Decred (DCR) Trading Up 12.4% Over Last Week

Decred (DCR) traded up 0.4% against the U.S. dollar during the one day period ending at 12:00 PM Eastern on May 22nd. Decred has a market cap of $347.12 million and approximately $2.57 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded up 12.4% against the U.S. dollar. One Decred coin can now be bought for about $21.60 or 0.00030604 BTC on popular exchanges.

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

  • Compound (COMP) traded 0.7% lower against the dollar and now trades at $61.66 or 0.00087378 BTC.
  • Bitcoiva (BCA) traded down 2.6% against the dollar and now trades at $8.54 or 0.00012104 BTC.
  • EverGrow Coin (EGC) traded down 0.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • dForce USD (USX) traded 0% lower against the dollar and now trades at $0.98 or 0.00001390 BTC.
  • Bitcoin Diamond (BCD) traded up 2.6% against the dollar and now trades at $0.0814 or 0.00000115 BTC.
  • WhiteCoin (XWC) traded 15% higher against the dollar and now trades at $0.0043 or 0.00000006 BTC.
  • Navcoin (NAV) traded 2.6% higher against the dollar and now trades at $0.0435 or 0.00000062 BTC.
  • ReddCoin (RDD) traded up 2.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Aion (AION) traded up 0% against the dollar and now trades at $0.0017 or 0.00000002 BTC.
  • 42-coin (42) traded 3.7% higher against the dollar and now trades at $47,258.52 or 0.67389016 BTC.

Decred Coin Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,073,827 coins. Decred’s official message board 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. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official website is decred.org.

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 possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

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