Decred Trading Down 7.9% Over Last Week (DCR)

Decred (DCR) traded up 1.3% against the US dollar during the 24 hour period ending at 12:00 PM E.T. on January 12th. Decred has a market cap of $276.59 million and approximately $5.08 million worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded down 7.9% against the US dollar. One Decred coin can now be purchased for about $16.06 or 0.00017473 BTC on popular exchanges.

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

• Bitcoiva (BCA) traded 1.6% lower against the dollar and now trades at $17.30 or 0.00018826 BTC.
• Compound (COMP) traded down 1.2% against the dollar and now trades at $26.27 or 0.00028581 BTC.
• Zano (ZANO) traded down 1.4% against the dollar and now trades at $9.43 or 0.00010245 BTC.
• Bitcoin Diamond (BCD) traded up 1% against the dollar and now trades at $0.15 or 0.00000162 BTC.
• WhiteCoin (XWC) traded 0.1% lower against the dollar and now trades at $0.0085 or 0.00000009 BTC.
• Navcoin (NAV) traded down 1.7% against the dollar and now trades at $0.0483 or 0.00000053 BTC.
• Memetic (MEME) traded down 2.8% against the dollar and now trades at $0.0011 or 0.00000001 BTC.
• ReddCoin (RDD) traded up 7.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded 0.9% higher against the dollar and now trades at $29,370.05 or 0.31899443 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 17,221,230 coins and its circulating supply is 17,220,974 coins. Decred’s official website 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. 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 presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView