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    Decred

    DCR

    Rank #233

    $23.66

    -6.15%
    24H Low$24.15
    $26.5224H High
    24H Volume
    $4.73 M
    All-Time High(ATH)
    $247.35
    All-Time Low(ATL)
    $0.4315
    Market Cap
    $385.29 M
    Fully Diluted Valuation
    $507.91 M
    Market Cap/FDV
    75.86%
    Circulating Supply
    15.93 M DCR
    Total Supply
    21 M DCR
    Max Supply
    Market Sentiment
    Positive
    * Data from 3rd parties

    Decred (DCR) Price Trends

    Time period
    Change amount
    % Change
    1H
    $-0.6980
    -2.95%
    24H
    $-1.46
    -6.15%
    7D
    $-3.95
    -16.68%
    30D
    $+8.73
    +36.91%
    1Y
    $+3.44
    +14.52%

    Credibility Indicators

    67.85

    Reliability Score

    Rank #1

    # 2452

    Percentile

    TOP 20%

    Team Members

    Alex Yocom-Piatt

    Alex Yocom-Piatt

    Jimmy Song

    Jimmy Song

    Dave Collins

    Dave Collins

    Investors

    Blockchain Capital

    Blockchain Capital

    Placeholder Ventures

    Placeholder Ventures

    Live Decred (DCR) Price Update

    Decred price today is $23.66 with a 24-hour trading volume of $4.73 M, and as such Decred has a market cap of $385.29 M, giving it a market dominance of 0.018%. The Decred price moved -6.15% in the last 24 hours.

    Decred reached its highest price on 2021-04-17 when it was trading at its all-time high of $247.35, while its lowest price was recorded on 2016-12-26 when it was trading at its all-time low of $0.4315. The current lowest price since the last cycle high was $0.4315, and the highest price since the last cycle low was $247.35. The social sentiment of Decred is currently Positive.

    The current circulating supply of Decred is $15.93 M DCR. In terms of market cap, Decred is currently ranked 233.

    About Decred (DCR)

    The full name of DCR currency is deced. DCR currency is an independent digital currency. Deced is a cryptocurrency, similar to bitcoin, which emphasizes community investment, open governance and sustainable capital and development. It uses a mixed "proof of work" and "proof of interest" mining system to ensure that a small group cannot dominate the transaction process or modify the deced without community input. A monetary unit is called'reduced'(DCR). To ensure the integrity of currency and prevent people from making fraudulent transactions or creating their own coins, deced uses the method of recording transactions called blockchain. Deced is a multi platform digital currency that supports windows, MacOS, and Linux. With the wallet application, you can send, receive and mine deced with just a few clicks, which is very easy to use. DCR is positioned as a digital currency with payment function, which is similar to bitcoin. Its main innovation lies in improving the process for communities to reach consensus on decision-making, with emphasis on community autonomy. Therefore, pow+pos mechanism is introduced to restrict possible mining tyrants, balance the interests of miners and coin holders as much as possible, and effectively reduce absenteeism. This system can also allow users to participate in the change of voting consensus mechanism. In addition to community governance, deced focuses on developing cross chain atomic swap transactions. The so-called atomic exchange is to use bitcoin's scripting language to build smart contracts and authorize cross chain transactions. The premise to realize such transactions is to find a method to solve the original image of hash function. The significance of atomic swap is to truly realize decentralization and abandon third-party institutions such as exchanges for asset trading.

    FAQs

    1. What determines the price movement of Decred?

    There are two schools of thought in determining the price of Decred.
    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Decred, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Decred from a long term perspective.
    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Decred on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Decred as well.
    Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Decred and the cryptocurrency market as a whole.

    Decred Tokenomics

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    Decred Analysis

    Date
    Market Cap
    Volume
    Open
    Close
    2024-03-19
    $404.9 M
    4.92 M DCR
    $25.42
    N/A
    2024-03-18
    $414.64 M
    3.88 M DCR
    $26.03
    $25.42
    2024-03-17
    $386.54 M
    241.65 DCR
    $24.27
    $26.03
    2024-03-16
    $446.89 M
    76.44 DCR
    $28.07
    $24.27
    2024-03-15
    $476.56 M
    109.19 DCR
    $29.93
    $28.07
    2024-03-14
    $499.63 M
    112.83 DCR
    $31.39
    $29.93
    2024-03-13
    $486.98 M
    123.28 DCR
    $30.6
    $31.39
    2024-03-12
    $460.64 M
    92.94 DCR
    $28.95
    $30.6