Decred (DCR) Hits Market Capitalization of $336.11 Million

Decred (DCR) traded down 0.9% against the dollar during the 1-day period ending at 16:00 PM ET on April 27th. Decred has a total market cap of $336.11 million and $2.22 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be purchased for about $20.98 or 0.00033140 BTC on popular exchanges. During the last week, Decred has traded 7.4% lower against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded 1.5% higher against the dollar and now trades at $57.33 or 0.00090559 BTC.
• Bitcoiva (BCA) traded up 3.2% against the dollar and now trades at $8.45 or 0.00013345 BTC.
• Safe (SAFE) traded 0.1% lower against the dollar and now trades at $2.45 or 0.00003867 BTC.
• EverGrow Coin (EGC) traded down 1.5% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 5.1% higher against the dollar and now trades at $0.11 or 0.00000170 BTC.
• dForce USD (USX) traded up 0.5% against the dollar and now trades at $0.99 or 0.00001557 BTC.
• ReddCoin (RDD) traded 0.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded 7.3% higher against the dollar and now trades at $0.0047 or 0.00000007 BTC.
• Navcoin (NAV) traded 1.2% higher against the dollar and now trades at $0.0656 or 0.00000104 BTC.
• Aion (AION) traded down 3% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,019,556 coins. The official message board for Decred is medium.com/decred. The official website for Decred is decred.org. 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 possible to purchase alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView