Decred’s Price Predictions to Extend the Current Growth of the Market

Decred is a blockchain based decentralized cryptocurrency which primarily focuses on attention to community input, open management, and stable financial development. The key feature of this token is its desire to provide its users with the ability to control the blockchain. This platform is based on the model of consensus voting of participants that permits customers to contribute to the development of blockchain. DCR uses PoW and PoS consensus algorithm simultaneously.

DCR’s market price traded at 20.27 USD at 07:34 UTC for the Mcap value of USD 193,647,832. The cryptocurrency is ranked 37 based on its Mcap value and the circulating supply of 9,555.806 DCR coins. The present market value of DCR for the 24h volume of $2,470,763 amounts to USD 194,602,694 at 13:14 UTC. The relative selling price per DCR unit equals 20.37 USD or 0.00493800 BTC. The market value opened at USD 150 million at the beginning of 2019. However, the volatility of the market has maintained a stable price until March 12 with subsequent highs and lows. The value reached its lowest on February 07 with USD 138,818,445 and the price value trading at 14.97 USD. The cryptocurrency value boomed to over USD 185 million on March 13, with an average increase of 33.84% from its all-time low. However, the currency is currently at its prime reaching its peak value of USD 195,150,645 today on April 01 at 11:34 UTC. The increase in trading price from a low of 14.97 USD to the recent high of 20.42 USD offers good resistance support. The growth rate of DCR is estimated from the increase in the value of exponential moving average from USD 155,522,465 to the current value with a hike of 25.13%. This drives the crypto-coin under the bulls rule.

Reference: https://www.cryptonewsz.com/decred-dcr-price-analysis-decreds-price-predictions-to-extend-the-current-growth-of-the-market/13566/

Share this: