Decentralized Social (DESO) Reaches Self Reported Market Cap of $41.47 Million

Decentralized Social (DESO) traded down 0.8% against the dollar during the one day period ending at 0:00 AM Eastern on October 29th. Decentralized Social has a market cap of $41.47 million and approximately $754,221.06 worth of Decentralized Social was traded on exchanges in the last 24 hours. One Decentralized Social coin can currently be purchased for approximately $3.94 or 0.00005453 BTC on popular exchanges. In the last week, Decentralized Social has traded down 35.2% against the dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.9% higher against the dollar and now trades at $72,429.57 or 1.00297170 BTC.
• SolvBTC (SOLVBTC) traded 2.4% higher against the dollar and now trades at $72,353.93 or 1.00192426 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Decentralized Social

Decentralized Social launched on March 1st, 2021. Decentralized Social’s total supply is 10,808,492 coins and its circulating supply is 10,532,253 coins. The official message board for Decentralized Social is diamondapp.com/u/deso?. The Reddit community for Decentralized Social is https://reddit.com/r/deso and the currency’s Github account can be viewed here. Decentralized Social’s official Twitter account is @desoprotocol. The official website for Decentralized Social is deso.com.

According to CryptoCompare, “Decentralized Social (DESO) is a blockchain-based platform intended for the creation and operation of decentralised social media applications. It addresses issues linked with centralised platforms, such as data privacy, content censorship, and monetisation. Users retain control over their data, enhancing privacy and reducing exploitation risks. Content creators can monetise their work through mechanisms like NFTs, tips, and subscriptions, bypassing intermediaries. By decentralising content storage and distribution, DESO seeks to lessen censorship and support free expression. Additionally, DESO is designed to manage high volumes of transactions and data, making it appropriate for high-traffic social applications. Nader Al-Naji founded DESO, which combines the open financial system features of cryptocurrencies with a scalable database infrastructure​.”

Decentralized Social Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Decentralized Social directly using U.S. dollars. Investors seeking to trade Decentralized Social should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Decentralized Social using one of the aforementioned exchanges.

DESO/USD price chart by TradingView