Decred (DCR) Achieves Market Cap of $232.20 Million

Decred (DCR) traded 19.3% lower against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on December 20th. Decred has a market cap of $232.20 million and approximately $5.00 million worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded 35.9% lower against the U.S. dollar. One Decred coin can now be bought for approximately $14.06 or 0.00015123 BTC on popular cryptocurrency exchanges.

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

• Compound (COMP) traded down 22.1% against the dollar and now trades at $69.84 or 0.00075120 BTC.
• Zano (ZANO) traded down 14.2% against the dollar and now trades at $10.39 or 0.00011101 BTC.
• Bitcoiva (BCA) traded 13.4% lower against the dollar and now trades at $6.77 or 0.00007277 BTC.
• WhiteCoin (XWC) traded down 3.8% against the dollar and now trades at $0.0299 or 0.00000032 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001070 BTC.
• Bitcoin Diamond (BCD) traded down 11.4% against the dollar and now trades at $0.0601 or 0.00000065 BTC.
• ReddCoin (RDD) traded 37.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 25.9% lower against the dollar and now trades at $0.0155 or 0.00000017 BTC.
• 42-coin (42) traded 9.2% lower against the dollar and now trades at $45,471.65 or 0.48908548 BTC.
• Memetic (MEME) traded down 19.5% against the dollar and now trades at $0.0091 or 0.00000010 BTC.

About Decred

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,514,696 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. 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 purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView