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Decred Price Prediction | Forecast for DCR

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Table of Contents:

  1. Coin prognosis
  2. What is Decred coin?
  3. Future price prediction
  4. Frequently asked questions
  5. Historical Price Data
  6. Where to buy DCR

Possible bullishness on Decred Up Only

Our coin price forecasting algorithm indicates bullishness on the DCR/USD pair. This means it will do well in the near to long term. This page will offer an in-depth look on short-term and mid to long-term price predictions/possible price movements for Decred, using ranking algorithms that are based on Historical price data.

DCR Price $20.2839 USD
Price Change24h $0.9936 USD (5.15%)
24h Low / 24h High $19.0771 / $24.2576 USD
Trading Volume24h $129,603 USD
MarketCap $294,996,224 USD

What is Decred? Fundamental Analysis

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.

Decred price prediction

Future price prediction

Date Price Possible movement
Dec 2, 2022 $24.2576 Neutral
January, 2023 $ 28.0451 USD Upside
February, 2023 $ 25.4821 USD Upside
March, 2023 $ 28.6346 USD Upside
June, 2023 $ 36.2267 USD Upside
December, 2023 $ 106 USD Upside

DCR Crypto Price Forecast: Frequently Asked Questions

Question Answer
Will Decred rise today? Our data indicates Decred will rise today. It's already higher than it's opening price. That's a great sign
What will be the highest price of Decred (DCR) in future? Our analysis shows a possible all time high of $106.1014 USD
Will Decred (DCR) price increase in future? Our prognosis shows Decred (DCR) will increase exponentially in future, attaining a possible coin price of $106.1014 USD
Will an Investment in Decred (DCR) be profitable or make a loss? Decred will be a profitable investment in the next 1 year, giving hodlers a good return.
What will be the highest price of Decred (DCR) in future? $106.1014 USD
Will the price of Decred (DCR) move downward in future? Up only
At the end of the year, what will be the price of 1 Decred? Our algorithms indicates an end of year price of 1 DCR = $106.1014 USD.
What is the Decred price prediction for 2025? By the year 2025, the price of one DCR could be as high as $530.5069 USD
Decred price prediction for 2030? Too hard to predict. The crypto market changes rapidly. Hence, s lot can change between now and 2030.
Where do I buy Decred? We painstakingly listed out some great options for you. Purchase DCR coin here →

Historical Price Data (USD)

Pay close attention to daily volume flutuations. Rising volume like Decred has is a great indication it will do well in the short term.

Date Price Volume
November 29, 2022 $19.38 $638,679
November 28, 2022 $19.82 $178,373
November 27, 2022 $20.42 $102,796
November 26, 2022 $19.88 $155,164
November 25, 2022 $20.37 $46,242
November 24, 2022 $21.07 $176,832
November 23, 2022 $19.62 $424,087
November 22, 2022 $18.53 $85,162
November 21, 2022 $18.82 $111,391
November 20, 2022 $19.55 $121,581
November 19, 2022 $19.48 $129,943
November 18, 2022 $19.53 $120,801
November 17, 2022 $20.36 $177,129
November 16, 2022 $19.51 $409,673
November 15, 2022 $19.86 $150,757
November 14, 2022 $19.67 $130,233
November 13, 2022 $20.11 $98,013
November 12, 2022 $20.82 $162,791
November 11, 2022 $21.95 $175,750
November 10, 2022 $19.21 $655,867
November 9, 2022 $23.33 $392,356
November 8, 2022 $26.96 $383,537
November 7, 2022 $27.5 $99,857
November 6, 2022 $28.05 $141,848
November 5, 2022 $28.24 $122,759
November 4, 2022 $26.9 $146,616
November 3, 2022 $26.56 $141,943
November 2, 2022 $26.97 $207,225
November 1, 2022 $27.21 $156,454
October 31, 2022 $27.52 $114,922

Where and How to Buy Decred (DCR) Coin

There are 3 steps to purchasing Decred. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2022 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase DCR directly with USD. They are: BitTrex, Yobit, .
  2. Move the Bitcoin to an Exchange that supports DCR: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the DCR/BTC trading pairs.
    At the moment, DCR is currently available for purchase with Bitcoin at HuobiPro, HitBTC, huobikorea, Kucoin, Yobit, Binance, BitTrex, HuobiPro, Poloniex, OKEX, Exmo, HitBTC, huobikorea, Gateio, Kucoin, Bleutrade, CoinEx, .
  3. Buy Decred on the Exchange: Now, you can buy Decred with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different DCR pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
BitTrex DCR/USD $42,685 USD A
Yobit DCR/USD $25 USD D

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance DCR/BTC 93.7805 BTC A
BitTrex DCR/BTC 2.2161 BTC A
HuobiPro DCR/BTC 4.2383 BTC A
Poloniex DCR/BTC 3.2935 BTC A
Exmo DCR/BTC 0.2670 BTC BB
HitBTC DCR/BTC 10.1425 BTC B
huobikorea DCR/BTC 3.0307 BTC B
Gateio DCR/BTC 0.1732 BTC B
Kucoin DCR/BTC 0.8120 BTC B
Bleutrade DCR/BTC 0.1007 BTC B
CoinEx DCR/BTC 16.9833 BTC C

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
HuobiPro DCR/ETH 34.3203 ETH A
huobikorea DCR/ETH 32.9983 ETH B
Kucoin DCR/ETH 4.6439 ETH B
Yobit DCR/ETH 0.0199 ETH D

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