Dero (DERO) Price Hits $0.34 on Major Exchanges

Dero (DERO) traded 3.5% lower against the dollar during the 1-day period ending at 11:00 AM E.T. on January 8th. During the last week, Dero has traded up 14.9% against the dollar. One Dero coin can now be bought for $0.34 or 0.00000376 BTC on major cryptocurrency exchanges. Dero has a market cap of $4.86 million and $7.49 thousand worth of Dero was traded on exchanges in the last day.

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

• Arweave (AR) traded 2.4% lower against the dollar and now trades at $3.81 or 0.00004222 BTC.
• Bitcoin (BTC) traded down 0.9% against the dollar and now trades at $90,337.54 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.2% against the dollar and now trades at $0.14 or 0.00000156 BTC.
• Bitcoin Cash (BCH) traded up 1.3% against the dollar and now trades at $635.74 or 0.00703760 BTC.
• Monero (XMR) traded 4.7% higher against the dollar and now trades at $459.82 or 0.00509015 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $9.07 or 0.00010040 BTC.
• Zcash (ZEC) traded 11.6% lower against the dollar and now trades at $424.48 or 0.00469900 BTC.
• Litecoin (LTC) traded down 0.7% against the dollar and now trades at $80.97 or 0.00089630 BTC.
• Ethereum Classic (ETC) traded 1.6% lower against the dollar and now trades at $12.54 or 0.00013887 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

DERO is a proof-of-work (PoW) coin that uses the CryptoNight hashing algorithm. It launched on 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 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 possible to buy alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to trade Dero should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX 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