Dero 24 Hour Trading Volume Reaches $37,541.05 (DERO)

Dero (DERO) traded 9% lower against the dollar during the 24-hour period ending at 19:00 PM E.T. on July 26th. One Dero coin can currently be purchased for $1.17 or 0.00001721 BTC on major exchanges. In the last week, Dero has traded down 33.5% against the dollar. Dero has a market capitalization of $16.72 million and approximately $37,541.05 worth of Dero was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded up 3.4% against the dollar and now trades at $67,878.58 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.5% higher against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Bitcoin Cash (BCH) traded up 4.3% against the dollar and now trades at $377.36 or 0.00555937 BTC.
• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $5.83 or 0.00008591 BTC.
• Litecoin (LTC) traded 3.7% higher against the dollar and now trades at $71.34 or 0.00105102 BTC.
• Ethereum Classic (ETC) traded up 4.2% against the dollar and now trades at $22.97 or 0.00033844 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $162.06 or 0.00238745 BTC.
• Arweave (AR) traded up 3.7% against the dollar and now trades at $31.18 or 0.00045931 BTC.
• Bitcoin SV (BSV) traded up 5.8% against the dollar and now trades at $44.80 or 0.00065993 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero 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 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. Dero’s official message board is forum.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 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 Coinbase, Gemini 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