Decred (DCR) Achieves Market Capitalization of $332.02 Million

Decred (DCR) traded 2.8% higher against the US dollar during the 24 hour period ending at 20:00 PM E.T. on May 25th. Decred has a total market capitalization of $332.02 million and $1.82 million worth of Decred was traded on exchanges in the last 24 hours. Over the last week, Decred has traded down 0.9% against the US dollar. One Decred coin can currently be purchased for approximately $20.65 or 0.00029808 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded up 5.5% against the dollar and now trades at $63.71 or 0.00091984 BTC.
• Bitcoiva (BCA) traded down 1.4% against the dollar and now trades at $8.46 or 0.00012220 BTC.
• EverGrow Coin (EGC) traded 0.6% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0.1% higher against the dollar and now trades at $0.98 or 0.00001412 BTC.
• Bitcoin Diamond (BCD) traded down 6.2% against the dollar and now trades at $0.0760 or 0.00000110 BTC.
• WhiteCoin (XWC) traded 0.9% higher against the dollar and now trades at $0.0043 or 0.00000006 BTC.
• Navcoin (NAV) traded 0.3% higher against the dollar and now trades at $0.0471 or 0.00000068 BTC.
• ReddCoin (RDD) traded up 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded 9% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.
• 42-coin (42) traded flat against the dollar and now trades at $47,298.28 or 0.70084150 BTC.

Decred Coin 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 16,081,104 coins. 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. Decred’s official message board is medium.com/decred. Decred’s official website is decred.org.

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.”

Decred Coin Trading

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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