intermediate
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) Overview
Our real-time DCR to USD price update shows the current Decred price as $17.67 USD.
Our most recent Decred price forecast indicates that its value will increase by 1.81% and reach $17.99 by May 08, 2023.
Our technical indicators signal about the Bearish Bullish 3% market sentiment on Decred, while the Fear & Greed Index is displaying a score of 60 (Greed).
Over the last 30 days, Decred has had 13/30 (43%) green days and 6.85% price volatility.
Decred (DCR) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Decred (DCR) Price Prediction For Today, Tomorrow and Next 30 Days
Decred Prediction Table
Decred Historical
According to the latest data gathered, the current price of Decred is $$17.59, and DCR is presently ranked No. 126 in the entire crypto ecosystem. The circulation supply of Decred is $262,527,463.32, with a market cap of 14,928,178 DCR.
In the past 24 hours, the crypto has increased by $0.94 in its current value.
For the last 7 days, DCR has been in a good upward trend, thus increasing by 6.78%. Decred has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of DCR has increased by 16.82%, adding a colossal average amount of $2.96 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Decred Price Prediction 2023
According to the technical analysis of Decred prices expected in 2023, the minimum cost of Decred will be $14.63. The maximum level that the DCR price can reach is $20.33. The average trading price is expected around $26.02.
DCR Price Forecast for May 2023
Based on the price fluctuations of Decred at the beginning of 2023, crypto experts expect the average DCR rate of $16.61 in May 2023. Its minimum and maximum prices can be expected at $14.81 and at $18.42, respectively.
June 2023: Decred Price Forecast
Cryptocurrency experts are ready to announce their forecast for the DCR price in June 2023. The minimum trading cost might be $14.63, while the maximum might reach $22.02 during this month. On average, it is expected that the value of Decred might be around $18.32.
DCR Price Forecast for July 2023
Crypto analysts have checked the price fluctuations of Decred in 2023 and in previous years, so the average DCR rate they predict might be around $20.52 in July 2023. It can drop to $18.02 as a minimum. The maximum value might be $23.02.
August 2023: Decred Price Forecast
In the middle of the year 2023, the DCR price will be traded at $21.02 on average. August 2023 might also witness an increase in the Decred value to $24.02. It is assumed that the price will not drop lower than $18.02 in August 2023.
DCR Price Forecast for September 2023
Crypto experts have analyzed Decred prices in 2023, so they are ready to provide their estimated trading average for September 2023 — $21.52. The lowest and peak DCR rates might be $18.02 and $25.02.
October 2023: Decred Price Forecast
Crypto analysts expect that at the end of summer 2023, the DCR price will be around $21.52. In October 2023, the Decred cost may drop to a minimum of $19.02. The expected peak value might be $24.02 in October 2023.
DCR Price Forecast for November 2023
Having analyzed Decred prices, cryptocurrency experts expect that the DCR rate might reach a maximum of $22.02 in November 2023. It might, however, drop to $18.02. For November 2023, the forecasted average of Decred is nearly $20.02.
December 2023: Decred Price Forecast
In the middle of autumn 2023, the Decred cost will be traded at the average level of $23.02. Crypto analysts expect that in December 2023, the DCR price might fluctuate between $20.02 and $26.02.
Decred Price Prediction 2024
After the analysis of the prices of Decred in previous years, it is assumed that in 2024, the minimum price of Decred will be around $32.72. The maximum expected DCR price may be around $38.93. On average, the trading price might be $33.68 in 2024.
Decred Price Prediction 2025
Based on the technical analysis by cryptocurrency experts regarding the prices of Decred, in 2025, DCR is expected to have the following minimum and maximum prices: about $48.20 and $57.78, respectively. The average expected trading cost is $49.88.
Decred Price Prediction 2026
The experts in the field of cryptocurrency have analyzed the prices of Decred and their fluctuations during the previous years. It is assumed that in 2026, the minimum DCR price might drop to $72.61, while its maximum can reach $85.77. On average, the trading cost will be around $74.61.
Decred Price Prediction 2027
Based on the analysis of the costs of Decred by crypto experts, the following maximum and minimum DCR prices are expected in 2027: $126.84 and $102.59. On average, it will be traded at $106.32.
Decred Price Prediction 2028
Crypto experts are constantly analyzing the fluctuations of Decred. Based on their predictions, the estimated average DCR price will be around $155.98. It might drop to a minimum of $150.66, but it still might reach $180.95 throughout 2028.
Decred Price Prediction 2029
Every year, cryptocurrency experts prepare forecasts for the price of Decred. It is estimated that DCR will be traded between $216.63 and $264.39 in 2029. Its average cost is expected at around $224.43 during the year.
Decred Price Prediction 2030
Cryptocurrency analysts are ready to announce their estimations of the Decred’s price. The year 2030 will be determined by the maximum DCR price of $381.08. However, its rate might drop to around $310.83. So, the expected average trading price is $319.81.
Decred Price Prediction 2031
After years of analysis of the Decred price, crypto experts are ready to provide their DCR cost estimation for 2031. It will be traded for at least $456.36, with the possible maximum peaks at $540.84. Therefore, on average, you can expect the DCR price to be around $469.15 in 2031.
Decred Price Prediction 2032
Cryptocurrency analysts are ready to announce their estimations of the Decred’s price. The year 2032 will be determined by the maximum DCR price of $781.30. However, its rate might drop to around $676.30. So, the expected average trading price is $695.06.
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 IntroductionLightning networkIntroduction Decrediton PoliteiaPrivate functionalityCreation of new decentralized autonomous entities
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 (DCR) Price Analysis
According to the latest data gathered, the current price of Decred is $$17.59, and DCR is presently ranked No. 126 in the entire crypto ecosystem. The circulation supply of Decred is $262,527,463.32, with a market cap of 14,928,178 DCR.
In the past 24 hours, the crypto has increased by $0.94 in its current value.
For the last 7 days, DCR has been in a good upward trend, thus increasing by 6.78%. Decred has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of DCR has increased by 16.82%, adding a colossal average amount of $2.96 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
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FAQ
Decred price now
As of now, Decred (DCR) price is $17.51 with Decred market capitalization of $261,335,034.65.
Is Decred a good investment?
Considering current bearish trend in Decred price movements, it is expected the cryptocurrency will continue meeting price decline. Please, invest wisely and don’t forget to DYOR when investing in any type of asset.
Can Decred rise?
It seems that the average price of Decred might reach $23.86 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $106.32. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.
How much will Decred be worth 2023?
DCR minimum and maximum prices might hit $23.16 and $25.64 accordingly.
How much will Decred be worth 2025?
Decred network is developing rapidly. DCR price forecast for 2025 is rather positive. The DCR average price is expected to reach minimum and maximum prices of $48.20 and $57.78 respectively.
How much will Decred be worth 2030?
DCR is provided with suitable environment to reach new heights in terms of price. DCR price prediction is quite positive. Business analysts predict that DCR might reach the maximum price of $381.08 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is $319.81
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/decred-dcr-price-prediction/
