Can Decred (DCR) Recover 500% Jump In The Market? - Kakiforex.com - Financial Market Media No. 1 in the World Can Decred (DCR) Recover 500% Jump In The Market? Can Decred (DCR) Recover 500% Jump In The Market?
InstaForex

July 15, 2021

Can Decred (DCR) Recover 500% Jump In The Market?

 Decred is a blockchain -based cryptocurrency created to facilitate open governance, community interaction, and have a sustainable funding policy.


Launched in February 2016 by Jake Yocom-Piatt.


Interestingly, Decred serves as an innovative project because it bets on the decentralized nature of blockchain technology to prevent a monopoly on voting status within the project itself.


However, Decred uses a hybrid consensus mechanism, which combines both a proof-of-work (PoW) mechanism and a proof-of-stake model (PoS).


Next, take a look at the current movement chart of the DCR/USDT price.


The price movement can be seen to have managed to produce an increase of more than 500% in the market 2021 recorded the latest all -time high (ATH) reached the price level of $ 250 on April 17 last.



From a technical point of view, the DCR price movement is seen to be moving weakly either making a correction or continuing the lower decline.


For the next expectation, if the price movement remains with the movement, it may be heading to the RBS zone (resistance become support) around $ 110 again to be tested.


However, if the price movement shows an uptrend, the price movement will re -test the SBR zone (support become resistance) around $ 120 before continuing to higher levels.


At the time of writing, DCR/USDT is trading at a price of around $ 116 down over 7% in the last 24 hours. Coins are currently ranked 51st in the crypto market.