Decred (DCR) Market Capitalization Reaches $183.05 Million

Decred (DCR) traded down 3.2% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on November 3rd. During the last seven days, Decred has traded down 7.4% against the U.S. dollar. Decred has a total market capitalization of $183.05 million and approximately $904,591.07 worth of Decred was traded on exchanges in the last day. One Decred coin can currently be bought for approximately $11.15 or 0.00016177 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded down 0% against the dollar and now trades at $41.08 or 0.00059619 BTC.
• Zano (ZANO) traded down 2.6% against the dollar and now trades at $7.04 or 0.00010216 BTC.
• Bitcoiva (BCA) traded down 3.2% against the dollar and now trades at $3.97 or 0.00005764 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001442 BTC.
• WhiteCoin (XWC) traded up 6% against the dollar and now trades at $0.0138 or 0.00000020 BTC.
• Bitcoin Diamond (BCD) traded down 4.8% against the dollar and now trades at $0.0543 or 0.00000079 BTC.
• Navcoin (NAV) traded down 2.3% against the dollar and now trades at $0.0283 or 0.00000041 BTC.
• ReddCoin (RDD) traded 0.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 5.4% lower against the dollar and now trades at $0.0106 or 0.00000015 BTC.
• 42-coin (42) traded 0.4% lower against the dollar and now trades at $26,177.63 or 0.37994375 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,422,965 coins. Decred’s official website 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.”

Decred Coin Trading

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