Dero (DERO) Price Reaches $3.50 on Top Exchanges

Dero (DERO) traded 9.8% higher against the dollar during the 1-day period ending at 8:00 AM E.T. on April 19th. In the last week, Dero has traded down 17.6% against the dollar. One Dero coin can now be purchased for approximately $3.50 or 0.00005357 BTC on cryptocurrency exchanges. Dero has a market capitalization of $50.15 million and approximately $12,029.98 worth of Dero was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded 5% higher against the dollar and now trades at $65,410.41 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.2% higher against the dollar and now trades at $0.15 or 0.00000234 BTC.
• Bitcoin Cash (BCH) traded 0.8% higher against the dollar and now trades at $483.89 or 0.00739777 BTC.
• Litecoin (LTC) traded 1.2% higher against the dollar and now trades at $81.71 or 0.00124922 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $5.84 or 0.00008935 BTC.
• Ethereum Classic (ETC) traded up 2.5% against the dollar and now trades at $26.33 or 0.00040255 BTC.
• Monero (XMR) traded 1.2% higher against the dollar and now trades at $115.83 or 0.00177087 BTC.
• Arweave (AR) traded 16.1% higher against the dollar and now trades at $28.06 or 0.00042893 BTC.
• Bitcoin SV (BSV) traded up 1.4% against the dollar and now trades at $66.79 or 0.00102105 BTC.
• eCash (XEC) traded up 4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Dero

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

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

DERO/USD price chart by TradingView