Decred Price Hits $15.77 on Exchanges (DCR)

Decred (DCR) traded down 2.5% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on November 26th. In the last seven days, Decred has traded 12.2% higher against the U.S. dollar. One Decred coin can now be purchased for approximately $15.77 or 0.00016930 BTC on exchanges. Decred has a market capitalization of $259.65 million and approximately $2.74 million worth of Decred was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Compound (COMP) traded 9.6% lower against the dollar and now trades at $63.16 or 0.00067821 BTC.
• Bitcoiva (BCA) traded down 6.1% against the dollar and now trades at $8.02 or 0.00008612 BTC.
• Zano (ZANO) traded 6.6% higher against the dollar and now trades at $6.96 or 0.00007458 BTC.
• WhiteCoin (XWC) traded down 33.7% against the dollar and now trades at $0.0393 or 0.00000042 BTC.
• Bitcoin Diamond (BCD) traded 3.8% higher against the dollar and now trades at $0.0836 or 0.00000090 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00001065 BTC.
• Navcoin (NAV) traded 1.5% higher against the dollar and now trades at $0.0273 or 0.00000029 BTC.
• ReddCoin (RDD) traded down 83.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 11.5% against the dollar and now trades at $0.0131 or 0.00000014 BTC.
• 42-coin (42) traded down 3.1% against the dollar and now trades at $37,235.13 or 0.39981632 BTC.

About Decred

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 16,467,345 coins. Decred’s official message board is medium.com/decred. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed 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 purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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