Dero (DERO) Market Capitalization Hits $4.97 Million

Dero (DERO) traded 7.8% higher against the dollar during the 24-hour period ending at 11:00 AM Eastern on January 20th. One Dero coin can now be purchased for approximately $0.35 or 0.00000384 BTC on popular exchanges. Dero has a total market capitalization of $4.97 million and approximately $10.34 thousand worth of Dero was traded on exchanges in the last day. In the last week, Dero has traded up 40.5% against the dollar.

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

• Arweave (AR) traded down 2.6% against the dollar and now trades at $3.65 or 0.00004039 BTC.
• Bitcoin (BTC) traded down 3% against the dollar and now trades at $90,489.46 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.13 or 0.00000138 BTC.
• Bitcoin Cash (BCH) traded 3.7% lower against the dollar and now trades at $571.12 or 0.00631150 BTC.
• Monero (XMR) traded down 13% against the dollar and now trades at $539.20 or 0.00595872 BTC.
• UNUS SED LEO (LEO) traded 2.5% lower against the dollar and now trades at $8.69 or 0.00009599 BTC.
• Zcash (ZEC) traded down 4.9% against the dollar and now trades at $355.61 or 0.00392988 BTC.
• Litecoin (LTC) traded 2.4% lower against the dollar and now trades at $69.12 or 0.00076380 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $11.69 or 0.00012920 BTC.
• NyanCoin (NYAN) traded down 2.2% 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. Its genesis date was 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. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. The official message board for Dero is forum.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 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 presently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX 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