Decred’s DCR Price Soars by 45% Prior to Network’s Hard Fork

Reading Time: < 1 minute

The price of DCR experienced an unexpected increase yesterday. Some analysts have attributed the 45% jump to the upcoming hard fork in the Decred network. As a result, the price of the coin could reach $86, a price that was last seen 4 months ago.

The trading volume of DCR has also increased on the heels of the price jump. This, in turn, indicates the acceptance and readiness of traders for the “bullish phase,” which gradually begins to enter the cryptocurrency.

The hard fork of the Decred network is scheduled for early May. As part of the upgrade, the developers plan to increase the reward for PoS validators from 30% to 80%. However, it is still unknown if this will eventually happen.

According to the press release shared by the crypto project, the network upgrade will include many other innovations. For example, the developers want to restrict access to Decred for the so-called “malicious miners,” who are DCR miners who fraudulently, artificially increase and dump the volume of coins they own.