Dero (DERO) Trading Down 11.6% Over Last Week

Dero (DERO) traded 0.2% lower against the US dollar during the 1-day period ending at 11:00 AM E.T. on June 29th. One Dero coin can now be purchased for $1.88 or 0.00003093 BTC on popular exchanges. Dero has a total market cap of $26.95 million and approximately $8,300.18 worth of Dero was traded on exchanges in the last day. During the last week, Dero has traded down 11.6% against the US dollar.

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

• Bitcoin (BTC) traded 0.2% lower against the dollar and now trades at $60,868.85 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.5% against the dollar and now trades at $0.12 or 0.00000202 BTC.
• Bitcoin Cash (BCH) traded down 3.9% against the dollar and now trades at $380.72 or 0.00625478 BTC.
• Litecoin (LTC) traded 2.6% higher against the dollar and now trades at $74.77 or 0.00122835 BTC.
• UNUS SED LEO (LEO) traded 1.2% higher against the dollar and now trades at $5.81 or 0.00009548 BTC.
• Ethereum Classic (ETC) traded 2% lower against the dollar and now trades at $23.32 or 0.00038308 BTC.
• Monero (XMR) traded 0.5% lower against the dollar and now trades at $166.00 or 0.00272716 BTC.
• Arweave (AR) traded 4.3% higher against the dollar and now trades at $27.17 or 0.00044631 BTC.
• Bitcoin SV (BSV) traded down 2.7% against the dollar and now trades at $44.33 or 0.00072834 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. The official website for Dero is dero.io.

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 buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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