCR) traded down 0.8% against the US dollar during the 1 day period ending at 9:00 AM Eastern on October 15th. One Decred coin can now be bought for about $12.83 or 0.00019486 BTC on popular exchanges. During the last week, Decred has traded up 5.2% against the US dollar. Decred has a total market cap of $210.12 million and $1.09 million worth of Decred was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Compound (COMP) traded 1% lower against the dollar and now trades at $44.77 or 0.00068015 BTC.
• Bitcoiva (BCA) traded 2.8% higher against the dollar and now trades at $4.49 or 0.00006823 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001515 BTC.
• ReddCoin (RDD) traded up 748.9% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Bitcoin Diamond (BCD) traded down 2.5% against the dollar and now trades at $0.0617 or 0.00000094 BTC.
• WhiteCoin (XWC) traded down 50.1% against the dollar and now trades at $0.0085 or 0.00000013 BTC.
• Navcoin (NAV) traded down 2.6% against the dollar and now trades at $0.0300 or 0.00000046 BTC.
• Memetic (MEME) traded up 18.7% against the dollar and now trades at $0.0140 or 0.00000021 BTC.
• 42-coin (42) traded 1.3% higher against the dollar and now trades at $26,278.81 or 0.39922192 BTC.
• Aion (AION) traded 5.8% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,381,726 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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. 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.”

Buying and Selling Decred

It is usually not possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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