Decred Price Tops $11.19 (DCR)

Decred (DCR) traded up 3.2% against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on September 7th. One Decred coin can now be purchased for $11.19 or 0.00020566 BTC on major cryptocurrency exchanges. Decred has a market cap of $182.46 million and approximately $1.44 million worth of Decred was traded on exchanges in the last day. Over the last seven days, Decred has traded 5.8% higher against the U.S. dollar.

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

• Compound (COMP) traded 1.7% higher against the dollar and now trades at $41.22 or 0.00075742 BTC.
• Bitcoiva (BCA) traded 3.2% lower against the dollar and now trades at $3.72 or 0.00006841 BTC.
• EverGrow Coin (EGC) traded up 9.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• dForce USD (USX) traded 0% lower against the dollar and now trades at $1.00 or 0.00001835 BTC.
• Bitcoin Diamond (BCD) traded 1.5% lower against the dollar and now trades at $0.0677 or 0.00000124 BTC.
• WhiteCoin (XWC) traded up 8.4% against the dollar and now trades at $0.0056 or 0.00000010 BTC.
• Navcoin (NAV) traded down 1.6% against the dollar and now trades at $0.0360 or 0.00000066 BTC.
• ReddCoin (RDD) traded down 0.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Memetic (MEME) traded 3.6% higher against the dollar and now trades at $0.0089 or 0.00000016 BTC.
• Aion (AION) traded 0.1% higher against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About Decred

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 16,304,180 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 Twitter account is @decredproject and its Facebook page is accessible here. The official website for Decred is decred.org. The official message board for Decred 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 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 Changelly. 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