Decred (DCR) One Day Trading Volume Hits $497,556.28

Decred (DCR) traded down 6.1% against the US dollar during the 24-hour period ending at 17:00 PM E.T. on October 31st. One Decred coin can now be purchased for approximately $12.04 or 0.00017177 BTC on cryptocurrency exchanges. Decred has a total market capitalization of $197.66 million and $497,556.28 worth of Decred was traded on exchanges in the last day. During the last seven days, Decred has traded 4.5% lower against the US dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Compound (COMP) traded down 4.2% against the dollar and now trades at $42.70 or 0.00060911 BTC.
• Bitcoiva (BCA) traded down 1.5% against the dollar and now trades at $4.45 or 0.00006350 BTC.
• ReddCoin (RDD) traded 963.5% higher against the dollar and now trades at $0.0005 or 0.00000001 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001420 BTC.
• Bitcoin Diamond (BCD) traded 2.1% lower against the dollar and now trades at $0.0589 or 0.00000084 BTC.
• WhiteCoin (XWC) traded 0.8% higher against the dollar and now trades at $0.0118 or 0.00000017 BTC.
• Navcoin (NAV) traded down 0.5% against the dollar and now trades at $0.0307 or 0.00000044 BTC.
• Memetic (MEME) traded 8.9% lower against the dollar and now trades at $0.0124 or 0.00000018 BTC.
• 42-coin (42) traded 2.9% lower against the dollar and now trades at $26,632.66 or 0.37991768 BTC.
• Aion (AION) traded up 5.7% against the dollar and now trades at $0.0014 or 0.00000002 BTC.

About Decred

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,415,649 coins. The official website for Decred is decred.org. 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 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 presently possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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