Decentralized Social Trading 12.7% Lower This Week (DESO)

Decentralized Social (DESO) traded down 2% against the U.S. dollar during the one day period ending at 9:00 AM Eastern on February 26th. Decentralized Social has a market capitalization of $91.99 million and approximately $763,326.99 worth of Decentralized Social was traded on exchanges in the last 24 hours. One Decentralized Social coin can now be purchased for $8.73 or 0.00010111 BTC on major exchanges. Over the last week, Decentralized Social has traded 12.7% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded 1.6% lower against the dollar and now trades at $0.88 or 0.00001014 BTC.
• 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.
• SolvBTC (SOLVBTC) traded 3% lower against the dollar and now trades at $85,910.54 or 0.99457959 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.6% lower against the dollar and now trades at $85,703.21 or 0.99217941 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Decentralized Social Profile

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. Decentralized Social’s official website is deso.com. Decentralized Social’s official message board 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.

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​.”

Buying and Selling Decentralized Social

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

DESO/USD price chart by TradingView