With a total market cap of over $218 million, Decred is the No. 166 cryptocurrency by market size. The currency symbol for Decred is DCR and it was launched in February 2016. Decred uses the Blake-256 hashing algorithm and it has a blocktime of 5 minutes. There will only ever be 21 million Decred tokens issued. So far 15.6 million tokens (74.4% of the total supply) have been issued.
The technical price analysis for Decred below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Decred.
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Decred FAQs
QWhen was Decred launched?
ADecred was launched in February 2016.
QWhat is the blocktime for Decred?
AThe blocktime for Decred is 5 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Decred use?
ADecred uses the hasing algortihm Blake-256.
QWhat was the highest price that Decred ever reached?
AThe highest price that Decred ever reached was $247.35 USD. This all time high price occured on 17 Apr 2021.
QWhat was the lowest price that Decred ever reached?
AThe lowest price that Decred ever reached was $0.43154 USD. This all time low price occured on 26 Dec 2016.
AYes Decred is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Decred use?
ADecred uses a blake256 hybrid-pow-pos concensus algorithm.
QIs it a good time to buy Decred?
AYou can check the technical indicators for Decred on the Decred Price Trend tab. These indicators are based on the analysis of multiple trading signals for Decred.
QWhere is the best place to buy Decred?
AYou can find the cheapest exchange on which to buy Decred on the Decred Buy tab.
QWhich venture capital firms have invested in Decred?
AThe following venture capital firms have invested in Decred: Placeholder Ventures.
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