Decred Archives - 2100NEWS

LilyFebruary 3, 2020


DCR (Decred) as Large-cap Coin is 38th in the 2100NEWS ranking. The quality of the order book of DCR is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 13.4. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.


About coin

DCR has been launched in 25 exchanges.

DCR as Large-cap Coin is 38th in 2100NEWS ranking (after Index Review of 17th January 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.


2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.4, (Average for Large caps: 13.3)

Over the past week, the average market cap was $200.8 million, average daily volume was $51.1 million.


To make appropriate peer comparison we gauged the DCR (Decred) coin with 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, at the top we can see the DCR vs. NWSCo100, in the middle of the chart is the original DCR price, at the bottom of the chart are NWSCo100 and correlation between DCR and NWSCo100. On average (purple area graph), the relationship between DCR and NWSCo100  has shown that DCR was stronger in November and December but weaker in January, in the last four months, it has declined by 18% vs NWSCo100. At a time of strong NWSCo100 rally in January, DCR, despite its growth, failed to keep up with the growth of the index. However, comparing the DCR green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is moderate (Pearson’s correlation coefficient = 0.45).  In the last four months, DCR as an index member has been an ordinary representative of the NWSCo100 index in terms of price changes.

2100NEWS observation:

Decred was created to be a better version of Bitcoin. They are dedicated to improving privacy. Recently they have launched The Lightning Network (LN) which was originally designed to make fast and cheap microtransactions on Bitcoin possible. They are aware of the importance of the community. Through various instructions and guides (written and video), they try to help users become more involved in the project. On Twitter they have 40.9K followers.


About Decred – what they do

Decred is a secure, adaptable and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. The project mission is to develop technology for the public benefit, with a primary focus on cryptocurrency technology. It utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining system to ensure that a small group cannot dominate the flow of transactions or make changes to Decred without the input of the community. A unit of the currency is called a decred (DCR).

The most powerful differentiator of Decred are its governance mechanisms, including Politeia. Everyone is welcome to contribute thoughts and ideas informally on its discussion platforms and social media, but formal decisions are made in Politeia by those who contribute through PoS.

Decred uses a novel autonomous contractor model that allows for new individuals, groups, and companies to be paid for contributing to the project. Decred’s longstanding developers are open source software veterans and enthusiasts, and so Decred’s way of organizing and funding development is designed to fit with the open source ethos. Autonomy of contributors and meritocracy are the key principles around which work on Decred is organized.

Their principles: Free and Open-Source Software, Incremental Privacy and Security, Free Speech and Consideration, Multi-Stakeholder Inclusivity.


General information

Decred based in Chicago, USA was launched by Company 0. Decred’s beginnings date back to 2013 to actually come to life in February 2016. Jake Yocom-Piatt is the founder and CEO.


Exchanges: Binance, BitAsset, Bittrex, Bitvavo, BKEX, Braziliex, Coinall, CoinEx, DragonEX, Exmo, FEX,, HitBTC, Huobi Global, Huobi Korea, KuCoin, Livecoin, MXC, OceanEx, OKCoin, OKEx, Poloniex, Upbit, VCC Exchange, YoBit.



You can follow them:     Twitter     Medium     Reddit


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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins DCR.

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