Dero Price Tops $1.20 on Major Exchanges (DERO)

Dero (DERO) traded 5.2% lower against the dollar during the 1 day period ending at 8:00 AM Eastern on November 18th. In the last week, Dero has traded 5.7% lower against the dollar. One Dero coin can currently be bought for about $1.20 or 0.00001322 BTC on cryptocurrency exchanges. Dero has a total market cap of $17.16 million and approximately $6,944.50 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.2% against the dollar and now trades at $90,703.08 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.37 or 0.00000404 BTC.
• Bitcoin Cash (BCH) traded 0% higher against the dollar and now trades at $441.97 or 0.00487271 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $7.75 or 0.00008547 BTC.
• Litecoin (LTC) traded up 3.6% against the dollar and now trades at $91.70 or 0.00101098 BTC.
• Ethereum Classic (ETC) traded up 0.3% against the dollar and now trades at $26.42 or 0.00029130 BTC.
• Monero (XMR) traded 2.2% higher against the dollar and now trades at $153.86 or 0.00169633 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $68.30 or 0.00075301 BTC.
• Arweave (AR) traded 2.3% higher against the dollar and now trades at $18.65 or 0.00020563 BTC.
• eCash (XEC) traded up 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Dero Profile

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

Buying and Selling Dero

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to trade Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX 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