It’s true that Decred was a great disappointment for investors in 2019. DCR price went down from $18.453 on January 1st 2019 to $16.544 on December 31 2019. However, it is worth monitoring our Decred price prediction algorithm: Decred might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, DCR might be the coin to watch closely now.
The current Decred price is $18.95, its circulating supply is 10 786 831 DCR. Our algorithm predicts that based on historical data Decred price will be at $24.13 in 1 week and $26.29 in 1 month. Our deep learning algorithm predicts the DCR price will be at $39.22 in 6 months. Analysis of the cryptocurrency market shows that Decred price may reach $40.44 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that DCR will stay around $36.47 in 2020, $40.44 in 2021, $42.70 in 2022, $48.99 in 2023 and $54.48 in 2024.
While creating the Decred prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $39.22 and lowest possible predicted price is $29.60.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Decred has the potential to stay within "survivors" team. Our Decred short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Decred Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Decred forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Decred (DCR)?
The current price of Decred is $18.95.
What is the current market capitalization of Decred (DCR)?
The current market capitalization of Decred is $204 456 959.
What will be the price of Decred (DCR) Tomorrow?
Our algorithm forecasts that the price of Decred will reach $19.99 tomorrow.
In 1 year from now what will 1 Decred be worth?
As per the forecast and algorithmic analysis, the the price of 1 Decred will be around $36.47.
Is it profitable to invest in Decred (DCR)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Decred (DCR) as a short term investment. Decred can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Decred be growing in the Future?
Decred is potentially one of the most profitable among digital coins.
How high can the Price of Decred go?
Our algorithm forecasts that the price of Decred will reach $54.48 by 2023.
Is Decred (DCR) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Decred now.
I could argue that Decred is one of the best forks of Bitcoin, mainly due to its unique consensus voting mechanism. It has other cool feats, like the cross-platform wallet and smart contracts, but the consensus vote is still the biggest deal. What's interesting about DCR is that it managed to reach its all-time high of January 2018 for the second time in May 2018, when all other altcoins had been at their very bottom. With an ROI of 1,665.81%, Decred still has plenty of upside potential.
DCR has lasted this long because it puts its sole focus on the community that it created. This was already a winning move because projects can’t exist without the backing of a community. There’s no greater folly then not paying attention to the needs of your customer/followers, so it’s a genius move by the devs over at DCR. Many other projects lack the foresight to implement truly democratic protocols into their blockchains, but DCR has already done this with great success.
Decred has been in the market for so long, but I think this lends them a lot of experience over other new projects in the space. DCR is constantly making genuine updates that benefit the community, not just the price of their coin. Most projects nowadays only cater to pump kids that want their new coin to do a 2x in a span of 24 hours. It’s time we see more projects like DCR that put real innovation of price speculation. Also, DCR is looking very healthy on the 1-week chart, as they’ve been holding steady for a significant amount of time. Some patience will surely pay off if you’re still hanging onto DCR.
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