Decred (DCR) 24-Hour Trading Volume Reaches $1.89 Million

Decred (DCR) traded 1.6% higher against the US dollar during the 24-hour period ending at 22:00 PM E.T. on April 29th. Decred has a market cap of $334.55 million and approximately $1.89 million worth of Decred was traded on exchanges in the last day. In the last week, Decred has traded 9.8% lower against the US dollar. One Decred coin can now be bought for $20.88 or 0.00032577 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Compound (COMP) traded 0.7% lower against the dollar and now trades at $56.03 or 0.00087421 BTC.
• Bitcoiva (BCA) traded down 2.5% against the dollar and now trades at $8.23 or 0.00012848 BTC.
• Safe (SAFE) traded up 0% against the dollar and now trades at $2.60 or 0.00004056 BTC.
• EverGrow Coin (EGC) traded up 0.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded 5% lower against the dollar and now trades at $0.11 or 0.00000165 BTC.
• dForce USD (USX) traded down 0% against the dollar and now trades at $0.98 or 0.00001532 BTC.
• ReddCoin (RDD) traded up 39.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• WhiteCoin (XWC) traded down 2.7% against the dollar and now trades at $0.0048 or 0.00000007 BTC.
• Navcoin (NAV) traded down 8.7% against the dollar and now trades at $0.0598 or 0.00000093 BTC.
• Aion (AION) traded 22% higher against the dollar and now trades at $0.0020 or 0.00000003 BTC.

About Decred

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. Its launch date was February 8th, 2016. Decred’s total supply is 16,024,313 coins. Decred’s official website is decred.org. The official message board for Decred is medium.com/decred. 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.

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 trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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