It’s been just revealed that an important Bitcoin alternative just exploded in price. Check out the latest reports below.
Bitcoin alternative price explodes
One under-the-radar crypto asset suddenly outperformed the rest of the markets with a huge price rally after the project announced some updates.
As the online publication the Daily Hodl notes, Decred (DCR) is a community-directed, security-focused digital currency that aims to be compete against Bitcoin (BTC) as a long-term store of value.
It’s also important to note the fact that Decred’s whitatepaper was launched in 2016.
Decred’s whitepaper says it is engineered to prevent powerful individuals or central planning committees from gaining a disproportionate influence over the future of the project.
Its blockchain combines both proof-of-work and proof-of-stake consensus models and appropriates portions of block rewards to miners, proof-of-stake voters and fund development.
Bitcoin alternative price exploded, and this has been noted by more publications.
In other recent news, it seems that Bitcoin is flashing a bullish signal these days. Check out the latest reports about all this here.
Bitcoin flashes bullish signal
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $23,196.
It’s been revealed that a popular analyst is providing price target updates for four crypto assets as the markets try to end the week in positive territory.
The pseudonymous trader known as Altcoin Sherpa said that while he does expect Bitcoin (BTC) to revisit $28,000 in the not-too-distant future, the brief surge above $24,500 on July 30th didn’t convince him that BTC is witnessing a strong uptrend in the short-term timeframe.
“I’m still of the opinion we’re going to $28,000 in the mid-term, but would like to see more chop around this $23,000-$22,000 area to form a significant low. The last high at $24,700 wasn’t super convincing to be honest but still a bullish market structure in my opinion.”