Decred (DCR) Tops 24 Hour Volume of $2.80 Million

Decred (DCR) traded 0.6% lower against the U.S. dollar during the 1-day period ending at 10:00 AM E.T. on April 17th. Over the last seven days, Decred has traded down 21.2% against the U.S. dollar. One Decred coin can now be bought for about $19.61 or 0.00032181 BTC on cryptocurrency exchanges. Decred has a market cap of $313.77 million and approximately $2.80 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded down 2.9% against the dollar and now trades at $50.78 or 0.00083309 BTC.
• Bitcoiva (BCA) traded up 1.2% against the dollar and now trades at $8.04 or 0.00013189 BTC.
• EverGrow Coin (EGC) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 0% lower against the dollar and now trades at $1.99 or 0.00003266 BTC.
• dForce USD (USX) traded 1.5% lower against the dollar and now trades at $0.95 or 0.00001565 BTC.
• Bitcoin Diamond (BCD) traded 5.7% higher against the dollar and now trades at $0.11 or 0.00000175 BTC.
• WhiteCoin (XWC) traded 9% lower against the dollar and now trades at $0.0053 or 0.00000009 BTC.
• ReddCoin (RDD) traded down 21.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 2.3% higher against the dollar and now trades at $0.0633 or 0.00000104 BTC.
• Aion (AION) traded 0% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 15,996,584 coins. Decred’s official Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. The official message board for Decred is medium.com/decred. 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 currently possible to buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView