Decred (DCR) Market Cap Tops $163.57 Million

Decred (DCR) traded up 2.1% against the US dollar during the 1 day period ending at 19:00 PM ET on August 6th. One Decred coin can now be purchased for approximately $10.07 or 0.00017904 BTC on cryptocurrency exchanges. Decred has a total market cap of $163.57 million and $1.79 million worth of Decred was traded on exchanges in the last 24 hours. During the last week, Decred has traded 24.7% lower against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded up 4.3% against the dollar and now trades at $39.77 or 0.00070690 BTC.
• Bitcoiva (BCA) traded up 5.5% against the dollar and now trades at $4.96 or 0.00008815 BTC.
• EverGrow Coin (EGC) traded 5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001775 BTC.
• Bitcoin Diamond (BCD) traded 1.3% higher against the dollar and now trades at $0.0651 or 0.00000116 BTC.
• WhiteCoin (XWC) traded 4.9% higher against the dollar and now trades at $0.0058 or 0.00000010 BTC.
• Navcoin (NAV) traded 3.8% higher against the dollar and now trades at $0.0419 or 0.00000074 BTC.
• Memetic (MEME) traded up 12% against the dollar and now trades at $0.0103 or 0.00000018 BTC.
• ReddCoin (RDD) traded down 7.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded 2.8% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,237,904 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. 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.”

Decred Coin Trading

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 Coinbase, Changelly or GDAX. 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