Decred Profile

DCR
 Crypto
  

USD 20.42  0.04  0.20%   

Market Performance
0 of 100
Odds Of Distress
Over 58
Decred is trading at 20.42 as of the 7th of December 2022, a -0.2 percent decrease since the beginning of the trading day. Decred has over 58 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Cryptocurrency ratings for Decred are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of December 2020 and ending today, the 7th of December 2022. Click here to learn more.
Decred is peer-to-peer digital currency powered by the Blockchain technology. More on Decred

Moving together with Decred

+0.92BCDBCDPairCorr
Decred is an internet market maker for p-2-p internet money denominated as Cryptocurrency. Decred has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Decred are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Decred are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Decred Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Decred's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Decred or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Decred generated a negative expected return over the last 90 days
Decred has high historical volatility and very poor performance
Decred is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 10 exchanges in multiple currencies. Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter.Decred is built in the spirit of open participation and we have provided below a full disclosure of the technical features of the system, wallets and mining, initial funding and distribution, project governance and development, and a group contribution timeline.Decred opted for a different funding model in an attempt to shift the risk carried by supporters to the developers of the project. Instead of asking interested parties to fund the development of the software, the developers decided to pool funds together and carry the project to completion before making it public. The consensus was that this is an ethical path given the realities of funding software development, due to the fact that the developers alone carry the risk of the project failing, whereas in the past potential users were expected to pay for coins before any code was written. We felt this was unjust.The development of Decred was funded by Company 0 and from the pockets of its developers individually. The cost of developing the project, in terms of developer pay, totals to approximately USD 250,000, which Company 0 paid to developers. An additional amount of approximately USD 165,000 has been allocated for unpaid work and individual purchases by developers. We felt that the most equitable way to handle compensation for these expenses was to perform a small premine as part of the project launch. The model is unusual in that no developer received any amount of coins for free - all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work performed at the same rate.The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution. Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.Giving away these coins in an airdrop allows us to accomplish several things at once for the project: enlarge the Decred network, further help decentralize the distribution of coins, and allow us to get coins into the hands of people who are interested in participating in the project. Decred is fundamentally about technological progress, so the airdrop will target individuals that have made contributions to advance technology in its various forms. The maximum number of airdrop participants is capped at 5,000 individuals, so we recommend registering sooner rather than later. These coins will be given away unconditionally and there is zero expectation of Decred receiving anything from you in return for these coins.Sign up for the airdrop is currently open, but the airdrop registration will commence on January 4th, 2016. People who have been selected to participate in the airdrop will receive an email that contains a link to a web registration form. This form will require airdrop participants to enter an address to which their coins can be sent. Binaries and source code will be made available so that you can generate a wallet seed and an address for your airdrop coins. Once you have entered your receiving address into the airdrop webform and submitted it, you will receive your coins on the projected launch date.
AlgorithmBLAKE256
Coin TypeDecred
Proof TypePoW/PoS
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolDCR
Difficulty5.53 Billion
Technology Adoption RatingC+
Market Performance RatingD-
NameDCR
Sponsoredfalse
Block Reward5.901581238894523
Block Time299
Is Tradingtrue
Net Hashes Per Second69,316.86 Trillion
Asset Launch Date2016-02-08
Full NameDecred (DCR)
Asset Website Urlhttps://decred.org/
Block Number718,195
Platform Typeblockchain
Coin NameDecred
Total Coins Mined14.56 Million
Decred (DCR) is traded on CRYPTO Exchanges. Decred is peer-to-peer digital currency powered by the Blockchain technology.

Decred's Exchanges and Markets

Poloniex Binance Braziliex Bleutrade HitBTC Bitfinex Yobit Kucoin Exmo CoinEx

Decred Target Price Odds Analysis

What are Decred's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Decred jumping above the current price in 90 days from now is about 90.32%. The Decred probability density function shows the probability of Decred crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Decred has a beta of -0.3104 suggesting as returns on benchmark increase, returns on holding Decred are expected to decrease at a much lower rate. During the bear market, however, Decred is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Decred is significantly underperforming NYSE Composite.
  Odds Below 20.42HorizonTargetOdds Above 20.42
9.63%90 days
 20.42 
90.32%
Based on a normal probability distribution, the odds of Decred to move above the current price in 90 days from now is about 90.32 (This Decred probability density function shows the probability of Decred Crypto Coin to fall within a particular range of prices over 90 days) .

Decred Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Decred market risk premium is the additional return an investor will receive from holding Decred long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Decred. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Decred's alpha and beta are two of the key measurements used to evaluate Decred's performance over the market, the standard measures of volatility play an important role as well.

Decred Technical Analysis

When it comes to investing in cryptocurrency, such as Decred, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Decred, which is currently traded at 20.42, shows everything you need to know about Decred market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Decred, to determine its price movements. However, the Decred's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Decred's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Decred's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Decred Price Movement is a mathematical transformation function to describe exponentially increasing price patterns.
.

Decred Against Markets

Picking the right benchmark for Decred crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Decred crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Decred is critical whether you are bullish or bearish towards Decred at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Decred without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Decred

You need to understand the risk of getting into digital currencies such as DCR before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Decred in four ways:

Buy DCR through an exchange

Get yourself a crypto wallet before embarking on your Decred journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Decred. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Decred through an exchange

You don't have to buy a full token when starting out since DCR is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Decred through a broker

If you don't want to store your Decred Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in DCR through an exchange-traded fund (ETF)

You can also invest in DCR through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Decred in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. Note that the Decred information on this page should be used as a complementary analysis to other Decred's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Other Tools for Decred Crypto Coin

When running Decred price analysis, check to measure Decred's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Decred is operating at the current time. Most of Decred's value examination focuses on studying past and present price actions to predict the probability of Decred's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Decred's coin price. Additionally, you may evaluate how adding Decred to your portfolios can decrease your overall portfolio volatility.
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