Decred Price Hits $12.62 on Exchanges (DCR)

Decred (DCR) traded down 1% against the dollar during the one day period ending at 21:00 PM ET on October 30th. Over the last seven days, Decred has traded up 1.1% against the dollar. Decred has a market cap of $207.15 million and $795,875.49 worth of Decred was traded on exchanges in the last day. One Decred coin can currently be purchased for about $12.62 or 0.00017505 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Compound (COMP) traded 0.7% higher against the dollar and now trades at $45.02 or 0.00062440 BTC.
• Bitcoiva (BCA) traded 0% lower against the dollar and now trades at $4.52 or 0.00006272 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001373 BTC.
• ReddCoin (RDD) traded up 715.4% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Bitcoin Diamond (BCD) traded 2.8% higher against the dollar and now trades at $0.0591 or 0.00000082 BTC.
• WhiteCoin (XWC) traded 0.4% higher against the dollar and now trades at $0.0123 or 0.00000017 BTC.
• Navcoin (NAV) traded down 2.6% against the dollar and now trades at $0.0308 or 0.00000043 BTC.
• Memetic (MEME) traded 2.3% higher against the dollar and now trades at $0.0136 or 0.00000019 BTC.
• 42-coin (42) traded 0% lower against the dollar and now trades at $27,463.12 or 0.38093664 BTC.
• Aion (AION) traded 0.7% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,414,011 coins. Decred’s official website 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. The official message board for Decred is medium.com/decred.

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView