Decred (DCR) 24 Hour Volume Reaches $5.79 Million

Decred (DCR) traded down 5.1% against the dollar during the 1-day period ending at 10:00 AM E.T. on January 20th. One Decred coin can now be purchased for about $22.24 or 0.00024574 BTC on cryptocurrency exchanges. Decred has a total market cap of $383.24 million and $5.79 million worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded 12% higher against the dollar.

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

• Bitcoiva (BCA) traded up 4.2% against the dollar and now trades at $16.40 or 0.00018124 BTC.
• Compound (COMP) traded down 2.9% against the dollar and now trades at $24.50 or 0.00027077 BTC.
• Zano (ZANO) traded 5.4% lower against the dollar and now trades at $8.96 or 0.00009859 BTC.
• Bitcoin Diamond (BCD) traded 2.8% lower against the dollar and now trades at $0.0841 or 0.00000093 BTC.
• dForce USD (USX) traded up 1.7% against the dollar and now trades at $0.94 or 0.00001019 BTC.
• WhiteCoin (XWC) traded up 0% against the dollar and now trades at $0.0085 or 0.00000009 BTC.
• Navcoin (NAV) traded 3.4% lower against the dollar and now trades at $0.0418 or 0.00000046 BTC.
• Memetic (MEME) traded up 11.1% against the dollar and now trades at $0.0011 or 0.00000001 BTC.
• 42-coin (42) traded 11.9% higher against the dollar and now trades at $33,645.61 or 0.36902833 BTC.
• ReddCoin (RDD) traded 28.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 17,234,220 coins and its circulating supply is 17,234,047 coins. Decred’s official message board 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. Decred’s official website is decred.org. 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.”

Decred Coin Trading

It is usually not presently 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 Gemini, Changelly or Coinbase. 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