Dero (DERO) Price Down 24% Over Last Week

Dero (DERO) traded up 3.4% against the US dollar during the twenty-four hour period ending at 21:00 PM ET on April 18th. One Dero coin can now be bought for about $3.15 or 0.00004997 BTC on popular exchanges. Dero has a market capitalization of $45.15 million and approximately $8,977.91 worth of Dero was traded on exchanges in the last 24 hours. In the last week, Dero has traded 24% lower against the US dollar.

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

• Bitcoin (BTC) traded up 3.1% against the dollar and now trades at $63,135.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.4% against the dollar and now trades at $0.15 or 0.00000238 BTC.
• Bitcoin Cash (BCH) traded up 5.4% against the dollar and now trades at $479.95 or 0.00760189 BTC.
• Litecoin (LTC) traded up 1.6% against the dollar and now trades at $80.60 or 0.00127661 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $5.86 or 0.00009282 BTC.
• Ethereum Classic (ETC) traded 4.2% higher against the dollar and now trades at $26.04 or 0.00041248 BTC.
• Monero (XMR) traded down 1.7% against the dollar and now trades at $114.92 or 0.00182025 BTC.
• Arweave (AR) traded 3.7% higher against the dollar and now trades at $24.94 or 0.00039498 BTC.
• Bitcoin SV (BSV) traded up 3.8% against the dollar and now trades at $66.49 or 0.00105309 BTC.
• eCash (XEC) traded up 4.6% against the dollar and now trades at $0.0001 or 0.00000000 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 Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official message board is forum.dero.io. The official website for Dero 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 possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. 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