Decred (DCR) Price Hits $21.18 on Major Exchanges

Decred (DCR) traded down 2.9% against the US dollar during the 1 day period ending at 22:00 PM E.T. on May 7th. Over the last seven days, Decred has traded up 9% against the US dollar. Decred has a total market cap of $339.77 million and $2.15 million worth of Decred was traded on exchanges in the last 24 hours. One Decred coin can currently be purchased for about $21.18 or 0.00033764 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Compound (COMP) traded 2.2% lower against the dollar and now trades at $55.81 or 0.00088966 BTC.
• Bitcoiva (BCA) traded down 1.3% against the dollar and now trades at $9.23 or 0.00014706 BTC.
• Safe (SAFE) traded 0.2% higher against the dollar and now trades at $2.16 or 0.00003370 BTC.
• EverGrow Coin (EGC) traded 2.7% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Bitcoin Diamond (BCD) traded up 5.1% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.98 or 0.00001557 BTC.
• WhiteCoin (XWC) traded up 1.9% against the dollar and now trades at $0.0055 or 0.00000009 BTC.
• ReddCoin (RDD) traded 6.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded 0.5% lower against the dollar and now trades at $0.0537 or 0.00000086 BTC.
• Aion (AION) traded 3.6% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It was first traded on February 8th, 2016. Decred’s total supply is 16,041,917 coins. The official message board for Decred 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.”

Buying and Selling Decred

It is usually not presently possible to purchase alternative cryptocurrencies such as Decred directly using US dollars. Investors seeking to acquire Decred should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView