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Decred

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DCR
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1 DCR = 25.52 USD
Last updated 2024-03-04 08:32:35(UTC-0)

Decred price live data summary

The live price of Decred is $25.52 per (DCR / USD) today with a current market cap of $405.75M USD. The 24-hour trading volume is $6.59M USD. DCR to USD price is updated in real time. Decred is +3.71% in the last 24 hours. It has a circulating supply of 15,896,990 .

What is the highest price of DCR?

DCR has an all-time high (ATH) of $250.02, recorded on 2021-04-17.

What is the lowest price of DCR?

DCR has an all-time low (ATL) of $0.3948, recorded on 2016-12-28.

When is a good time to buy DCR? Should I buy or sell now?

When deciding whether to buy or sell DCR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DCR technical analysis can provide you with a reference for trading.
According to the DCR 4h technical analysis, the trading signal is Strong buy.
According to the DCR 1d technical analysis, the trading signal is Strong buy.
According to the DCR 1w technical analysis, the trading signal is Strong buy.

Decred price performance in USD

24h7d30d90d1yAll-time
+3.71%+28.22%+62.78%+77.57%+17.52%+2576.41%

Decred price history in USD

TimeLowHigh
24h$24.65$26.47
7d$20.22$26.47
30d$15.27$26.47
90d$13.73$26.47
1y$11.54$26.47
All-time$0.3948(2016-12-28, 7 years ago )$250.02(2021-04-17, 2 years ago )

Decred market information

Market capCombinedShapeIcon
$405,752,620.82
+3.71%
Fully diluted market capCombinedShapeIcon
$536,001,144.5
+3.71%
Volume (24h)CombinedShapeIcon
$6,593,522.49
-30.77%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+99.00%
24h volume / market capCombinedShapeIcon
0.0162
Circulating supplyCombinedShapeIcon
15,896,990 DCR
Total supply / Max supplyCombinedShapeIcon
15,896,990.38 DCR
21,000,000 DCR
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Decred ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Decred Social Data

In the last 24 hours, the social media sentiment score for Decred was 3, and the social media sentiment towards Decred price trend was Bullish. The overall Decred social media score was 0, which ranks 205 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,099,743 times, with Decred being mentioned with a frequency ratio of 0.01%, ranking 300 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Decred, with a total of Decred mentions of 84. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 300%.

On Twitter, there were a total of 0 tweets mentioning Decred in the last 24 hours. Among them, 0% are bullish on Decred, 0% are bearish on Decred, and 100% are neutral on Decred.

On Reddit, there were 0 posts mentioning Decred in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Decred. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
3
Social score(24h)
0(#205)
Social contributors(24h)
0
0%
Social mentions(24h)
84(#300)
+300%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Decred(DCR)

What Is Decred?

Decred is a community-driven alternative to Bitcoin. Launched in 2014 as a fork of the original Bitcoin codebase, Decred (Decentralized Credits) has carved a niche for itself by focusing on community input and open governance. This cryptocurrency was conceived to address the perceived inefficiencies and centralization tendencies observed in Bitcoin, offering a more democratic and scalable solution.

Decred's inception can be traced back to a discussion on the Bitcointalk forum in 2013, where the concept of a new cryptocurrency named Memcoin2 was introduced. This innovative idea quickly gained traction and was adopted by Company 0, culminating in the formal launch of Decred in early 2016. The project has since evolved significantly, introducing features like atomic swaps and the Decred Decentralized Exchange (DEX), which have further decentralized the exchange process and enhanced user participation.

Resources

Official Documents: https://docs.decred.org/

Official Website: https://decred.org/

How Does Decred Work?

Decred operates on a unique hybrid consensus mechanism that integrates both Proof-of-Work (PoW) and Proof-of-Stake (PoS) protocols. This hybrid model fosters a more robust notion of consensus, allowing for a balanced distribution of influence and rewards across the network. PoW miners, akin to Bitcoin, validate transactions and add them to the blockchain, receiving a portion of the block rewards for their efforts.

On the other hand, the PoS protocol facilitates community involvement in the network's governance. DCR coin holders can stake their coins to acquire tickets, which grant them voting rights on various network decisions, including proposed changes to the blockchain and the allocation of funds from the Decred Treasury. This dual mechanism not only ensures network security but also promotes active community participation, steering the development of the cryptocurrency in a direction that aligns with the users' interests.

The Decred network also features the Politeia proposal system, a platform that allows users to submit, discuss, and vote on potential upgrades or policy changes. This system, introduced in 2018, has become the cornerstone of Decred's governance model, fostering transparency and community engagement in decision-making processes.

What Is DCR Token?

DCR is the native cryptocurrency of the Decred network, functioning as the medium of exchange and the tool for participating in network governance. The DCR tokenomics exhibit low volatility, primarily due to the governance process encouraging users to stake their tokens, thus reducing susceptibility to panic selling or day trading. The DCR token serves multiple purposes within the Decred ecosystem. It is used to reward miners and stakeholders, fund project developments through the Decred Treasury, and facilitate transactions and exchanges within and outside the network. The DCR token stands as a testament to Decred's commitment to fostering a community-governed and sustainable cryptocurrency ecosystem.

Decred's Impact on Finance

Decred is at the forefront of revolutionizing the financial landscape by offering a decentralized and community-governed alternative to traditional cryptocurrencies. Its innovative governance model, which integrates both PoW and PoS protocols, has set a new standard for community involvement and open governance in the cryptocurrency space.

By decentralizing decision-making processes and fostering active community participation, Decred has created a more inclusive and democratic financial ecosystem. Its focus on scalability, security, and sustainability positions it as a viable and promising alternative in the cryptocurrency market, potentially reshaping the future of finance by putting power back in the hands of the community.

Furthermore, Decred's sustainable funding model and transparent treasury management have introduced a new paradigm of financial management, where community stakeholders have a direct say in the allocation and utilization of funds. This approach not only ensures the long-term viability of the project but also serves as a blueprint for other cryptocurrencies aiming to achieve a more decentralized and community-driven development trajectory.

What Determines Decred's Price?

In the ever-fluctuating world of cryptocurrencies, the Decred price today is influenced by a myriad of factors intricately tied to its unique blockchain architecture and community-driven governance model. A critical aspect that shapes the DCR price live is its hybrid consensus mechanism, integrating both Proof-of-Work (PoW) and Proof-of-Stake (PoS) protocols. This innovative structure not only fosters a robust and secure network but also plays a pivotal role in the Decred price analysis, creating a balanced distribution of influence and rewards across the network, thereby impacting the Decred token value.

Moreover, the Decred (DCR) market cap is significantly influenced by the active participation of the community in the network's governance, facilitated through the staking of DCR tokens, a factor often reflected in the Decred (DCR) price chart.

As enthusiasts and investors keenly follow the live Decred price tracker, it is essential to note that the DCR token price is also swayed by broader market trends and economic factors. The Decred price prediction frequently considers the developments within the Decred community, including the proposals and implementations facilitated through the Politeia proposal system. This system, a cornerstone in Decred's governance model, encourages transparency and community engagement, factors that are closely monitored in DCR price news. Furthermore, the current DCR price in USD is influenced by the developments and initiatives funded through the Decred Treasury, a transparent and democratic mechanism allocating funds for the network's growth and sustainability, aspects critical in determining the Decred (DCR) price forecast.

Conclusion

In conclusion, Decred stands as a pioneering force in the cryptocurrency sector, heralding a community-centric approach to governance and development. Through its unique hybrid consensus mechanism that integrates both Proof-of-Work and Proof-of-Stake protocols, it nurtures a dynamic and democratic ecosystem where community members actively partake in key decision-making processes, influencing the trajectory of the DCR token value and the broader blockchain network. Moreover, the Decred network fosters financial decentralization and innovation, promising robust security and a balanced distribution of rewards and influence. As a sustainable alternative in the cryptocurrency space, Decred continually adapts and grows, grounded in transparency and open governance, illustrating a viable blueprint for a decentralized and community-driven financial future.

Trade DCR perpetual futures

After having successfully signed up on Bitget and purchased USDT or DCR tokens, you can start trading derivatives, including DCR futures and margin trading to increase your income.

The current price of DCR is $25.52, with a 24h price change of +3.71%. Traders can profit by either going long or short onDCR futures.

Join DCR copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DCR tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Decred.

What is the current price of Decred?

We update our Decred to USD price in real time. Get the live Price of Decred on Bitget.

What is the 24 hour trading volume of Decred?

Over the last 24 hours, the trading volume of Decred is $6.59M.

What is the all-time high of Decred?

The all-time high of Decred is $250.02. This all-time high is highest price for Decred since it was launched.

Can I buy Decred on Bitget?

Yes, Decred is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Decred?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Decred with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Decred (DCR) a good investment?

Decred distinguishes itself in the crypto space with its unique governance and hybrid consensus model, fostering user influence and heightened engagement. Its commitment to decentralization and community-driven ethos positions Decred as a compelling choice for investors seeking a more participatory cryptocurrency. Unlike many central-led cryptos, Decred emphasizes community, transparency, and active involvement. Since its 2016 inception, Decred has achieved key milestones like integrating the Lightning Network and launching the Decred DEX. Additionally, its financial strength is bolstered by the Decred Treasury's block rewards, fueling development, marketing, and growth initiatives.

What is DCR price prediction?

Decred (DCR) price is influenced by several pivotal factors. A prominent driver is its vibrant community engagement, fostered by the project's participatory governance. Heightened community involvement could escalate DCR demand and subsequently, its price. The hybrid PoW/PoS consensus of Decred offers another potential price catalyst. With block rewards earmarked for PoS voters, users have a compelling incentive to acquire and retain DCR, fostering demand. Further, Decred's persistent technological advancements and feature integrations can uplift the DCR value. This encompasses new product launches, platform enhancements, or strategic collaborations. Lastly, Decred's fiscal robustness, underpinned by its treasury, can bolster investor trust, propelling the DCR price upward.

What is the use case of DCR token?

DCR, Decred's native token, fulfills multiple roles: Governance Tool: Leveraging a hybrid PoW/PoS consensus, DCR holders stake tokens to influence the network's trajectory by voting on key proposals. Funding and Treasury: Decred's self-funding relies on block rewards channeled into its treasury. Stakeholders decide on fund allocation for activities like development and marketing. Network Security: By staking DCR, users enhance the platform's security, affirming transaction validity, and earning rewards. Atomic Swaps: Decred supports atomic swaps, enabling users to directly trade DCR for other cryptos without centralized exchanges. Medium and Value Store: DCR can act both as a transactional medium and a value store within the Decred ecosystem.

How to stake DCR on Decred

To stake and vote with your DCR tokens on Decred, follow these steps: Set Up Decrediton Wallet: Buy DCR from platforms like Bitget and transfer them to your Decrediton wallet. Navigate to Staking: Within Decrediton, find the 'Staking' or 'Purchase' tab. Delegate to a VSP: Buy tickets using your DCR, selecting a preferred Voting Service Provider (VSP) for delegation. Reap Rewards: By staking DCR, you'll earn rewards and enhance your cryptocurrency portfolio.

Is Decred a fork of Bitcoin?

No, Decred is an independent currency, conceptualized by ex-Bitcoin developers who encountered challenges with Bitcoin's governance. They evaluated Bitcoin's strengths and sought to enhance it by embedding a formal governance system from its inception. The aim was to establish a framework where every engaged community member could manage and shape the system, set its guidelines, and steer the project's future.

How is Decred different from Bitcoin?

Decred sets itself apart from Bitcoin with three primary differences: Enhanced Security: Decred's hybrid PoW+PoS system makes it tougher to attack, ensuring a harmonious relationship between miners and voters, which adds to its enduring stability. Flexibility: Decred incorporates an established governance mechanism that facilitates consensus rule changes without necessitating hard forks. Long-Term Viability: The project finances itself via block rewards, and only genuine stakeholders can approve Treasury expenditures, bolstering its long-term sustainability.
Cryptocurrency investments, including buying Decred online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Decred, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Decred purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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