Decred Price Reaches $12.01 (DCR)

Decred (DCR) traded 3.8% lower against the US dollar during the 24-hour period ending at 18:00 PM E.T. on October 26th. Decred has a market cap of $197.01 million and approximately $1.37 million worth of Decred was traded on exchanges in the last day. In the last week, Decred has traded 4.4% lower against the US dollar. One Decred coin can now be bought for $12.01 or 0.00017915 BTC on major exchanges.

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

• Compound (COMP) traded 2.5% lower against the dollar and now trades at $41.79 or 0.00062340 BTC.
• Bitcoiva (BCA) traded down 7.5% against the dollar and now trades at $4.35 or 0.00006496 BTC.
• dForce USD (USX) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001482 BTC.
• Bitcoin Diamond (BCD) traded down 2.8% against the dollar and now trades at $0.0576 or 0.00000086 BTC.
• WhiteCoin (XWC) traded 16% lower against the dollar and now trades at $0.0135 or 0.00000020 BTC.
• Navcoin (NAV) traded down 0.1% against the dollar and now trades at $0.0305 or 0.00000046 BTC.
• Memetic (MEME) traded up 9% against the dollar and now trades at $0.0134 or 0.00000020 BTC.
• ReddCoin (RDD) traded up 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• 42-coin (42) traded down 0.1% against the dollar and now trades at $25,474.75 or 0.38004764 BTC.
• Aion (AION) traded 7% higher against the dollar and now trades at $0.0014 or 0.00000002 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 16,405,605 coins. The official message board for Decred 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 buy alternative cryptocurrencies such as Decred directly using U.S. dollars. Investors seeking to trade Decred should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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