Decred Tops 24 Hour Volume of $1.84 Million (DCR)

Decred (DCR) traded up 0.4% against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on November 30th. One Decred coin can now be bought for $16.64 or 0.00017215 BTC on cryptocurrency exchanges. In the last week, Decred has traded up 9.6% against the U.S. dollar. Decred has a market capitalization of $274.22 million and approximately $1.84 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded 1.5% higher against the dollar and now trades at $72.19 or 0.00074666 BTC.
• Bitcoiva (BCA) traded 3% higher against the dollar and now trades at $8.60 or 0.00008891 BTC.
• Zano (ZANO) traded 0.8% lower against the dollar and now trades at $7.12 or 0.00007368 BTC.
• WhiteCoin (XWC) traded 2.4% higher against the dollar and now trades at $0.0421 or 0.00000044 BTC.
• Bitcoin Diamond (BCD) traded 2.4% higher against the dollar and now trades at $0.0848 or 0.00000088 BTC.
• dForce USD (USX) traded 0.1% lower against the dollar and now trades at $0.99 or 0.00001028 BTC.
• ReddCoin (RDD) traded down 81.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 2.4% against the dollar and now trades at $0.0295 or 0.00000031 BTC.
• 42-coin (42) traded 1.5% lower against the dollar and now trades at $38,672.66 or 0.39998050 BTC.
• Memetic (MEME) traded up 2.6% against the dollar and now trades at $0.0157 or 0.00000016 BTC.

Decred Profile

Decred (CRYPTO:DCR) is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,475,179 coins. Decred’s official message board is medium.com/decred. The official website for Decred is decred.org. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official Twitter account is @decredproject and its Facebook page is accessible 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 trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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