Decred 24 Hour Volume Reaches $2.99 Million (DCR)

Decred (DCR) traded up 0.2% against the dollar during the 1 day period ending at 17:00 PM Eastern on May 5th. Decred has a market capitalization of $346.29 million and approximately $2.99 million worth of Decred was traded on exchanges in the last day. In the last week, Decred has traded 3.4% higher against the dollar. One Decred coin can currently be purchased for approximately $21.59 or 0.00033873 BTC on exchanges.

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

• Compound (COMP) traded down 0.3% against the dollar and now trades at $58.04 or 0.00091050 BTC.
• Bitcoiva (BCA) traded 6.2% higher against the dollar and now trades at $9.27 or 0.00014545 BTC.
• EverGrow Coin (EGC) traded up 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded up 7.9% against the dollar and now trades at $2.12 or 0.00003333 BTC.
• Bitcoin Diamond (BCD) traded 0.7% higher against the dollar and now trades at $0.11 or 0.00000176 BTC.
• dForce USD (USX) traded up 0.5% against the dollar and now trades at $0.98 or 0.00001537 BTC.
• WhiteCoin (XWC) traded 11.2% higher against the dollar and now trades at $0.0046 or 0.00000007 BTC.
• ReddCoin (RDD) traded down 28.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 0.1% against the dollar and now trades at $0.0559 or 0.00000088 BTC.
• Aion (AION) traded 3.5% lower against the dollar and now trades at $0.0019 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 16,037,098 coins. Decred’s official message board 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. 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.”

Buying and Selling Decred

It is usually not currently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to trade Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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