Decred is a free digitalcurrency, and therefore the stakeholders make the rules. Decred is an innovative hybrid proof-of-work(PoW), and proof-of-stake (PoS) consensus voting system ensures miners do notbecome overly centralized. The platformfacilitates cross-platform wallets and cross-chain atomic swaps. Decred focuseson providing its customers with stable and reliable releases.

The price of the Decred in terms of the short-term and medium-term trends appears bearish.  The four-hour time frame is showing a bearish falling wedge pattern.  The daily time frame is showing that the DCR/USD is in a triangle pattern. The overall cryptocurrency market has a downtrend; however, Decred is trying to move against the trend.  It is trying to force a short-term breakout above the $20.00 level.  There is critical long-term support at $12.00 support.

With the key technical resistancelevels located at $20.00 and $24.00, the key resistance is located at $29.00and $35.00 levels. The Relative StrengthIndex is bullish on the daily time frame, and the MACD indicator is situatedcloser to indicating a buy signal.

Decred compares themselves with astate with sovereignty where they need not bother about foreign power whengoverning their territory. They furtherstate that they resist outside influence, and therefore their network issovereign. Distributing value across bordersthrough independent online networks is possible only with a separate onlinenetwork.

Jacob Yocom-Piatt, Dave Collins, David Hill, JohnVernaleo, Josh Rickmar, and Alex Yocom-Piattlaunched Decred in Feb. 2016.

DecredTweeter: “November's issue of theDecred Journal is out now! Check it out for updates on DEX development, v1.5.0,approval of the Latam marketing initiative, a series of blog posts about #LightningNetwork ticket-splitting, andpacked Media and External sections.”

Early on, Decred founder JacobYocom-Piatt proposed to DEX as an alternative to Binance. He has been talking about cutting down on“high-listing fees, front-running high-frequency traders, and third-partyrent-seeking." Overcoming thesebarriers, he stated, is important to provide for an ideal alternative.

He reflects on experiences wherethe Decred developers were meeting with exchanges and had to face enormouslisting fees. Sometimes the cost oflisting was more than the cost of integrating the token itself. However, heacknowledges that it is not easy to compete with firms who have already built arobust financial infrastructure unless an equally efficient network isestablished.

One of the Decred members in thepast stated, “[It] seems to me we are taking a gun to a knife fight if theprimary purpose of the DEX is [ultimately] toincrease DCR liquidity.” Ultimately, it is the customers to has to decide forthe sovereign cryptocurrency network.