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Decred Price Prediction | Forecast for DCR

Go to: Buy DCR

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 uptrend 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.

DCR Price $21.2900 USD
Price Change 24hours $-0.3300 USD (-1.53%)
24h Low / 24h High $20.9258 / $21.7800 USD
Trading Volume 24hours $10,820 USD
Market Cap $310,197,824 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
Jan 31, 2023 $21.7800 Neutral
March, 2023 $ 21.1969 USD Downside
March, 2023 $ 23.8680 USD Upside
May, 2023 $ 29.4507 USD Upside
July, 2023 $ 24.2716 USD Upside
January, 2024 $ 76.9149 USD Upside

DCR Crypto Price Forecast: Frequently Asked Questions

Question Answer
What will be the highest price of Decred (DCR) in future? Our analysis shows a possible all time high of $76.9149 USD
Will Decred (DCR) price increase in future? Our prognosis shows Decred (DCR) will increase exponentially in future, attaining a possible coin price of $76.9149 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? $76.9149 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 = $76.9149 USD.
What is the Decred price prediction for 2025? By the year 2025, the price of one DCR could be as high as $384.5743 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? Purchase DCR coin here →

Historical Price Data (USD)

Rising volume like Decred has is a great indication it will do well in the short term.

Date Price Volume
December 10, 2022 $21.17 $30,292
December 9, 2022 $20.98 $128,243
December 8, 2022 $20.46 $81,256
December 7, 2022 $21.29 $95,779
December 6, 2022 $21.5 $124,575
December 5, 2022 $21.48 $297,629
December 4, 2022 $20.86 $69,557
December 3, 2022 $21.92 $120,287
December 2, 2022 $21.05 $508,245
December 1, 2022 $20.54 $248,190
November 30, 2022 $19.88 $182,612
November 29, 2022 $19.38 $642,356
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

Steps to buy Decred (DCR) in 2023

  1. Buy DCR with USD: Purchase DCR with USD on the following exchanges: BitTrex, Yobit, .
  2. Buy Bitcoin directly on Coinbase, Binance or Paypal
  3. Send the BTC to an Exchange that supports DCR/BTC pair. You can buy DCR with Bitcoin at HuobiPro, HitBTC, huobikorea, Kucoin, Yobit, Binance, BitTrex, HuobiPro, Poloniex, OKEX, Exmo, HitBTC, huobikorea, Gateio, Kucoin, Bleutrade, CoinEx, .
  4. Now, Buy Decred with BTC: Below is a detailed breakdown of exchanges that support Decred and their trading.

Exchanges that support DCR/USD Pair

Exchange Trade Pair Rating

Exchanges that trade DCR/BTC Pairs

Exchange Trade Pair Rating
Binance DCR/BTC A
HuobiPro DCR/BTC A
Poloniex DCR/BTC A
huobikorea DCR/BTC B
Gateio DCR/BTC B
Kucoin DCR/BTC B
Bleutrade DCR/BTC B

Exchanges that allow DCR/BTC trading

Exchange Trade Pair Exchange Grade
HuobiPro DCR/ETH A
huobikorea DCR/ETH B
Kucoin DCR/ETH B

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