Decred (DCR) is a completely open and self-financing crypto project, which was launched on December 15, 2015. Its control system was created on the basis of blockchain. Experts say that this is a hybrid of two principles, PoW/PoS. Thus, the consensus is reached between miners and voters. This project was created with the idea of full and open participation of all comers. This is a cryptocurrency chip and the creators focus on this particular component before the ICO.
Decred places the main emphasis on joint autonomous control based on voting and minimizing hard forks, as well as higher network decentralization, simpler mining on video cards and faster cheaper transactions compared to bitcoin. There is also support for atomic transactions between DCR, BTC, and LTC.
The coin is called the new advanced Bitcoin. Is it? And what awaits the coin in the near future? Everything in our new DCR price forecast for 2020-2025 by Changelly!
Decred (DCR) Fundamental Value
Decred is community-driven much more than other similar projects. And with the introduction of the Politeia update, the project has no guidance at all in the traditional sense of the word.
Since its founding in 2016, the Decred project has achieved a lot. In the second quarter of 2017, the development team created blockchain-based timestamps; in the third quarter of the same year, it made atomic swaps with Bitcoin and Litecoin, and in October 2018 launched Politeia.
The following goals in the roadmap include:
- Android Wallet and Trezor Introduction
- Lightning network
- Introduction Decrediton Politeia
- Private functionality
- Creation of new decentralized autonomous entities
|Curr. Supply / Total Supply||10,310,665 DCR / 21,000,000 DCR|
|ROI since launch||2,301.74%|
|Launch date||February 2016|
When the Decred cryptocurrency was launched, it was pre-mine, a one-time issue of a certain number of coins. The output amounted to 1.68 million DCR, which amounted to 8% of the maximum possible emission of 21 million DCR. The coins received were distributed as follows:
- 840 thousand coins – a reward to the developers of the project;
- 840 thousand coins – distributed according to the Airdrop program to active users who have contributed to the popularization of the platform.
Initial funding was provided by honest investors and Company Zero. The cost of the project amounted to 0.3 million USD, half of the amount is the salary of programmers, and another half is operating expenses.
During the pre-mine, all coins were given as payment or were sold at a price of 0.49 USD. Accordingly, the developers did not receive free coins and for them, there is a restriction on the sale of coins for one year. For Company Zero, this restriction is two years.
The AirDrop program was carried out until the beginning of 2016. To participate, it was necessary to apply. Under this program, 4% of DCR coins of the total issue were distributed. Participants underwent a rigorous selection process and not everyone was able to participate.
Decred Price History
The largest increase in the DCR cryptocurrency rate occurred in early 2017, after which it grew until the summer of 2018 when the rate was affected by stagnation in the cryptocurrency market.
Although the cryptocurrency market itself is volatile, the Decred coin (DCR) shows even less constancy. After the launch in February 2016, the DCR price tag slowly fell both in relation to BTC and in relation to USD. In early 2017, the price steadily went up, reaching its maximum relative to Bitcoin – about 0.0178 BTC. For this six-month period, the price tag of a coin in BTC has grown 38 times, and in dollars 95 times. The reasons for this growth are not completely clear.
The first price jump occurred on March 26, 2017, when the HolyTransaction wallet added the support of Decred (DCR) cryptocurrency.
The second huge rise was associated with new trading pair DCR-USDT on Bittrex exchange:
Decred (DCR) Technical Analysis
Well, there is not actually any technical analysis expertise of Decred (DCR) cryptocurrency. However, here is the aggregate rating for DCR from several traders & analysts on TradingView.
Decred Community Reputation
Decred is the epitome of everything that Bitcoin should have been from the start. Users saw Decred as the best achievement of decentralization and democratic decision-making in a peer-to-peer network, capable of quickly responding to attacks or new requests from the network community.
On the other hand, sceptics doubt that Decred has brought something new and unique to the blockchain world. Other cryptocurrencies also have their own methods for fulfilling the needs of the community and it is not completely clear why, at the same time, choose Decred instead of another already established crypto.
Let’s look at the advantages and disadvantages of cryptocurrency. The following points are the pros:
- Experienced development team. The backbone of the Decred team is the people who created extensions for the Bitcoin blockchain in the early stages of its development. So they know how to work with blockchain systems.
- Support for ordinary users and famous personalities. The Decred project has very serious support. Moreover, the number of fans of the described cryptocurrency continues to grow.
- High level of security. Blockchain is well protected from scammers and crackers.
- An interesting and reliable platform management system.
- Refusal of developers from ICO and artificial increase of the Decred price.
Decred also has its drawbacks. Here they are:
- Developers are still advance the project. And while it is not known how the final product will look.
- Weak marketing. Decred authors pay more attention to the actual development, rather than marketing. It appeals to many users. But advertising is also important.
- High competition. The main competitor of Decred is Bitcoin, digital gold. And that’s it.
If we combine the Google trend DCR chart with the price of a coin, we can see a similar trend:
Influencers’ Views on Decred
Charlie Lee, the creator of Litecoin, call Decred coin ‘promising’:
Tone Vays claim the Decred to be a scam:
There is no actual opinion about DCR price. The average forecast is $26 in 2020. According to several sources, Decred cryptocurrency price can reach $31 but with the correction to $23.
What to expect from Decred in late 2020-2025
DCR, like most other coins, reached its maximum rate in January 2018, it again returned to its previous heights in a couple of months. Thus, those who picked it up in April for 37.6 already in May could sell for 118.03, that is, earn more than 213% on full liability.
Decred is an interesting cryptocurrency that has repeatedly surprised us with its growth this year and, apparently, will surprise us again and again. According to many, this coin is very underestimated and can be a good long-term investment. In her advantages, she can write an active and competent team, a competent management system, maximum decentralization, support for atomic swaps with Bitcoin and Litecoin, as well as potential support for anonymity and the Lightning Network.
The main value of DCR at the moment is that it offers a more reasonable control model than BTC. Thanks to shared mining methods, Decred can more efficiently achieve a combination of decentralization and user interests.
The development team is familiar with cryptocurrencies and has sufficient development experience. To understand what awaits the project further, it is necessary to do development, the fulfilment of plans and promises, as well as the conclusion of partnerships with other companies.
Buy DCR at Changelly with USD, EURO or GBP
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.