Dero Trading 25.3% Lower This Week (DERO)

Dero (DERO) traded 8.7% lower against the US dollar during the 1 day period ending at 11:00 AM ET on January 28th. During the last seven days, Dero has traded down 25.3% against the US dollar. Dero has a total market cap of $3.23 million and approximately $4.76 thousand worth of Dero was traded on exchanges in the last day. One Dero coin can currently be bought for about $0.23 or 0.00000251 BTC on popular exchanges.

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

• Arweave (AR) traded 2% higher against the dollar and now trades at $3.33 or 0.00003694 BTC.
• Bitcoin (BTC) traded up 1.1% against the dollar and now trades at $90,044.37 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.6% against the dollar and now trades at $0.13 or 0.00000140 BTC.
• Bitcoin Cash (BCH) traded up 1.6% against the dollar and now trades at $597.10 or 0.00663160 BTC.
• Monero (XMR) traded up 0.2% against the dollar and now trades at $475.26 or 0.00527840 BTC.
• UNUS SED LEO (LEO) traded down 1% against the dollar and now trades at $9.15 or 0.00010168 BTC.
• Zcash (ZEC) traded up 1.2% against the dollar and now trades at $384.83 or 0.00427407 BTC.
• Litecoin (LTC) traded 1.6% higher against the dollar and now trades at $69.70 or 0.00077412 BTC.
• Ethereum Classic (ETC) traded up 2.9% against the dollar and now trades at $11.55 or 0.00012826 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. Dero’s official website is dero.io.

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 US dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView