Dero Price Down 14.3% Over Last Week (DERO)

Dero (DERO) traded down 3.9% against the US dollar during the 24-hour period ending at 16:00 PM Eastern on June 27th. One Dero coin can currently be purchased for about $1.87 or 0.00003049 BTC on popular exchanges. Dero has a total market cap of $26.82 million and $19,384.48 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded down 14.3% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded 1% higher against the dollar and now trades at $61,460.77 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.5% higher against the dollar and now trades at $0.12 or 0.00000203 BTC.
• Bitcoin Cash (BCH) traded up 3.4% against the dollar and now trades at $389.49 or 0.00633723 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $72.77 or 0.00118403 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $5.78 or 0.00009397 BTC.
• Ethereum Classic (ETC) traded up 1.1% against the dollar and now trades at $23.96 or 0.00038988 BTC.
• Monero (XMR) traded 0.7% higher against the dollar and now trades at $165.66 or 0.00269546 BTC.
• Arweave (AR) traded 0.5% higher against the dollar and now trades at $26.48 or 0.00043081 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $45.37 or 0.00073817 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Profile

Dero (DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on June 27th, 2018. Dero’s total supply is 18,400,000 coins and its circulating supply is 14,312,916 coins. Dero’s official message board is forum.dero.io. Dero’s official website is dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here.

According to CryptoCompare, “Dero is a crypto project to combine a proof-of-work blockchain with a DAG block structure and wholly anonymous transactions. It aims to be a revolutionary improvement from existing privacy coins like Monero (XMR) or Z-Cash (ZEC). Dero intends to do that by combining the best of both consensus mechanisms.

Its implementation builds out a main chain from the DAG network of blocks, which refers to main blocks and side blocks. Side blocks contribute to chain proof-of-work security, making traditional 51% attacks impossible. In contrast to traditional blockchains, Dero considers the transaction as the smallest unit of computation, not the block. Therefore, blocks on Dero can contain duplicate or double-spend transactions, but these are filtered by the client protocol and ignored by the network.

Dero aims to manage combining the security and decentralization of a proof-of-work blockchain with the scalability and transaction speed of DAG technology. Dero’s goal is a blockchain network that can serve businesses and individuals worldwide and support secure, fast, and anonymous transactions and smart contract execution.”

Dero Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView