Dero (DERO) Reaches Market Capitalization of $11.27 Million

Dero (DERO) traded 14.6% higher against the US dollar during the one day period ending at 11:00 AM ET on November 9th. One Dero coin can now be purchased for approximately $0.79 or 0.00000758 BTC on popular exchanges. In the last seven days, Dero has traded 71.6% higher against the US dollar. Dero has a total market capitalization of $11.27 million and approximately $25.73 thousand worth of Dero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 11.9% against the dollar and now trades at $5.79 or 0.00005583 BTC.
• Bitcoin (BTC) traded 1.9% higher against the dollar and now trades at $103,789.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3% higher against the dollar and now trades at $0.18 or 0.00000172 BTC.
• Zcash (ZEC) traded up 24.1% against the dollar and now trades at $647.83 or 0.00624176 BTC.
• Bitcoin Cash (BCH) traded 2.8% higher against the dollar and now trades at $500.84 or 0.00482555 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $9.17 or 0.00008840 BTC.
• Litecoin (LTC) traded up 9.4% against the dollar and now trades at $108.08 or 0.00104137 BTC.
• Monero (XMR) traded 20.1% higher against the dollar and now trades at $432.27 or 0.00416486 BTC.
• Ethereum Classic (ETC) traded 0.1% lower against the dollar and now trades at $16.25 or 0.00015654 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

Dero (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 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. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here.

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 U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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