Decred (DCR) Trading Down 5.6% This Week

Decred (DCR) traded down 11.7% against the dollar during the 1-day period ending at 8:00 AM ET on April 7th. During the last week, Decred has traded 5.6% lower against the dollar. Decred has a total market cap of $175.74 million and $5.23 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be purchased for about $10.51 or 0.00013587 BTC on popular exchanges.

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

• Compound (COMP) traded 10.2% lower against the dollar and now trades at $39.54 or 0.00051126 BTC.
• Zano (ZANO) traded down 4.8% against the dollar and now trades at $5.48 or 0.00007165 BTC.
• Bitcoiva (BCA) traded 8% lower against the dollar and now trades at $4.46 or 0.00005761 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $0.99 or 0.00001319 BTC.
• 42-coin (42) traded 6.6% lower against the dollar and now trades at $232,192.44 or 3.00218049 BTC.
• WhiteCoin (XWC) traded down 13.6% against the dollar and now trades at $0.0119 or 0.00000015 BTC.
• Bitcoin Diamond (BCD) traded 5.5% lower against the dollar and now trades at $0.0273 or 0.00000035 BTC.
• Navcoin (NAV) traded 2.9% lower against the dollar and now trades at $0.0254 or 0.00000033 BTC.
• PotCoin (POT) traded 10.6% higher against the dollar and now trades at $0.0045 or 0.00000006 BTC.
• Memetic (MEME) traded down 1.8% against the dollar and now trades at $0.0016 or 0.00000002 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 16,724,140 coins. The official message board for Decred is medium.com/decred. The official website for Decred is decred.org. 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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView