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Decred (DCR) hit bottom and it’s bouncing back vigorously: here is where to buy the DCR token

By:
on Dec 20, 2021
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  • Decred (DCR) is currently trading at about $74.53.
  • It is up 5.41%in the last 24 hours.
  • Here is a quick guide on where to buy the DCR token.

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After falling since the beginning of September, Decred (DCR) token looks like it hit bottom after today’s early morning jump that saw it hit a high of $112.32 before slightly pulling back to the current price.

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The bounce-back was long overdue since most analysts believed the previous dip wasn’t justified and the token was supposed to be rising instead.

To help investors and traders who are eyeing to buy and hold Decred (DCR) coin, Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy Decred (DCR)

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Binance

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Binance is a prominent global cryptocurrency exchange platform that provides a venue for buying, selling, and trading a vast array of digital currencies. Founded in 2017, it has quickly risen to become one of the largest platforms in terms of trading volume. Binance offers a variety of services including a crypto wallet, margin trading, and futures trading, catering to a diverse user base from casual traders to institutional investors.

Register with Binance instantly

OKX

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OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

Register with OKX instantly

What is Decred (DCR)?

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Decred (DCR) is the native token of the Decred protocol.

The Decred protocol is a blockchain protocol that was created to facilitate open governance, sustainable funding policies, and community integration.

All transactions and changes made to the Decred protocol must be approved by the Decred community.

Decred utilized most of Bitcoin’s principles

Should I buy the DCR coin today?

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If you are looking for a cryptocurrency that has shown positive signs of starting a long-term bull run, then the DCR token is a good choice after today’s bounce back.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

Decred price prediction

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Though it is difficult to predict crypto prices due to their market volatility, analysts believe the DCR token has hit its bottom after the recent pullback and the coin is expected to continue with the Bull Rally it started today till the end of the year.

$DCR social media coverage

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