Decred Market Capitalization Tops $226.05 Million (DCR)

Decred (DCR) traded 2.6% lower against the dollar during the 1 day period ending at 7:00 AM ET on February 22nd. One Decred coin can currently be bought for $13.58 or 0.00014056 BTC on cryptocurrency exchanges. Decred has a market cap of $226.05 million and $2.39 million worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded down 1.4% against the dollar.

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

• Compound (COMP) traded down 2.9% against the dollar and now trades at $54.47 or 0.00056357 BTC.
• Zano (ZANO) traded up 5.9% against the dollar and now trades at $10.92 or 0.00011307 BTC.
• Bitcoiva (BCA) traded down 2.6% against the dollar and now trades at $4.82 or 0.00004987 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001032 BTC.
• WhiteCoin (XWC) traded 0.7% higher against the dollar and now trades at $0.0169 or 0.00000017 BTC.
• Bitcoin Diamond (BCD) traded 2.1% lower against the dollar and now trades at $0.0469 or 0.00000049 BTC.
• 42-coin (42) traded 103% higher against the dollar and now trades at $204,417.40 or 2.12553475 BTC.
• Navcoin (NAV) traded 2.3% higher against the dollar and now trades at $0.0474 or 0.00000049 BTC.
• ReddCoin (RDD) traded 3.5% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded down 6.7% against the dollar and now trades at $0.0042 or 0.00000004 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 16,639,816 coins. 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. The official website for Decred is decred.org. The official message board for Decred is medium.com/decred.

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 US dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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