BTC$36 221.06


ETH$2 414.43




Binance Coin


USD Coin




Decred (DCR) Price Prediction for February 2020

Alex Paulson
Alex Paulson

Crypto and Forex professional trader, analyst, contributor.


Decred can be characterized as a cryptocurrency that doesn’t make any splashes on the water. The coin hasn’t been making any loud appearances in the newsreels, except for the project’s cooperation with Feleman Limited for the development of blockchain-enabled governance solutions for African enterprises. There was also no announcement with regard to any upcoming system upgrades.

Therefore, Decred’s fundamental value is mostly irrelevant at this point. It is worth mentioning that the market capitalization of DCR remained stable for the past 3 months, revolving around the $200 million mark, which ensured the low-to-medium volatility of the coin over the same period of time. The average daily trading volume of Decred amounts to $90 million - a decent showing for the 35th cryptocurrency, given that its closest rivals, Bitcoin Gold and FTX Token have the volume that is 3 and 10-times lower, respectively.

There is only one issue with DCR, which is that 95% of its trading volume is accommodated on a single cryptocurrency exchange, BKEX - a sure sign that the currency is prone to pump-and-dump schemes, though it hasn’t been involved in any major ones as of yet.

A bit of Decred’s price history

DRC is one of the old-timers that has been around since 2013. The coin lived through the 2017 wave of mega-hype, which took it to the all- time high of $114.15, and displayed the miracle gains in the midst of the 2018 crypto winter, although the second rise in price had concluded the double top reversal pattern, which was subsequently followed by the falling trend and the correction that still lingers.

Decred’s all-time chart

Right now, the coin is struggling to exit the correction, which is understandable, given its team’s insufficient efforts at the fundamental front. 2019 was a disappointing year for Decred as it managed to produce only 2% gains against USD while having double-digit losses in comparison to two major cryptocurrencies. However, the year 2020 began relatively well as the coin gained 40+% in two weeks but then retracted back significantly, almost to the pre-rally region, having maintained only 8% of the overall gains.

DCR’s current standings and future prospects

The daily DCR/USDT chart shows that since the inception of the year, the coin had gained 47.5%, formed a false bullish flag, and now it’s falling to the previous support at $16. Presently, the coin is trying to regain its position by testing the $18 level, but judging by the fact that these efforts are accompanied by insignificant trading volume, they are most likely to be futile.

1-day DCR/USDT trading volume

Although the 14-day RSI is moving in the neutral zone, it hasn’t approached the overbought territory since last October, so a trip to the downside should happen sooner rather than later. On the chart, we see what could be the emergence of the three advancing white soldiers pattern, but any conclusions now would be far-fetched.

4-hour DRC/USDT chart

On the smaller time frame, DRC has already begun moving in the descending channel, with no substantial buying volume to provide for a breakthrough to the upside.

The bottom line is that Decred is currently a prime candidate for shorting as it’s already in the late stage of correction after a brief rally. Basically, those who bought this coin for $16 now have the last chance to close their position and take a minimal profit.


Decred (DRC) Is At the Bears' Mercy
Decred (DRC) Is At the Bears' Mercy
Decred Goes Sideways with a Stop-Loss Hunt
Decred Goes Sideways with a Stop-Loss Hunt
Decred (DCR) Price Forecast for December 2019
Decred (DCR) Price Forecast for December 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 46 $36 221.06 -2.99% -13.86% $686 064 825 763 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.6% 57 $2 414.43 -1.84% -23.13% $288 112 201 953 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000716 0.02% 0.04% $78 248 084 207 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70% 65 $368.16 -3.30% -22.95% $60 788 563 476 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999993 -0.05% -0.03% $49 084 706 161 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 70.4% 63 $1.049679 0.84% -23.02% $35 219 986 893 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 75.2% 49 $0.607404 -2.29% -18.61% $28 995 606 140 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 67.2% 63 $89.10 -5.67% -35.11% $28 064 342 302 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 66.8% 68 $58.47 -6.55% -28.94% $23 484 802 131 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 64 $0.141356 -2.08% -14.15% $18 753 744 343 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 65.2% 69 $17.62 -5.50% -28.42% $17 399 544 470 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 68 $63.26 -7.41% -25.24% $15 489 310 635 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.998998 -0.15% 0.05% $14 526 773 505 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 66.4% 72 $1.55 -2.17% -25.22% $11 572 347 692 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 70 $0.000021 -3.34% -25.29% $11 375 375 737 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.