DCR Surges 25% After Being Listed On Binance
Imagine all the altcoins that wish they could get listed on the biggest exchanges like Coinbase and Huobi. But the biggest exchange is Binance and so for an altcoin to get on there must be a magnificent boost for the coin.
The latest listing to get on the aforementioned crypto exchange is Decred and while the rest of the market is still in a tough spot, Decred seems to have shot for the stars. According to CoinMarketCap, DCR has surged by nearly 25% in less than two hours after the announcement and it is currently trading at $48.06 at the time of writing. This is its highest price since earlier in August this year.
In the announcement it stated:
âBinance will open trading for DCR/BNB and DCR/BTC trading pairs at 2018/10/24 04:00 AM (UTC). Users can now start depositing DCR in preparation for trading.â
The team over at Decred responded to the announcement through their official Twitter handle which you can see below:
Ethereum World News reported that for the past two months, the price of Decred hasnât really moved and has been stuck trading sideways in a channel between $34 and $44. However, the reveal from today has lifted it above those levels as DCR almost hits $50 once more.
Like most digital currencies at this time, Decred dropped from January. However, after the resurrection today the loss results in around 60%. If you compare this to other major altcoins such as Cardano which fell by about 94%
According to the official website of the crypto, Decred is an âopen and progressive cryptocurrency with a system of community-based governance integrated into its blockchain.â With this governance and a hybrid consensus model of PoW and Pos which makes it unique from Bitcoin and other virtual currencies.
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