Decred (DCR) Price Reaches $21.59

Decred (DCR) traded 2.6% higher against the U.S. dollar during the 1-day period ending at 22:00 PM ET on May 5th. Decred has a total market capitalization of $346.23 million and $2.73 million worth of Decred was traded on exchanges in the last day. During the last seven days, Decred has traded 5.7% higher against the U.S. dollar. One Decred coin can now be purchased for $21.59 or 0.00033681 BTC on major cryptocurrency exchanges.

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

• Compound (COMP) traded up 2% against the dollar and now trades at $58.20 or 0.00090803 BTC.
• Bitcoiva (BCA) traded up 8.2% against the dollar and now trades at $9.43 or 0.00014716 BTC.
• EverGrow Coin (EGC) traded up 0.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 8.2% higher against the dollar and now trades at $2.12 or 0.00003315 BTC.
• Bitcoin Diamond (BCD) traded down 0.6% against the dollar and now trades at $0.11 or 0.00000172 BTC.
• dForce USD (USX) traded 0.2% higher against the dollar and now trades at $0.98 or 0.00001527 BTC.
• WhiteCoin (XWC) traded up 13.6% against the dollar and now trades at $0.0047 or 0.00000007 BTC.
• ReddCoin (RDD) traded 13.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded down 0.7% against the dollar and now trades at $0.0556 or 0.00000087 BTC.
• Aion (AION) traded down 3.5% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Profile

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 16,037,641 coins. The official website for Decred 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 Twitter account is @decredproject and its Facebook page is accessible here. Decred’s official message board is medium.com/decred.

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 acquire Decred should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Decred using one of the exchanges listed above.

DCR/USD price chart by TradingView