Decred (DCR) Market Cap Reaches $226.67 Million

Decred (DCR) traded up 0.3% against the U.S. dollar during the one day period ending at 7:00 AM Eastern on February 14th. During the last seven days, Decred has traded 20.6% higher against the U.S. dollar. One Decred coin can now be purchased for approximately $13.63 or 0.00014076 BTC on major cryptocurrency exchanges. Decred has a total market capitalization of $226.67 million and $1.54 million worth of Decred was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Compound (COMP) traded 1.5% higher against the dollar and now trades at $57.23 or 0.00059082 BTC.
• Zano (ZANO) traded up 2.2% against the dollar and now trades at $8.23 or 0.00008481 BTC.
• Bitcoiva (BCA) traded 0.4% lower against the dollar and now trades at $4.98 or 0.00005140 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001026 BTC.
• WhiteCoin (XWC) traded down 2.6% against the dollar and now trades at $0.0179 or 0.00000018 BTC.
• Bitcoin Diamond (BCD) traded 0.1% lower against the dollar and now trades at $0.0520 or 0.00000054 BTC.
• ReddCoin (RDD) traded 3.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0% higher against the dollar and now trades at $0.0479 or 0.00000049 BTC.
• Memetic (MEME) traded 2.2% higher against the dollar and now trades at $0.0046 or 0.00000005 BTC.

Decred Coin Profile

DCR is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,624,411 coins. Decred’s official website is decred.org. The Reddit community for Decred is https://reddit.com/r/decred and the currency’s Github account can be viewed here. Decred’s official message board is medium.com/decred. 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.”

Buying and Selling Decred

It is usually not presently possible to buy alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini 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