Decred Tops One Day Trading Volume of $2.05 Million (DCR)

Decred (DCR) traded 2.3% lower against the US dollar during the 1-day period ending at 20:00 PM Eastern on August 9th. Over the last week, Decred has traded down 12.5% against the US dollar. One Decred coin can currently be purchased for about $10.15 or 0.00016663 BTC on major exchanges. Decred has a market capitalization of $164.91 million and $2.05 million worth of Decred was traded on exchanges in the last day.

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

• Compound (COMP) traded down 0% against the dollar and now trades at $41.15 or 0.00067543 BTC.
• Bitcoiva (BCA) traded 0.4% lower against the dollar and now trades at $5.07 or 0.00008319 BTC.
• EverGrow Coin (EGC) traded down 2.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001654 BTC.
• Bitcoin Diamond (BCD) traded 6% higher against the dollar and now trades at $0.0712 or 0.00000117 BTC.
• WhiteCoin (XWC) traded down 2% against the dollar and now trades at $0.0056 or 0.00000009 BTC.
• Navcoin (NAV) traded 9.2% lower against the dollar and now trades at $0.0386 or 0.00000063 BTC.
• Memetic (MEME) traded 5.2% lower against the dollar and now trades at $0.0108 or 0.00000018 BTC.
• ReddCoin (RDD) traded down 0.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Aion (AION) traded up 3.7% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

Decred Coin 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 16,244,142 coins. 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. The official website for Decred 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.”

Decred Coin Trading

It is usually not currently 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 GDAX, Changelly or Gemini. 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