Key takeaways
- By 2024, Decred’s maximum price could rise to $25.94.
- The token could reach as high as $38.23 in 2027.
- By 2030, DCR is expected to trade at a maximum price of $178.73.
Decred DCR has risen to the charts in recent times. Decred price prediction is based on analyzing its past performance that could help predict its future price. The cryptocurrency is based on Bitcoin’s source code (with some modifications) to regulate and reward users who contribute to blockchain development and participate in users’ decisions and changes in the blockchain.
Check up what’s the latest on DCR in this Decred price prediction. Crypto is evolving for a better future!
Overview
| Cryptocurrency | Decred |
| Token | DCR |
| Price | $12.95 |
| Market Cap | $209,661,787 |
| Trading Volume | $1,974,945 |
| Circulating Supply | 16,203,299 |
| All-time High | $250.02 (Apr 16, 2021) |
| All-time Low | $0.3948 |
| 24-h High | $13.40 |
| 24-h Low | 12.91 |
Decred price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $ 15.60 (19.91%) |
| Volatility (30-day Variation) | 7.20% |
| 50-day SMA | $ 15.95 |
| 14-Day RSI | 37.81 |
| Sentiment | Bearish |
| Fear & Greed Index | 74 (Greed) |
| Green days | 13/30 (43%) |
Decred price analysis: DCR price backtracks to $12.22 as bears regain dominance
- The Decred price chart shows a steady decline.
- Decred prices have sought support at $11.85.
The Decred price analysis for 24 July shows a bearish trend, characterized by a consistent downtrend over the observed period. Initially, the price was above $20, but it started to decline steadily, reflecting strong selling pressure and a lack of significant buying interest. The price experiences minor recoveries but fails to maintain upward momentum, creating a pattern of lower highs and lower lows. By the end of the period, the price had dropped to around $15 and currently trading at $12.22, indicating a significant loss in value. The continuous downward movement and inability to sustain any recovery attempts suggest a prevailing bearish sentiment in the market for Decred.
Decred 1-day price analysis: Bears drag price level down to $12.22
The Decred price action in the 1-day chart shows a clear bearish trend. The price has steadily declined from higher levels above $20 to the current price of around $12.22, indicating strong selling pressure and an inability to sustain any significant upward momentum. This pattern suggests a lack of confidence among buyers and a prevailing bearish sentiment in the market.
The Relative Strength Index (RSI) score has moved down to the neutral zone at 44.32, indicating that the current trend may continue for some time before a reversal occurs. The Moving Average Convergence Divergence (MACD) shows a slightly bullish signal, with the MACD line (blue) above the signal line (orange) and a positive histogram, suggesting a potential shift in momentum.
DCR 4-hour price chart: Latest development
According to hourly Decred price analysis is indicating signs of a downtrend, as the price has been following a decreasing movement for the last 24 hours. Although the cryptocurrency was under bullish influence earlier, bears have taken control and dragged DCR down to $12.22 at the time of writing.
The MACD level is currently moving into negative territory, with the signal line falling beneath the MACD line. The Relative Strength Index (RSI) score at 42.65, indicating that the current trend is neutral.
Decred technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | $13.96 | SELL |
| SMA 5 | $13.81 | SELL |
| SMA 10 | $13.72 | SELL |
| SMA 21 | $13.93 | SELL |
| SMA 50 | $15.95 | SELL |
| SMA 100 | $18.41 | SELL |
| SMA 200 | $19.37 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | $14.00 | SELL |
| EMA 5 | $14.36 | SELL |
| EMA 10 | $14.97 | SELL |
| EMA 21 | $16.08 | SELL |
| EMA 50 | $17.96 | SELL |
| EMA 100 | $19.22 | SELL |
| EMA 200 | $19.20 | SELL |
Decred price analysis conclusion
Decred price analysis shows that DCR has been facing strong bearish pressure over the last 24 hours, and the pair will continue to face a downside in the near future. The digital asset has found support at $11.85 but it will need to break above this level before any further upside momentum can be seen.
Is Decred a good investment?
Decred provides an option for investors looking to diversify from Bitcoin. While Bitcoin has a long history and greater liquidity, Decred surpasses Bitcoin in several aspects. Decred’s governance mechanism is highly undervalued, offering a robust and decentralized decision-making process. Unlike traditional companies, blockchain projects operate differently in terms of decision-making, and Decred’s model ensures community-driven and secure management.
Why is Decred up?
Decred price action shows a positive market sentiment and favorable news about Decred or the broader cryptocurrency market can increase prices. The price chart indicates a recovery from low points, suggesting strong buying interest at lower levels.
Will Decred recover?
The Decred (DCR) price has risen from around $12.87 to $13.14 experiencing a sharp decline from $3.83 to $3.70, followed by a slight upward movement. This suggests potential for short-term recovery but sustained positive market sentiment is needed for a full rebound.
Will Decred reach $50?
While reaching $50 is possible, it depends on a combination of favorable market conditions, strong technical indicators, and positive fundamental developments.
Will Decred reach $100?
For Decred to reach $100, the overall cryptocurrency market would likely need to experience significant bullish trends, providing a favorable environment for price increases.
Does Decred have a good long-term future?
Decred (DCR) has a promising long-term future due to its strong fundamentals, including an innovative hybrid consensus mechanism that combines proof-of-work (PoW) and proof-of-stake (PoS) for enhanced security and decentralization.
Decred price prediction July 2024
In July 2024, Decred is projected to reach a minimum price of $12.92. The maximum price could ascend to $13.93, with an average trading price of $13.
| Decred price prediction | Potential Low | Average Price | Potential High |
| Decred price prediction July 2024 | $12.92 | $13.26 | $13.93 |
Decred price prediction 2024
An analysis of DCR indicates that the price might trade at a minimum of $15.04, a maximum of $17.61, and an average trading value of $15.71.
| Decred price prediction | Potential Low | Average Price | Potential High |
| Decred price prediction 2024 | $15.04 | $15.71 | $17.61 |
Decred price prediction 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $21.98 | $22.60 | $25.94 |
| 2026 | $32.36 | $33.49 | $38.23 |
| 2027 | $46.51 | $48.18 | $56.32 |
| 2028 | $67.60 | $70.01 | $79.24 |
| 2029 | $104.31 | $107.81 | $120.41 |
| 2030 | $142.37 | $147.76 | $178.73 |
Decred Price Prediction 2025
The price of Decred is predicted to reach a minimum level of $21.98 in 2025. The Decred price can reach a maximum level of $25.94 with an average price of $22.60.
Decred Price Prediction 2026
The price of Decred is predicted to reach a minimum value of $32.36 in 2026. The Decred price could reach a maximum value of $38.23 with an average trading price of $33.49.
Decred Price Prediction 2027
Decred will reach the maximum price of $56.32 and the minimum price is expected to be around $46.51 in the year 2027.
Decred Price Prediction 2028
Decred is expected to cross a price level of $79.24 in 2029. Meanwhile, Decred is expected to reach a minimum price of $67.60 this year. The Average price may reach $70.01.
Decred Price Prediction 2029
In 2029 the price of Decred is predicted to reach a minimum level of $104.31. The DCR price can reach a maximum level of $120.41 with an average trading price of $107.81.
Decred Price Prediction 2030
In 2030 the price of Decred is forecasted to be at around a minimum value of $142.37. The Decred price value can reach a maximum of $178.73 with an average trading value of $147.76.
Decred market price prediction: Analyst’s DCR price forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $21.76 | $32.54 |
| DigitalCoinPrice | $28.87 | $32.91 |
| CryptoPredictions | $35.21 | $42.09 |
Cryptopolitan’s Decred price prediction
According to Cryptopolitan, Decred might drop to a low of $15.04. The token could also reach a maximum price of $17.61, with an average trading price of $15.71 by the end of 2024. A positive market sentiment in 2025 could see DCR surpass its previous all-time high, trading above $25.94.
Decred historic price sentiment
Decred price history from CoinStat
2016 – 2017:
- Decred was launched in February 2016.
- It initially traded at a very low price, often below $2.
- Decred gained some recognition and experienced price increases during the cryptocurrency market bull run 2017.
- Prices gradually rose over the year, reaching around $108.35 by December 2017.
2018 – 2019:
- Like many other cryptocurrencies, Decred experienced a significant price correction during the cryptocurrency market crash in early 2018.
- Prices dropped to around $42 in April 2018, recovered above $100 in May, and declined significantly to about $19 in December.
- Decred’s price remained relatively stable throughout 2019, trading from $13 to $35.
2020 – 2021:
- The price of Decred showed some fluctuations, with periods of both upward and downward movement.
- It traded from approximately $10 to $20 most of the year but closed 2020 above $37.
- Decred started the year 2021 with a price of around $40.
- The price gradually increased as interest in cryptocurrencies and decentralized technologies grew.
- By May 2021, Decred attained its ATH of $250.31. The token’s value soon began to fall and it reached about $71 at the end of December.
2022 – 2023
- Decred (DCR) traded above $70 at the start of 2022, but soon succumbed to the bearish wave that took over the crypto market.
- DCR fell to about $25 by mid-2022 and closed the year at less than $20.
- There has been a lot of price fluctuation in the crypto market in 2023, with a general bearish trend that reversed in November.
2024
- DCR peaked at $22.28 driven by market sentiment of ETF approvals and Bitcoin Halving.
