Decred Trading 5.6% Lower Over Last 7 Days (DCR)

Decred (DCR) traded down 11.7% against the dollar during the 1-day period ending at 8:00 AM Eastern on April 7th. Decred has a total market capitalization of $175.74 million and $5.23 million worth of Decred was traded on exchanges in the last day. During the last week, Decred has traded down 5.6% against the dollar. One Decred coin can currently be purchased for approximately $10.51 or 0.00013587 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Compound (COMP) traded 10.2% lower against the dollar and now trades at $39.54 or 0.00051126 BTC.
• Zano (ZANO) traded down 4.8% against the dollar and now trades at $5.48 or 0.00007165 BTC.
• Bitcoiva (BCA) traded 8% lower against the dollar and now trades at $4.46 or 0.00005761 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $0.99 or 0.00001319 BTC.
• 42-coin (42) traded 6.6% lower against the dollar and now trades at $232,192.44 or 3.00218049 BTC.
• WhiteCoin (XWC) traded down 13.6% against the dollar and now trades at $0.0119 or 0.00000015 BTC.
• Bitcoin Diamond (BCD) traded down 5.5% against the dollar and now trades at $0.0273 or 0.00000035 BTC.
• Navcoin (NAV) traded 2.9% lower against the dollar and now trades at $0.0254 or 0.00000033 BTC.
• PotCoin (POT) traded up 10.6% against the dollar and now trades at $0.0045 or 0.00000006 BTC.
• Memetic (MEME) traded 1.8% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

Decred 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 16,724,140 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. Decred’s official website is decred.org. Decred’s official message board 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.”

Decred Coin Trading

It is usually not currently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView