Dero (DERO) Price Hits $0.42 on Exchanges

Dero (DERO) traded 1.1% lower against the U.S. dollar during the 1-day period ending at 11:00 AM Eastern on November 29th. In the last seven days, Dero has traded down 16.6% against the U.S. dollar. One Dero coin can currently be purchased for $0.42 or 0.00000465 BTC on major exchanges. Dero has a total market cap of $6.05 million and approximately $10.15 thousand worth of Dero was traded on exchanges in the last 24 hours.

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

• Arweave (AR) traded down 5.8% against the dollar and now trades at $4.08 or 0.00004488 BTC.
• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $90,929.48 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.1% against the dollar and now trades at $0.15 or 0.00000164 BTC.
• Bitcoin Cash (BCH) traded down 2.6% against the dollar and now trades at $527.23 or 0.00579823 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $9.79 or 0.00010765 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $412.08 or 0.00453188 BTC.
• Zcash (ZEC) traded down 3.5% against the dollar and now trades at $458.16 or 0.00503865 BTC.
• Litecoin (LTC) traded 2.5% lower against the dollar and now trades at $84.28 or 0.00092689 BTC.
• Ethereum Classic (ETC) traded down 2% against the dollar and now trades at $13.72 or 0.00015086 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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. Its genesis 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 website is dero.io. Dero’s official message board is forum.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 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.”

Buying and Selling Dero

It is usually not currently possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView