Coin of the day is Decred
One of the few coins that have been drawing a bullish chart since the beginning of 2018. The reasons for such positive behavior are complex: the primary idea of Decred team – to fix the main governance problems of Bitcoin, trustworthy team and the promising roadmap, it's all matters.
Decred(DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The coin is based on Proof of activity (POA) algorithm, an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Technicals
Correction of the 0.015 high, which was reached on the 15th of July, seems to start turning around recently. After the breakthrough of the Bullish Resistance, DCR showed a sustained growth for the last three days, breaking above 0.001 level and 100-days EMA on the way. For now, the coin is trading on the 100-days EMA, and if the price manages to hold on above this level, we could see a further growth to the next resistance at the 0.012 level.
One of the few coins that have been drawing a bullish chart since the beginning of 2018. The reasons for such positive behavior are complex: the primary idea of Decred team – to fix the main governance problems of Bitcoin, trustworthy team and the promising roadmap, it's all matters.
Decred(DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The coin is based on Proof of activity (POA) algorithm, an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Technicals
Correction of the 0.015 high, which was reached on the 15th of July, seems to start turning around recently. After the breakthrough of the Bullish Resistance, DCR showed a sustained growth for the last three days, breaking above 0.001 level and 100-days EMA on the way. For now, the coin is trading on the 100-days EMA, and if the price manages to hold on above this level, we could see a further growth to the next resistance at the 0.012 level.
