Dero Achieves Market Cap of $30.31 Million (DERO)

Dero (DERO) traded 0.1% higher against the dollar during the twenty-four hour period ending at 15:00 PM ET on June 17th. Dero has a total market cap of $30.31 million and $10,008.00 worth of Dero was traded on exchanges in the last day. One Dero coin can now be purchased for $2.12 or 0.00003169 BTC on popular cryptocurrency exchanges. Over the last seven days, Dero has traded down 22.3% against the dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded up 0.5% against the dollar and now trades at $66,818.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 1.8% against the dollar and now trades at $0.13 or 0.00000200 BTC.
• Bitcoin Cash (BCH) traded 0.1% higher against the dollar and now trades at $428.00 or 0.00640537 BTC.
• Litecoin (LTC) traded 1.1% lower against the dollar and now trades at $77.95 or 0.00116662 BTC.
• UNUS SED LEO (LEO) traded 3.4% lower against the dollar and now trades at $5.67 or 0.00008486 BTC.
• Ethereum Classic (ETC) traded down 3.5% against the dollar and now trades at $24.56 or 0.00036750 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $177.46 or 0.00265578 BTC.
• Arweave (AR) traded 5% lower against the dollar and now trades at $27.35 or 0.00040927 BTC.
• Bitcoin SV (BSV) traded 0.8% lower against the dollar and now trades at $48.97 or 0.00073281 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. Its launch date was 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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website 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.”

Dero Coin Trading

It is usually not currently 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, Changelly or Coinbase. 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