Decred (DCR) Analysis

Market Cap

$1,674,674,635 USD

Volume (24h)

$9,691,031 USD

Top cryptocurrency services

Bot for automated trading Launch bot
Hardware wallet for holding Get wallet
Instant buy & sell coins Buy & sell
Casino for non-US players Play now
USA & UK friendly casino Play now

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Decred Markets Rank: 11/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Decred Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Decred Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    Decred 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Decred Social Following Rank: 97/100

  • Google Trends

    How many users are searching for the coin?

    Decred Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Decred Twitter Citation Rank: 73/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Decred User Voting Rank: 1/100

Decred investment analysis

Blockchain governance is a serious problem that plagues the distributed networks and has for the most part of the development stages of all decentralized applications been a steady discourse throughout the ecosystem.

Decred is a decentralized infrastructure built specifically to address the issues of governance within the blockchain ecosystem and also to provide a relatively easy transition protocol from one particular consensus to the other. What this means is that it ultimately has found a way of mitigating the dangers of hard forks which are the prominent fears of most blockchain products when an essential upgrade is imminent.

Decred investment has been around since 2016 and has quite an interesting price history. DCR has found a unique way of combining proof of work consensus mechanism with proof of stake algorithms to achieve a hybrid structure of achieving consensus. This way the platform is built on a robust system with buoyancy.

Decred investment price
Decred expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

Decred Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

Decred Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

by Safety
by Profit
historical data

How to buy Decred?

To buy Decred cryptocurrency, you will have to get some things set first:

1) A wallet in which to store your DCR once you have made the purchase. They have a custom wallet client, which can be downloaded from their website with a unique user interface that has been adapted to different operating systems such as Windows, Mac, and Linux systems.They also have a web-based wallet should the user decide not to download the software unto their PC.

Moreover, there are third-party wallet services that are compatible with the cryptocurrency, such as the Exodus wallet.

2) Check for available markets where the coin is being sold or traded. As of the time of writing, there are about 10 exchange markets with about 11 trade pairs with BTC, TRY, USDT, EUR and DOGE coins.

As for a technology, which has been in existence since 2016, one would expect more activity from more trade markets this might hopefully change as the coin continues to mature.