DCR Price Analysis February 2022

DCR is a coin of platform Decred. Its current price is around $66.71 by writing, with a low of $50.28 in 2021 and a market cap of 918 million dollars.

What is Decred?

Decred is a cryptocurrency with two consensus models proof of work and proof of stake. In addition, Decred has a built-in governance system that lets the community make consensus changes and manage project-level decisions. Joshua Buirski founded it in 2014, and its native coin DCR powers it.

Decred is an open-source, decentralized cryptocurrency that solves Bitcoin’s scalability problem. It has a continuous fund that compensates contributors for their work on Decred. They receive 10% of the block reward every time they contribute to Decred.

What is DCR?

DCR is the coin of the Decred platform, which is around $66.71 by the time of writing, with a low of $50.28 in 2021. Its current ranking is #90 according to CoinMarketCap, with a market cap of 918 million dollars.

DCR reached a high of $250.02, with a low of $50.28. This crypto is one of the top 100, ranked by market cap. DCR is a digital currency and Bitcoin clone that focuses on project development and governance.

DCR Coin Market Analysis 

DCR has a max supply of 21,000,000 coins worth around $66.71 with a market volume of 5 million dollars, whereas the market capitalization is 918 million dollars at writing. 

DCR Price Prediction

On the 1w timeframe, $DCR/USDT was trading in a downtrend for a couple of months and formed the descending triangle. The price action is currently consolidating at the Support key level.

For any time, on-demand analysis on $DCR or any other coin can join our Telegram channel.

Dcr Price Analysis February 2022

Here are some of the best exchanges to buy DCR.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

Pratyaksh
Pratyaksh

Newsletter

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!