Decred Price DCR
Decred Price Overview
The current Decred price is 10.260 €. The price has changed by 0.86% in the past 24 hours on trading volume of 3080657.00 €. The market rank of Decred is 265 based on a market capitalization of 171017172.00 €. Decred has a circulating supply of 16677096.38 DCR. The highest recorded Decred price is 206.440 €. And the lowest recorded DCR price is 0.412788000 €.
How do Decred price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.
Analysing Decred’s price history
Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.
Make sure your price prediction for Decred matches your long-term and short-term financial goals.
There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.
Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Decred chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.
In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.
News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?
Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.
Factors influencing the Price of Decred
Many factors affect the value of Decred.
The Decred exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.
Government regulations have a great impact on the price of Decred and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.
Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Decred in the news, monitor DCR on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.
Competition and ongoing technological changes make a difference too. Many Web3 tokens are related to established blockchains like Ethereum and Solana. Take Ethereum, for example. The Ethereum Foundation has been open about its plans for introducing new technology to the underlying blockchain. Will those innovations create an opportunity for Decred? Or will they close a technology gap, rendering Decred less valuable as an investment?
Live Decred value and market cap
The live Decred exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.
The market capitalisation of Decred is equal to the value of Decred multiplied by the number of Decred in circulation.
What payment methods can I use to buy Decred
What can you do with your Decred?
Buy Decred with euros
Exchange Decred
Use Decred
Sell Decred for euros
Earn Decred
Hold your Decred
COMPARABLE MARKET CAP
COMPARABLE TRADE VOLUME
Decred Price FAQ
What factors influence the price of Decred?
Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices. To see how Decred tracks the overall market, check out our comprehensive cryptocurrency price page.
What is the highest price of Decred in EUR?
Decred price history shows that Decred has recorded a peak value of 206.440 €.