Coin of the day is Decred.
One of few gainers on today's stagnating market.
Despite that take-off from the 0.012 level, which we were waiting on 29 of May did not happen, the coin is staying in a bullish pattern, holding above the 0.012 level and gradually rises.
Exchanges started to add Decred pairs with USDT, which is a positive sign, as it will bring capitalization higher.
Decred is positioning as more honest and close to the people bitcoin pretender.
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.
Latest news
Techncals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Gradual rising after 0.012 level brought the pair above the 0.013 level. Movement is going on inside the triangular pattern, between established from 25.07 Bullish Trend Line and Bearish Trend Line starting from the peak on 23.05. Breakthrough of this line will wend the pair to test past high at 0.0145 and 0.015 resistance afterward. From the downside, 0.012 – 0.013 zone should play a supportive role.
One of few gainers on today's stagnating market.
Despite that take-off from the 0.012 level, which we were waiting on 29 of May did not happen, the coin is staying in a bullish pattern, holding above the 0.012 level and gradually rises.
Exchanges started to add Decred pairs with USDT, which is a positive sign, as it will bring capitalization higher.
Decred is positioning as more honest and close to the people bitcoin pretender.
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.
Latest news
- May 25 – Bittrex added DCRUSDT trading pair.
- June 1 – Upbit added DCRUSDT trading pair.
Techncals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Gradual rising after 0.012 level brought the pair above the 0.013 level. Movement is going on inside the triangular pattern, between established from 25.07 Bullish Trend Line and Bearish Trend Line starting from the peak on 23.05. Breakthrough of this line will wend the pair to test past high at 0.0145 and 0.015 resistance afterward. From the downside, 0.012 – 0.013 zone should play a supportive role.
