Decred (DCR) Price Tops $24.13 on Exchanges

Decred (DCR) traded up 4.8% against the US dollar during the one day period ending at 8:00 AM ET on April 24th. One Decred coin can now be purchased for about $24.13 or 0.00036213 BTC on cryptocurrency exchanges. Over the last seven days, Decred has traded up 18.1% against the US dollar. Decred has a market capitalization of $386.30 million and $3.68 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 2.3% higher against the dollar and now trades at $60.57 or 0.00090912 BTC.
• Bitcoiva (BCA) traded 1.4% higher against the dollar and now trades at $8.85 or 0.00013285 BTC.
• EverGrow Coin (EGC) traded up 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 7.5% higher against the dollar and now trades at $2.14 or 0.00003212 BTC.
• Bitcoin Diamond (BCD) traded 0.1% lower against the dollar and now trades at $0.10 or 0.00000156 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.98 or 0.00001478 BTC.
• ReddCoin (RDD) traded up 32.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded down 0.1% against the dollar and now trades at $0.0049 or 0.00000007 BTC.
• Navcoin (NAV) traded down 5.1% against the dollar and now trades at $0.0689 or 0.00000103 BTC.
• Aion (AION) traded down 14.2% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

Decred Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,011,815 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org. The official message board for Decred 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.”

Buying and Selling Decred

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