Decred (DCR) Price Down 6.7% This Week

Decred (DCR) traded up 1.2% against the US dollar during the 1-day period ending at 18:00 PM E.T. on October 27th. Decred has a total market capitalization of $199.08 million and approximately $930,611.04 worth of Decred was traded on exchanges in the last day. Over the last week, Decred has traded 6.7% lower against the US dollar. One Decred coin can currently be bought for about $12.13 or 0.00017785 BTC on cryptocurrency exchanges.

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

• Compound (COMP) traded 2.3% higher against the dollar and now trades at $42.83 or 0.00062784 BTC.
• Bitcoiva (BCA) traded 0.6% higher against the dollar and now trades at $4.38 or 0.00006418 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00001468 BTC.
• Bitcoin Diamond (BCD) traded 2.7% higher against the dollar and now trades at $0.0592 or 0.00000087 BTC.
• WhiteCoin (XWC) traded down 5.9% against the dollar and now trades at $0.0126 or 0.00000018 BTC.
• Navcoin (NAV) traded up 4.6% against the dollar and now trades at $0.0319 or 0.00000047 BTC.
• Memetic (MEME) traded up 2.2% against the dollar and now trades at $0.0138 or 0.00000020 BTC.
• ReddCoin (RDD) traded up 7.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• 42-coin (42) traded 1.6% higher against the dollar and now trades at $25,895.10 or 0.37957493 BTC.
• Aion (AION) traded up 5.7% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

Decred Coin Profile

Decred (DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,407,679 coins. The official website for Decred is decred.org. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. 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.

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 currently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView