Decred (DCR) Trading 17.4% Lower This Week

Decred (DCR) traded 2.7% lower against the U.S. dollar during the one day period ending at 9:00 AM Eastern on May 14th. One Decred coin can now be bought for about $17.89 or 0.00029035 BTC on popular exchanges. Over the last seven days, Decred has traded 17.4% lower against the U.S. dollar. Decred has a total market cap of $287.25 million and approximately $1.88 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Compound (COMP) traded 3.6% lower against the dollar and now trades at $53.62 or 0.00087024 BTC.
  • Bitcoiva (BCA) traded down 3.4% against the dollar and now trades at $8.35 or 0.00013543 BTC.
  • EverGrow Coin (EGC) traded 2.9% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • dForce USD (USX) traded down 0.7% against the dollar and now trades at $0.98 or 0.00001584 BTC.
  • Bitcoin Diamond (BCD) traded down 7.8% against the dollar and now trades at $0.0773 or 0.00000126 BTC.
  • WhiteCoin (XWC) traded 3.3% higher against the dollar and now trades at $0.0050 or 0.00000008 BTC.
  • ReddCoin (RDD) traded up 4.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Navcoin (NAV) traded 0.4% lower against the dollar and now trades at $0.0537 or 0.00000087 BTC.
  • Aion (AION) traded down 0% against the dollar and now trades at $0.0019 or 0.00000003 BTC.
  • 42-coin (42) traded flat against the dollar and now trades at $42,788.74 or 0.70090030 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its genesis date was February 8th, 2016. Decred’s total supply is 16,055,798 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. 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.”

Decred Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

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