Decred (DCR) Price Hits $12.65 on Top Exchanges

Decred (DCR) traded 4.6% higher against the US dollar during the 24 hour period ending at 7:00 AM Eastern on February 26th. One Decred coin can currently be bought for $12.65 or 0.00014267 BTC on cryptocurrency exchanges. Over the last week, Decred has traded down 6.3% against the US dollar. Decred has a market cap of $210.56 million and approximately $2.89 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded up 4.4% against the dollar and now trades at $52.27 or 0.00058961 BTC.
• Zano (ZANO) traded 3.8% lower against the dollar and now trades at $9.12 or 0.00010238 BTC.
• Bitcoiva (BCA) traded 0.4% higher against the dollar and now trades at $4.20 or 0.00004732 BTC.
• dForce USD (USX) traded 0% higher against the dollar and now trades at $1.00 or 0.00001120 BTC.
• WhiteCoin (XWC) traded up 5.7% against the dollar and now trades at $0.0177 or 0.00000020 BTC.
• Bitcoin Diamond (BCD) traded 8.1% higher against the dollar and now trades at $0.0419 or 0.00000047 BTC.
• 42-coin (42) traded 16.4% lower against the dollar and now trades at $165,059.73 or 1.86279438 BTC.
• Navcoin (NAV) traded down 1.4% against the dollar and now trades at $0.0454 or 0.00000051 BTC.
• ReddCoin (RDD) traded 22.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 0.1% lower against the dollar and now trades at $0.0037 or 0.00000004 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 16,647,515 coins. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. The official website for Decred 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 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 Coinbase, GDAX or Gemini. 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