Dero (DERO) Achieves Market Capitalization of $4.36 Million

Dero (DERO) traded 5.6% higher against the US dollar during the one day period ending at 8:00 AM E.T. on March 18th. One Dero coin can currently be purchased for about $0.30 or 0.00000369 BTC on major cryptocurrency exchanges. During the last week, Dero has traded 10.8% higher against the US dollar. Dero has a market cap of $4.36 million and approximately $16,511.06 worth of Dero was traded on exchanges in the last day.

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

• Arweave (AR) traded down 2.3% against the dollar and now trades at $6.76 or 0.00008189 BTC.
• Bitcoin (BTC) traded down 0.6% against the dollar and now trades at $82,484.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4% lower against the dollar and now trades at $0.17 or 0.00000201 BTC.
• UNUS SED LEO (LEO) traded 0.7% lower against the dollar and now trades at $9.76 or 0.00011835 BTC.
• Bitcoin Cash (BCH) traded 0.2% higher against the dollar and now trades at $338.27 or 0.00410095 BTC.
• Litecoin (LTC) traded 5.5% lower against the dollar and now trades at $88.44 or 0.00107222 BTC.
• Monero (XMR) traded down 1.2% against the dollar and now trades at $209.28 or 0.00253714 BTC.
• Ethereum Classic (ETC) traded down 2.7% against the dollar and now trades at $17.42 or 0.00021122 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 0.6% lower against the dollar and now trades at $33.65 or 0.00040796 BTC.

Dero Profile

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. The official website for Dero is dero.io. The official message board for Dero is forum.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 the first crypto project to combine a Proof of Work blockchain with a DAG block structure and wholly anonymous transactions. The fully distributed ledger processes transactions with a twelve-second average block time and is secure against majority hashrate attacks. Dero will be the first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains.”

Dero Coin Trading

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

DERO/USD price chart by TradingView