Decred Market Capitalization Tops $240.79 Million (DCR)

Decred (DCR) traded up 0.7% against the dollar during the 1-day period ending at 15:00 PM E.T. on November 20th. In the last seven days, Decred has traded 4% higher against the dollar. One Decred coin can currently be bought for $15.38 or 0.00040984 BTC on major exchanges. Decred has a market capitalization of $240.79 million and approximately $1.33 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 0.7% lower against the dollar and now trades at $51.72 or 0.00137800 BTC.
• Bitcoiva (BCA) traded 1.6% higher against the dollar and now trades at $9.45 or 0.00025166 BTC.
• Safe (SAFE) traded up 0% against the dollar and now trades at $3.00 or 0.00008005 BTC.
• WhiteCoin (XWC) traded down 30.8% against the dollar and now trades at $0.0450 or 0.00000120 BTC.
• BlueArk (BRK) traded flat against the dollar and now trades at $0.0010 or 0.00000004 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00002677 BTC.
• EverGrow Coin (EGC) traded 6.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 17.5% higher against the dollar and now trades at $0.0784 or 0.00000209 BTC.
• Secret (SIE) traded 4.4% higher against the dollar and now trades at $0.0029 or 0.00000008 BTC.
• Navcoin (NAV) traded up 9.3% against the dollar and now trades at $0.0420 or 0.00000112 BTC.

Decred Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 15,652,698 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 Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. Decred’s official message board 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 acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView