Decred (DCR) Tops 1-Day Volume of $1.81 Million

Decred (DCR) traded 1% lower against the dollar during the 1-day period ending at 17:00 PM ET on June 30th. Decred has a market capitalization of $241.52 million and $1.81 million worth of Decred was traded on exchanges in the last day. One Decred coin can now be purchased for about $14.95 or 0.00024178 BTC on major cryptocurrency exchanges. In the last seven days, Decred has traded 0.1% lower against the dollar.

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

• Compound (COMP) traded up 1.9% against the dollar and now trades at $49.01 or 0.00079278 BTC.
• Bitcoiva (BCA) traded 0% higher against the dollar and now trades at $6.62 or 0.00010709 BTC.
• EverGrow Coin (EGC) traded up 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.99 or 0.00001602 BTC.
• Bitcoin Diamond (BCD) traded up 1.7% against the dollar and now trades at $0.0615 or 0.00000100 BTC.
• Navcoin (NAV) traded 0.7% lower against the dollar and now trades at $0.0461 or 0.00000075 BTC.
• WhiteCoin (XWC) traded down 19.7% against the dollar and now trades at $0.0032 or 0.00000005 BTC.
• Aion (AION) traded 0% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.
• ReddCoin (RDD) traded down 87.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,159,012 coins. The official message board for Decred 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.”

Buying and Selling Decred

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

DCR/USD price chart by TradingView