Decred (DCR)
1. Fundamental Analysis
1.1 Introduce
Decred is an autonomous digital currency. There are three main ways to interact with Decred: The Wallet? For sending and receiving funds as well as participating in PoS mining. Proof-of-work Mining? Using computing power to validate transactions on the network and generate new Decred tokens. Proof-of-stake Mining? Using funds to vote on important network development matters and validate transactions for rewards.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | DCR | Market Cap | 244589355.4 |
| Name | Decred | White Paper | -- |
| Web Site | https://www.decred.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mainnet.decred.org/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000 | |
| Supply | 21000000 | Release Date | 2016-02-01 |
| Available Supply | 16538600 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line analysis suggests a strong downward trend with a notable bearish reversal pattern. The market may be approaching a potential bottom, but a cautious approach is recommended due to the volatility and lack of clear support levels. Future trends could see a slight upward movement in the short term, followed by a consolidation period. Long-term investors should monitor for signs of sustained upward momentum before making significant investments.
