Decred (DCR) Price

  • Decred(DCR)
    $22.957
    -1.4144(-5.8035%)
    12:17:59(GMT)|Real-Time Data, Currency in USD
    • Open
      $24.372
      Day's Range
      $22.952- $23.675
    • Market Cap
      $223.04 M
      Volume
      $1.69 M
    • Current Supply
      9.69 MDCR
      Max Supply
      21.00 MDCR

DecredOverview

  • Proof TypePoW/PoS
  • AlgorithmBLAKE256
  • Market Cap$223.04 M
  • Volume$855.79 K
  • Current Supply9.69 MDCR
  • Max Supply21.00 MDCR
  • Open$24.372
  • Day's Range$22.952- $23.675

DecredPrice

Decred is a multi-platform open-source digital cryptocurrency and blockchain that supports Windows, macOS, and Linux. Wallet applications facilitate the sending, receiving and mining of Decred coins (“DCR”).

Funds transferred from Decred wallets take approximately 5-minutes, with a small fee charged in addition to a transaction fee that is based upon the transfer amount.

Decred is a virtual currency, more commonly referred to as a cryptocurrency that was created with the principal of removing intermediary control as enjoyed by banks, central banks, and governments.

Unlike fiat money, there are no physical Decred coins, just balances of Decred coins that are recorded on Decred’s blockchain which is a decentralized, public ledger. Decred was created in order to compete or replace fiat currencies as an alternative instant payment mechanism.

Decred was launched in February 2016, with a total supply of 21 million coins. 8% of the total supply was pre-mined and distributed between compensation for bring-up costs and an “airdrop”.

Decred was created by the Bitcoin developers that engineered btcsuite under the name Company 0.

The creation of each individual Decred coins comes from mining, which stems from a reward mechanism for the verification of transactions on Decred’s blockchain.

Decred’s blockchain has two methods of validation of transactions:

  • Proof-of-work protocol:
    • Uses miner computing power in return for Decred coins as reward.
    • Each time a new block is created approximately 30 Decred Coins are created
    • Rewards are distributed proportionally to the hashrate of the miner and the overall hashrate of the network.
  • Proof-of-stake protocol:
    • Allows stakeholders to vote for or against proposed changes to the Decred blockchain.
    • Allows stakeholders to keep check of non-confirming proof-of-work miners. Stakeholders can vote a block invalid even if it confirms to the consensus rules of the network. (Prevents the mining of empty blocks).
    • Long-term holders of Decred lock up their funds for a length of time in order to accrue new coins from block reward.

The proof-of-stake protocol adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes.

Decred blockchain is a key driver behind Decred. A decentralized ledger that is updated instantaneously across all users, with transaction times and fees depending upon the speed which miners are able to verify transactions. The Blockchain technology is unique as it has no centralized control or the ability to manipulate its content.

Some distinct differences and characteristics of Decred include:

  • There are no physical Decred coins, only virtual.
  • Unlike fiat currencies, where governments and central banks are able to print more money, there is a finite number of Decred coins.

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DecredTechnical Analysis

Summary

SELL
  • Moving Averages
    SELL(18)
  • Indicators
    BUY(3)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)23.38823.30523.293
MA (10)23.44423.42823.405
MA (20)23.70023.66723.484
MA (50)24.37024.18524.032
MA (100)24.88924.59424.497
MA (200)25.06925.06924.908
SELL1800

Trend Indicators

MACD (12,26,9)-0.3224
ADX (14)25.0935
RSI (14)35.6777
Williams %R (14)-70.9459
Stochastic RSI (14)25.0645
ROC (10)0.7424
CCI (14)-58.7579
Ultimate oscillator (7,14,28)36.0775
Stochastic Fast (14)29.0541
ATR (14)0.303
BBands (20)2.3534
BUY038

Pivot Points

names3s2s1pivotr1r2r3
classic22.84322.95623.01323.12623.18323.29623.353
fibonacci22.95623.02123.06123.12623.19123.23123.296
camarilla22.85722.87122.88523.12623.25423.26823.268
woodieN/A17.17511.45017.34511.61917.514N/A
demarkN/AN/A22.98423.11223.154N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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