Decred Market Cap Reaches $348.05 Million (DCR)

Decred (DCR) traded up 1.2% against the US dollar during the 24-hour period ending at 23:00 PM E.T. on May 6th. In the last week, Decred has traded 4.6% higher against the US dollar. One Decred coin can currently be bought for about $21.70 or 0.00034086 BTC on exchanges. Decred has a total market cap of $348.05 million and approximately $2.65 million worth of Decred was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Compound (COMP) traded 1.9% lower against the dollar and now trades at $56.61 or 0.00088928 BTC.
• Bitcoiva (BCA) traded down 0.8% against the dollar and now trades at $9.34 or 0.00014677 BTC.
• Safe (SAFE) traded up 0.9% against the dollar and now trades at $2.15 or 0.00003376 BTC.
• EverGrow Coin (EGC) traded 0.1% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 5.8% lower against the dollar and now trades at $0.10 or 0.00000163 BTC.
• dForce USD (USX) traded up 0.2% against the dollar and now trades at $0.98 or 0.00001538 BTC.
• WhiteCoin (XWC) traded 15.4% higher against the dollar and now trades at $0.0054 or 0.00000008 BTC.
• ReddCoin (RDD) traded 14.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 3% lower against the dollar and now trades at $0.0537 or 0.00000084 BTC.
• Aion (AION) traded 0.5% higher against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred 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 16,039,775 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. The official website for Decred 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.”

Buying and Selling Decred

It is usually not possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView