DCR Price Prediction – Technical Analysis
Decred is a community directed superior store of value.
Decred aims to build a community-directed digital currency whose security, adaptability, and sustainability make it a superior long-term store of value. It is achieving this aim by building the world’s first truly decentralized autonomous organization. This has led to an increase in DCR price.
Decred employs an innovative hybrid Proof-of-Work/Proof-of-Stake system that layers security and carefully aligns incentives. This system yields the best of both worlds, making it an order of magnitude more expensive to attack than pure Proof-of-Work or pure Proof-of-Stake.
Decred’s built-in governance systems empower its community with formal rights to make consensus changes and manage project-level decisions. These systems make Decred adaptable, allowing it to evolve per the will of the stakeholders, resist forks and incorporate new technology over the long run.
Decred continuously funds its treasury with 10% of each block reward and employs a flexible contractor model that allows contributors to receive compensation for their work. This makes Decred a sustainable and self-funded Decentralized Autonomous Organization.
Let us review DCR price.
DCR Price Prediction
DCR is currently trading above the support area of $129.33. As long as it stays above this support, we could start seeing a move towards $145.79, $163.65, $171.63, $197.46 and $239.26. If it can break the resistance at $239.26, we could start seeing a move towards $306.89 and $374.52. Failure to hold the support at $129.33 could lead to a drop towards $105.61 and $85.42.
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