Decred is trading at 20.52 as of the 19th of April 2024, a 1.99% increase since the beginning of the trading day. Decred has more than 65 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Decred are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Decred is peer-to-peer digital currency powered by the Blockchain technology. More on Decred
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 expressing a bullish 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 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 6 exchanges in multiple currencies. Decred (DCR) is a hybrid PoW/PoS blockchain-based cryptocurrency, designed to ensure community involvement, open governance, and sustainable development funding. Stakeholders, or DCR holders, play a pivotal role in determining consensus rules, the blockchain's evolution, and treasury funds allocation. Block rewards in Decred are split between PoW miners (10%), stakeholders (80%), and the Decred Treasury (10%). Stakeholders can stake their DCR for voting tickets, which grants them the power to vote on rule change proposals and approve PoW miners' work. The Decred Treasury's usage is decided via Politeia proposals and voting by live ticket holders. Launched in 2016 by co-founders including Alex and Jake Yocom-Piatt, Decred aims to create a truly decentralized cryptocurrency governed actively by its community.
Algorithm
BLAKE256
Coin Type
Decred
Proof Type
PoW/PoS
Industry
Financial and Insurance Activities
FINMA
Payment
FCA
Exchange
Access
Permissionless
Collateralized Asset
No
Symbol
DCR
Difficulty
3.55 Billion
Technology Adoption Rating
C+
Market Performance Rating
D-
Name
DCR
Sponsored
false
Block Reward
0.83955689
Block Time
265
Is Trading
true
Algorithm Type
blake-256
Net Hashes Per Second
13.4 Million
Asset Launch Date
2016-02-08
Full Name
Decred (DCR)
Asset Website Url
https://decred.org/
Block Number
861,856
Platform Type
blockchain
Coin Name
Decred
Total Coins Mined
16 Million
Decred (DCR) is traded on CRYPTO Exchanges. Decred is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Micro-Cap' category with a current market capitalization of 12.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Decred's market, we take the total number of its shares issued and multiply it by Decred's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
What are Decred's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Decred jumping above the current price in 90 days from now is about 55.46%. 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 the crypto coin has a beta coefficient of 1.8991 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Decred will likely underperform. Additionally, decred has an alpha of 0.5293, implying that it can generate a 0.53 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Decred to move above the current price in 90 days from now is about 55.46 (This Decred probability density function shows the probability of Decred Crypto Coin to fall within a particular range of prices over 90 days) .
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.
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 20.52, 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
The output start index for this execution was zero with a total number of output elements of sixty-one. Decred Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Decred 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. Please also check how Decred's historical prices are related to one of the top price index indicators.
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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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.
When determining whether Decred offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Decred's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Decred Crypto.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decred. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Please note, there is a significant difference between Decred's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Decred value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Decred's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.
