Dero (DERO) Price Down 7.7% Over Last Week

Dero (DERO) traded down 3.7% against the dollar during the one day period ending at 22:00 PM ET on July 1st. Over the last seven days, Dero has traded down 7.7% against the dollar. One Dero coin can currently be purchased for about $1.84 or 0.00002926 BTC on popular exchanges. Dero has a market cap of $26.38 million and $14,883.59 worth of Dero was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.8% lower against the dollar and now trades at $62,973.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.1% lower against the dollar and now trades at $0.12 or 0.00000196 BTC.
• Bitcoin Cash (BCH) traded 3% lower against the dollar and now trades at $384.12 or 0.00609980 BTC.
• Litecoin (LTC) traded down 1.5% against the dollar and now trades at $74.36 or 0.00118083 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.79 or 0.00009189 BTC.
• Ethereum Classic (ETC) traded 3% lower against the dollar and now trades at $23.20 or 0.00036849 BTC.
• Monero (XMR) traded down 2% against the dollar and now trades at $169.49 or 0.00269144 BTC.
• Arweave (AR) traded 0.4% higher against the dollar and now trades at $28.02 or 0.00044491 BTC.
• Bitcoin SV (BSV) traded 2.6% lower against the dollar and now trades at $44.22 or 0.00070224 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (CRYPTO: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 Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero is forum.dero.io. Dero’s official website is dero.io. 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.”

Buying and Selling Dero

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

DERO/USD price chart by TradingView