- Bullish DCR price prediction ranges from $30.7 to $79.4.
- DCR price might also reach $80 this 2022.
- DCR’s bearish market price prediction for 2022 is $19.7.
Decred is a cryptocurrency that also takes the name “Evolved Money.” It was forked with the same coding as Bitcoin but allowed its holders the capacity to determine how it’s used. Its native coin is denoted as DCR.
Decred investors are bullish on the token since it has a return on investment (ROI) of over 63 times in the past six years. The crypto bubble in 1 led to an increase in the price of DCR to its present all-time high (ATH) of $250.02, attained in April 2021. Irrespective of the recent crypto winter which led to a dip in the price of most cryptocurrencies, DCR investors are confident that the future of DCR is bullish.
If you are interested in the future of Decred (DCR) and want to know the price analysis and prediction of DCR for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Decred (DCR)?
Decred is a cryptocurrency that also takes the name “Evolved Money.” It was forked with the same coding as Bitcoin but allowed its holders the capacity to determine how it’s used. Its native coin is denoted as DCR. In the past few days, the average transaction fee for Decred (DCR) transfers has been $0.02.
Although Decred was started in 2013 by a team in a cryptocurrency forum called BitcoinTalk, it was launched in February 2016. The team comprises 14 blockchain engineers, eight website designers, and 19 marketers. Some factors that led to its creation with Bitcoin coding and specification include the reward system, community governance and participation, and the necessity to combine a hybrid consensus mechanism.
At the moment, Decred uses the Bitcoin Proof-of-Work (PoW) consensus mechanism for mining the coin and the Proof-of-Stake (PoS) consensus mechanism to vote on proposals and upgrades. Holders of Decred coin DCR can use it to pay for transaction fees, approve blocks, fund the project and even convert to cash through centralized exchanges.
Some ways that the Decred project differs from the Bitcoin blockchain. However, both have an equal maximum supply of 21,000,000 coins, including a block time of 5 minutes instead of a Bitcoin block time of 10 minutes, mining difficulty adjusted every 12 hours instead of Bitcoin 2 weeks mining difficulty adjustment duration, and block reward allocation to miners, stakers and for the treasury in the ratio of 6:3:1 while Bitcoin mining reward goes 100% to miners.
Decred (DCR) Current Market Status
The maximum supply of Decred (DCR) is 21,000,000 DCR, while its circulating supply is 14,369,819 DCR, according to CoinMarketCap. At the time of writing, DCR is trading at a $25.54 price, representing 24 hours increase of 4.45%. The trading volume of DCR in the past 24 hours is $19.6 million, which means a 775% increase.
Some top cryptocurrency exchanges for trading Decred (DCR) are Binance, Kucoin, Bittrex, Gate.io, and others.
Now that you know what DCR is and its current market status, we shall discuss the price analysis of Dcred (DCR) price prediction for 2022.
Decred (DCR) Price Analysis 2022
Currently, DCR is ranked in the 93rd position on CoinMarketCap. Will developments and upgrades within the Decred community lead to a rising in the price of Decred (DCR)? We shall see in this CoinEdition price analysis 2022 article.
Decred (DCR) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Decred (DCR), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of DCR might be sustained before any reversal would be expected.
Decred (DCR) Price Analysis- Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Decred (DCR) 1day chart of DCR/USDT is at 42.86. This shows that DCR is offering a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Decred (DCR) Price Analysis-Moving Averages
The chart above shows the 1Day chart of DCR 200-day and 100-day Moving Average (MA). The recent uptrend indicates that DCR is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Decred (DCR) might experience a significant rise or fall in the future.
Decred (DCR) Price Prediction 2022
By looking at the daily chart of DCR/USDT, the DCR price was swinging from $42.3 resistance2 to $30.7 resistance1 after touching the support level at $19.7. It reversed from the support level of $19.7 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term DCR price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect DCR to reach $80 in 2022.
Decred (DCR) Price Prediction-Resistance and Support Levels
This bullish chart shows that the price of DCR has decreased by 11.8% in the past 30 days. If this price decrease reverses, DCR could break the $30.7 resistance1 level and move higher to $79.4 at the resistance6 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of DCR might be dethroned from its present uptrend position. In simpler terms, DCR might trend below the $19.7 support level and even lower in 2022, a bearish signal.
Decred (DCR) Price Prediction 2023
If the value of the relative strength index (RSI) of DCR is at least 65 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, which could make the Decred (DCR) price trade around $100 by the end of 2023.
Decred (DCR) Price Prediction 2024
The positive sentiment with the news of Bitcoin halving could directly impact the price of DCR. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of DCR trade at $200 by the end of 2024.
Decred (DCR) Price Prediction 2025
By the end of 2025, the price of Decred (DCR) could rise to $400. This is because of the price surge a year after Bitcoin halved. Also, more developments will be introduced since some cryptocurrency users are now attracted to viable projects supporting private transactions.
Decred (DCR) Price Prediction 2026
With the number of DCR hodlers on the increase and the growing sentiment about cryptocurrencies, DCR has the possibility of holding most of its recent gains and consolidating. Hence, the price of DCR could trade around $600 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Decred (DCR) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of DCR could surge to $800 by the end of 2027.
Decred (DCR) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Decred (DCR) could hit $1000 by the end of 2028.
Decred (DCR) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of DCR to $1500 by the end of 2029.
Decred (DCR) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Decred (DCR) to trade around $2000 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
Conclusion
As said above, DCR might reach $80 in 2022 and $2000 by 2030 if investors have decided that DCR is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Decred is a cryptocurrency that also takes the name “Evolved Money.” It was forked with the same coding as Bitcoin but allowed its holders the capacity to determine how it’s used. Its native coin is denoted as DCR. The average transaction fee for Decred (DCR) transfers in the past seven days is $0.02.
Like other cryptocurrencies, Decred (DCR) can be traded in cryptocurrency exchanges like Binance, Bittrex, Kucoin, Gate.io, and others.
DCR has a low possibility of surpassing its present all-time high (ATH) price of $250.02 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2025.
DCR is one of the few cryptocurrencies that has retained its bullish momentum in the past six years. If this momentum is maintained, DCR might reach $80 soon after its breaks the $79.4 psychological resistance.
DCR has been one of the most suitable investments in the crypto space in the past six years. Its return on investment of over 6300% makes it one of the assets to keep on the watch list and hodl for the future.
DCR has a current all-time low price of $0.3948.
DCR has a maximum supply of 21,000,000 DCR.
It was launched in 2016.
DCR can be stored in private wallets and cold and hot wallets of centralized exchanges.
DCR price is expected to reach $100 by 2023.
DCR price is expected to reach $200 by 2024.
DCR price is expected to reach $400 by 2025.
DCR price is expected to reach $600 by 2026.
DCR price is expected to reach $800 by 2027.
DCR price is expected to reach $1000 by 2028.
DCR price is expected to reach $1500 by 2029.
DCR price is expected to reach $2000 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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