Decentralized Social (DESO) Trading 56% Lower Over Last 7 Days

Decentralized Social (DESO) traded 9.8% lower against the dollar during the twenty-four hour period ending at 20:00 PM ET on August 5th. Decentralized Social has a market cap of $71.53 million and $1.98 million worth of Decentralized Social was traded on exchanges in the last 24 hours. One Decentralized Social coin can currently be bought for approximately $6.79 or 0.00012578 BTC on major cryptocurrency exchanges. During the last week, Decentralized Social has traded 56% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 4.3% lower against the dollar and now trades at $0.0118 or 0.00000022 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 18.6% against the dollar and now trades at $0.0627 or 0.00000114 BTC.

Decentralized Social Coin Profile

Decentralized Social’s launch date was March 1st, 2021. Decentralized Social’s total supply is 10,808,492 coins and its circulating supply is 10,532,253 coins. Decentralized Social’s official message board is diamondapp.com/u/deso?. Decentralized Social’s official Twitter account is @desoprotocol. Decentralized Social’s official website is deso.com. The Reddit community for Decentralized Social is https://reddit.com/r/deso and the currency’s Github account can be viewed here.

According to CryptoCompare, “Decentralized Social (DESO) is a blockchain-based platform intended for the creation and operation of decentralised social media applications. It addresses issues linked with centralised platforms, such as data privacy, content censorship, and monetisation. Users retain control over their data, enhancing privacy and reducing exploitation risks. Content creators can monetise their work through mechanisms like NFTs, tips, and subscriptions, bypassing intermediaries. By decentralising content storage and distribution, DESO seeks to lessen censorship and support free expression. Additionally, DESO is designed to manage high volumes of transactions and data, making it appropriate for high-traffic social applications. Nader Al-Naji founded DESO, which combines the open financial system features of cryptocurrencies with a scalable database infrastructure​.”

Buying and Selling Decentralized Social

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

DESO/USD price chart by TradingView