Decred (DCR) Reaches 24 Hour Volume of $996,238.78

Decred (DCR) traded 3.3% lower against the dollar during the one day period ending at 16:00 PM ET on October 23rd. One Decred coin can now be purchased for approximately $12.50 or 0.00018882 BTC on major cryptocurrency exchanges. Decred has a market capitalization of $205.06 million and approximately $996,238.78 worth of Decred was traded on exchanges in the last day. In the last seven days, Decred has traded down 1.3% against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Compound (COMP) traded 3.3% lower against the dollar and now trades at $43.28 or 0.00065353 BTC.
• Bitcoiva (BCA) traded down 5% against the dollar and now trades at $4.67 or 0.00007047 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001513 BTC.
• WhiteCoin (XWC) traded 0% higher against the dollar and now trades at $0.0163 or 0.00000025 BTC.
• Bitcoin Diamond (BCD) traded up 0% against the dollar and now trades at $0.0624 or 0.00000094 BTC.
• Navcoin (NAV) traded up 2.8% against the dollar and now trades at $0.0311 or 0.00000047 BTC.
• Memetic (MEME) traded 4% lower against the dollar and now trades at $0.0122 or 0.00000019 BTC.
• ReddCoin (RDD) traded 70.8% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 1.8% against the dollar and now trades at $25,166.77 or 0.38000618 BTC.
• DeepOnion (ONION) traded 1.8% lower against the dollar and now trades at $0.0530 or 0.00000080 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,399,007 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 website is decred.org. Decred’s official message board is medium.com/decred. 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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView