Decred (DCR) Trading Down 2.4% This Week

Decred (DCR) traded down 0.4% against the dollar during the 24 hour period ending at 11:00 AM E.T. on April 27th. Decred has a market cap of $334.93 million and $2.49 million worth of Decred was traded on exchanges in the last day. During the last seven days, Decred has traded down 2.4% against the dollar. One Decred coin can now be bought for about $20.91 or 0.00033149 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Compound (COMP) traded up 2% against the dollar and now trades at $56.82 or 0.00090084 BTC.
• Bitcoiva (BCA) traded 3% higher against the dollar and now trades at $8.44 or 0.00013379 BTC.
• Safe (SAFE) traded 0.1% lower against the dollar and now trades at $2.45 or 0.00003882 BTC.
• EverGrow Coin (EGC) traded down 1.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 5.8% higher against the dollar and now trades at $0.11 or 0.00000173 BTC.
• dForce USD (USX) traded up 0.4% against the dollar and now trades at $0.98 or 0.00001560 BTC.
• ReddCoin (RDD) traded 24.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded up 3.4% against the dollar and now trades at $0.0045 or 0.00000007 BTC.
• Navcoin (NAV) traded down 3.2% against the dollar and now trades at $0.0652 or 0.00000103 BTC.
• Aion (AION) traded down 7.3% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,018,959 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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. 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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView