Decred (DCR) Market Capitalization Achieves $202.06 Million

Decred (DCR) traded 1.2% higher against the US dollar during the one day period ending at 8:00 AM ET on March 6th. One Decred coin can currently be purchased for approximately $12.13 or 0.00013470 BTC on popular cryptocurrency exchanges. Over the last seven days, Decred has traded down 2.9% against the US dollar. Decred has a market cap of $202.06 million and $2.14 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 0.7% lower against the dollar and now trades at $50.91 or 0.00056561 BTC.
• Zano (ZANO) traded 6.3% lower against the dollar and now trades at $7.17 or 0.00007904 BTC.
• Bitcoiva (BCA) traded up 4.4% against the dollar and now trades at $4.37 or 0.00004816 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001095 BTC.
• WhiteCoin (XWC) traded 0.1% higher against the dollar and now trades at $0.0161 or 0.00000018 BTC.
• 42-coin (42) traded 0.4% lower against the dollar and now trades at $191,629.33 or 2.12880294 BTC.
• Bitcoin Diamond (BCD) traded up 6.5% against the dollar and now trades at $0.0412 or 0.00000046 BTC.
• ReddCoin (RDD) traded up 37% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.3% higher against the dollar and now trades at $0.0352 or 0.00000039 BTC.
• Memetic (MEME) traded 0% lower against the dollar and now trades at $0.0031 or 0.00000003 BTC.

About Decred

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 16,663,375 coins. Decred’s official message board is medium.com/decred. 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.

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 acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView