There is one issue that seems to always be of concern about Bitcoin to developers and users and that is the issue of scalability. The issue of scalability hit so bad that it led to disagreement in the Bitcoin community. Ultimately leading to the hard fork of the Bitcoin protocol that resulted in Bitcoin Cash.

This is where Decred is different as the protocol is built to scale, improving on where Bitcoin falls short-scalability. Given the problem it hopes to solve, the protocol is certain to catch investors’ attention and they will want to know the future holds for this protocol through Decred price predictions.

In this article we’ll explain what Decred is and will try to find out if DCR is a good investment.

Decred: Built to Scale

This issue has been the focal point of Decred (DCR) cryptocurrency. Decred aims to prevent something like the occurrence of Bitcoin Cash happening on its network by ensuring its community has a say on the running and future of the Decred protocol. By introducing self-governance, it ensures that a hard fork is very hard to achieve unless a majority of the community agrees to it.

According to Decred’s whitepaper, the way the protocol is designed allows the Decred community to decide on every single change or proposal on the protocol. It is built this way to ensure market whales can’t manipulate the operation of the network in any way. Given that the DCR network was built on the Bitcoin basis code with several modifications, the protocol will surely share some underlying features with Bitcoin. However, one of the places where they part ways is scalability. Decred is built purposely to solve the issue of scalability that plagues the Bitcoin network.

The protocol is built to improve on Bitcoin’s flaws, which is not limited to scalability alone. Another issue that seems to threaten Bitcoin presently is the risk of the network becoming too centralized in the hands of a powerful few capable of carrying large-scale mining over ASICS devices.

Decred’s homepage

Decred Blockchain Network

One way Decred differentiates its protocol from Bitcoin is the use of a hybrid consensus that utilizes both Proof-of-Work and Proof-of-Stake to run the operation of the protocol. In a similar manner to protocols using Proof-of-Work, blockchain miners on the Decred network carry out transaction validation by solving complex mathematical puzzles to mine new blocks added to the blockchain. On the other hand, Proof-of-Stake allows DCR holders to stake their tokens to confirm and validate transactions and at the same time participate in the governance of the Decred network.

Unlike Bitcoin where the entire block rewards go to the miner, on Decred, the block reward is shared between the miners, stakers, and the treasury at the rate of 60%, 30%, and 10% respectively.

Should I Invest in Decred (DCR Token)?

According to Cointobuy, the signs are good and it shows that Decred is a good investment with the price expected to increase in the future. Wallet Investor also echoes the same sentiment pointing out that the DCR token is an awesome investment. A $100 investment could reach around $693.25 by 2026.

Decred Price Predictions From YouTubers

Before we head into our Decred price predictions, let’s quickly look at the price predictions that we have from Crypto YouTube Channels. YouTuber EverythingForFun believes that if the market turns positive then the DCR token is bound to smash through boundaries to finish around $300 by the end of 2022. By 2025, the Decred coin could come close to $450. You can watch the full briefing below:

YouTuber Brave New Coin points out that his one-year target for the Decred token is $450. His full analysis is below:

Decred Token Price Predictions From the Twitter Crypto Community

As we head to the Decred price predictions that we have, let’s quickly take a look at the predictions of users on Crypto Twitter regarding the Decred coin price prediction. Twitter user LolekBolek created a poll and asked users to predict the DCR token price. A lot of users predicted the price will be between $200 and $500.

Another Twitter user Darth_Crypto is predicting the DCR token to hit $750 while user Frenchy_Hustler believes that within 12 months, the Decred token price will hit $1000.

Decred Network Price Historical Data: Technical Analysis

Let’s start the Decred token price prediction with an analysis of its historical data. The DCR token started with an opening price of $0.9534 on February 10, 2016. The price rose steadily throughout 2016 reaching as high as $2.89 in the early part of 2016. The price dropped off a bit towards the end of that year, finishing with a price of $0.4744. However, things took a dramatic turn in 2017 with the price shooting up to reach as high as $45.04 by June 10, 2017. The DCR token would eventually reach another height of $109.65 by December 21, 2017. This dramatic increase can be attributed to the crypto craze that took over 2017.

The token continued to grow in strength for the early part of 2018 before dropping down to around $39.7 by March 31, 2018. It regains strength to march upwards back to the height of $118.88 by May 2018. From there the DCR token began a steady decline reaching as low as $9.17 by March 17, 2020. However, in 2021, the DeFi boom came and it changed things for the better for the Decred token as it went on to set an all-time high of $250.02 by Apr 17, 2021.

Decred Protocol Price Prediction: Market Sentiment

The Decred token has a verified circulating supply of 13,710,735.14 DCR and a market cap of $$761,262,998 with a maximum supply of 21,000,000 DCR tokens. So, what are the experts saying about the Decred price prediction?

• According to Wallet Investor, Decred will increase to reach a price of $271.411 in a year to give investors an earning potential of +130.82%.
• Experts at Cointobuy are predicting the DCR token to increase in value reaching $246.99 and generating an expected profit of +122.7%
• The analysis from GOV Capital shows that Decred will go up in value to reach $190.48 in just a year to give investors an earning potential of 56.775%.
• Digital Coin Price believes the price of the DCR token will shoot up to almost double value reaching around $202.17 from its current price in just a year

Decred Price Predictions: 2022-2025

DCRUSDT, daily chart, Binance

Going by the various predictions that we have, the signs are pointing to an increase in the price of the Decred token between 2022 and 2025. GOV Capital is predicting the token to finish the year with a price of $149.14 while Digital Coin Price gave its forecast for the Decred token as $175.87 by the end of 2022. By 2025, Decred could be close to $900 according to what we have on Wallet Investor. Digital Coin Price is very modest with its price prediction giving the price of Decred as $390.64 by 2025.

Decred Network Price Prediction 2022

By 2022, Digital Coin Price believes the coin will finally cross the $200 mark but it will still finish the year at $193.32. However, Wallet Investor believes the DCR coin will go from strength to strength to cross the $300 mark finishing the year with a price of $361.309. GOV Capital maintains that the Decred coin will stay around the $200 mark ending the year 2022 with a price of $242.609.

Decred Network Price Prediction 2023

2023 is expected to continue being kind to the DCR token as GOV Capital is predicting the coin to reach as high as $366.99 by the end of the year. Digital Coin Price is predicting the token to finally finish the year beyond the $200 mark with a price of $246.52 predicted for December 2023. Wallet Investor DCR price forecast for 2023 is a maximum price of $514.139 by the end of the year.

Decred Network Price Prediction 2024

By 2024, Digital Coin Price is predicting the token to roam around the $300 and $200 mark to finish the year with a price of $240.93. On the other hand, GOV Capital is predicting the Decred coin to reach as high as $522.04 by the end of 2024. Wallet Investor Decred price forecast for 2024 is a maximum price of $692.978 by the end of December 2024.

Decred Network Price Prediction 2025

Lastly, we have the Decred price prediction 2025 and Wallet Investor is predicting that the Decred token will reach a maximum price of $865.897 by the end of 2025. GOV Capital is also predicting a maximum price of $681.37 for the DCR coin by the end of December 2025. Meanwhile, the Digital Coin Price is predicting that the DCR token will reach a price of $390.64 by December 2025.

Frequently Asked Questions

Is Decred a Good Investment in 2022?

Going by the various predictions we have seen, it shows that Decred will make a good investment in 2022. It remains to be seen if it will break its previous ATH also set in 2022.

Will Decred Go Up?

Yes, according to the several predictions we have examined the Decred coin price can go up.

Is Decred Mining Profitable?

The best way to mine Decred and reap some handsome profit is using ASICs but GPU mining can still rake in a decent profit.

Who Created Decred?

Jake Yocom-Piatt the CEO of company 0 created the Decred protocol. The team behind the protocol consists of several ex-BTC developers.

What Does Decred Stand For?

It stands for “Decentralized Credits.”

Is Decred a Fork of Bitcoin?

No, it is not. Although the protocol is based on the modification of Bitcoin basis code, Decred is a standalone project and crypto.

Conclusion

The performance of the Decred token in 2021 shows that the token was able to gain a strong following in the market taking advantage of a possible DeFi comeback in 2022. Several predictions are also pointing at the token increasing in value in the future, which shows that the token is expected to go from strength to strength.