Decred (DCR) Price Tops $23.53 on Exchanges

Decred (DCR) traded up 5.1% against the U.S. dollar during the 24 hour period ending at 13:00 PM E.T. on April 23rd. One Decred coin can now be bought for about $23.53 or 0.00035236 BTC on popular exchanges. During the last week, Decred has traded 19.6% higher against the U.S. dollar. Decred has a total market cap of $376.68 million and approximately $3.55 million worth of Decred was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Compound (COMP) traded 0.1% lower against the dollar and now trades at $59.64 or 0.00089324 BTC.
• Bitcoiva (BCA) traded 1% lower against the dollar and now trades at $8.96 or 0.00013416 BTC.
• EverGrow Coin (EGC) traded up 0.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Safe (SAFE) traded 0% lower against the dollar and now trades at $1.99 or 0.00002981 BTC.
• dForce USD (USX) traded down 0.1% against the dollar and now trades at $0.99 or 0.00001476 BTC.
• Bitcoin Diamond (BCD) traded down 2.2% against the dollar and now trades at $0.10 or 0.00000155 BTC.
• WhiteCoin (XWC) traded down 2.6% against the dollar and now trades at $0.0049 or 0.00000007 BTC.
• ReddCoin (RDD) traded down 6.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Navcoin (NAV) traded up 9.2% against the dollar and now trades at $0.0719 or 0.00000108 BTC.
• Aion (AION) traded up 12% against the dollar and now trades at $0.0021 or 0.00000003 BTC.

Decred Coin Profile

Decred is a PoW/PoS coin that uses the BLAKE256 hashing algorithm. It launched on February 8th, 2016. Decred’s total supply is 16,010,109 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 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 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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Decred using one of the aforementioned exchanges.

DCR/USD price chart by TradingView