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Decred Price Prediction

An up-to-date Decred price prediction for 2021, 2023, 2025. Wondering what is the future of DCR price? Find out Decred price forecast with historical, fundamental and technical analysis.
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Decred Fundamental Analysis

Project name
Decred
Stock Symbol
DCR
Curr. Price
122.085578
Curr. Supply/Total Supply
13427066.03299298
ROI Since Launch
No Data
Launch Date
2016-02-08
Official Website

Decred – abbreviated as DCR and short for Decentralised Credit – is a sustainable autonomously-run digital asset with changes voted on and introduced directly by those who use and mine the crypto. DCR has adapted the most-liked features of Bitcoin combining them with total decentralization, democratic self-governance, and responsive framework. DCR was created by the same team that was involved in the early stages of Bitcoin development and who created btcdsuite, a Bitcoin implementation in Go. The developers identified an inefficiency in the way BTC works: the decision-making process behind the crypto became excessively centralized and significant changes and upgrades were no longer possible without a hard fork. The team thus embarked on a quest to make Decred everything that Bitcoin could have been but failed in the long run. The team behind DCR is focused on keeping its decentralized community motivated to contribute. Unlike many other blockchains, Decred allows anyone to submit a proposal for improvement, which is voted on Politeia by the stakeholders who decide if it is approved or not. Once the improvement is approved by the Assembly, it is developed and tested before being added to the original code as “dormant code”. After this, the community of miners and stakers can vote on the improvement. Tracking is done through Politeia – an unregulated time-stamped software. Successfully passing an improvement required a 75% majority. If the majority cannot be reached, the voting is started over. Another innovation implemented by Decred is the Lightning Network, which operates as an off-blockchain means of resolving payments. This decentralized network uses smart contracts to enable instant transactions across a network of participants.

Decred Technical Analysis

Despite the fact that 100% accurate technical analysis for Decred cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DCR buy-and-sell rating for selected timeframe. The summary for DCR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Decred Price Prediction

Below we have collected the most reliable price projections for Decred (DCR) from popular forecast platforms.

#1. WalletInvestor DCR Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Decred price will grow from $122.085578 to $237.926 in one year. That makes DCR an awesome investment. The long-term earning potential is 94.88%. Predicted price for the end of 2026 is $719.745.

#2. TradingBeasts DCR Price Prediction for 2022

Answering the question about if Decred is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $119.600 with a reduction to $112.920 by the end of 2022.

#3. DigitalCoin DCR Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Decred cryptocurrency will rise in the next 5 years starting from $123.4027837 as of today’s price to $435.9088285. It will go up to $207.9952759 by 2022 and continue its growth in 2023-2024. Based on this forecast, Decred is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, Decred (DCR) projections are rather contradictory. There is no universal consensus either about positive or negative future DCR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Decred projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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.

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