Decred Tops 24 Hour Volume of $1.58 Million (DCR)

Decred (DCR) traded 1.5% lower against the dollar during the one day period ending at 14:00 PM Eastern on August 25th. One Decred coin can currently be bought for $11.74 or 0.00018303 BTC on major cryptocurrency exchanges. In the last seven days, Decred has traded up 14.7% against the dollar. Decred has a market cap of $191.04 million and approximately $1.58 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Compound (COMP) traded 2.8% lower against the dollar and now trades at $51.82 or 0.00080816 BTC.
• Bitcoiva (BCA) traded down 2% against the dollar and now trades at $5.13 or 0.00007995 BTC.
• EverGrow Coin (EGC) traded down 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00001558 BTC.
• Bitcoin Diamond (BCD) traded down 1.9% against the dollar and now trades at $0.0691 or 0.00000108 BTC.
• WhiteCoin (XWC) traded down 0.9% against the dollar and now trades at $0.0066 or 0.00000010 BTC.
• Navcoin (NAV) traded 3.1% lower against the dollar and now trades at $0.0413 or 0.00000064 BTC.
• ReddCoin (RDD) traded 3.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 6% lower against the dollar and now trades at $0.0125 or 0.00000019 BTC.
• Aion (AION) traded down 0.5% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About Decred

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,276,849 coins. The official message board for Decred is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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 U.S. dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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