Dero (DERO) Price Tops $1.05 on Major Exchanges

Dero (DERO) traded 0.4% lower against the US dollar during the 24 hour period ending at 17:00 PM ET on October 14th. Over the last seven days, Dero has traded 18.7% lower against the US dollar. One Dero coin can now be bought for about $1.05 or 0.00001595 BTC on popular exchanges. Dero has a market cap of $15.03 million and approximately $10,223.78 worth of Dero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 4.8% higher against the dollar and now trades at $65,843.29 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.6% against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded up 10.5% against the dollar and now trades at $355.06 or 0.00539282 BTC.
• UNUS SED LEO (LEO) traded up 0.9% against the dollar and now trades at $6.14 or 0.00009333 BTC.
• Litecoin (LTC) traded up 2.9% against the dollar and now trades at $66.62 or 0.00101187 BTC.
• Ethereum Classic (ETC) traded up 5.1% against the dollar and now trades at $19.45 or 0.00029543 BTC.
• Monero (XMR) traded up 3.1% against the dollar and now trades at $154.64 or 0.00234875 BTC.
• Arweave (AR) traded 7.7% higher against the dollar and now trades at $20.32 or 0.00030858 BTC.
• Bitcoin SV (BSV) traded 10.3% higher against the dollar and now trades at $49.31 or 0.00074900 BTC.
• Conflux (CFX) traded 8.6% higher against the dollar and now trades at $0.18 or 0.00000275 BTC.

Dero Coin Profile

Dero (CRYPTO:DERO) is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It was first traded 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 Twitter account is @deroproject and its Facebook page is accessible here. 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.”

Dero Coin Trading

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

DERO/USD price chart by TradingView