Decred (DCR) Reaches 24 Hour Volume of $1.46 Million

Decred (DCR) traded 0.9% lower against the dollar during the 1 day period ending at 7:00 AM Eastern on January 5th. Decred has a market cap of $270.90 million and approximately $1.46 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be bought for about $16.37 or 0.00016771 BTC on major exchanges. Over the last week, Decred has traded down 4.6% against the dollar.

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

• Compound (COMP) traded 1.8% lower against the dollar and now trades at $82.50 or 0.00084512 BTC.
• Zano (ZANO) traded 1.3% lower against the dollar and now trades at $14.73 or 0.00015072 BTC.
• Bitcoiva (BCA) traded 0.1% lower against the dollar and now trades at $6.53 or 0.00006690 BTC.
• WhiteCoin (XWC) traded down 1.8% against the dollar and now trades at $0.0298 or 0.00000031 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001022 BTC.
• Bitcoin Diamond (BCD) traded up 1.4% against the dollar and now trades at $0.0631 or 0.00000065 BTC.
• Navcoin (NAV) traded down 0.7% against the dollar and now trades at $0.0496 or 0.00000051 BTC.
• ReddCoin (RDD) traded 0.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded down 0.2% against the dollar and now trades at $39,047.41 or 0.39999036 BTC.
• Memetic (MEME) traded down 1.7% against the dollar and now trades at $0.0114 or 0.00000012 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,546,523 coins. The official website for Decred 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 currently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView