Dero (DERO) Market Capitalization Achieves $3.25 Million

Dero (DERO) traded 6.5% lower against the US dollar during the 1-day period ending at 12:00 PM Eastern on February 9th. Dero has a market capitalization of $3.25 million and $5.21 thousand worth of Dero was traded on exchanges in the last day. Over the last week, Dero has traded up 4.1% against the US dollar. One Dero coin can currently be purchased for about $0.23 or 0.00000324 BTC on major exchanges.

Here is how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded up 1.1% against the dollar and now trades at $1.95 or 0.00002779 BTC.
• Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $69,989.13 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 0.1% against the dollar and now trades at $0.0957 or 0.00000137 BTC.
• Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $528.09 or 0.00754530 BTC.
• UNUS SED LEO (LEO) traded 2.6% higher against the dollar and now trades at $8.46 or 0.00012089 BTC.
• Monero (XMR) traded up 0.2% against the dollar and now trades at $323.01 or 0.00461518 BTC.
• Litecoin (LTC) traded 1% higher against the dollar and now trades at $54.54 or 0.00077933 BTC.
• Zcash (ZEC) traded 2.4% higher against the dollar and now trades at $241.78 or 0.00345451 BTC.
• Ethereum Classic (ETC) traded up 1% against the dollar and now trades at $8.62 or 0.00012312 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. 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. Dero’s official message board 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 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 currently possible to purchase alternative cryptocurrencies such as Dero directly using US dollars. Investors seeking to acquire Dero should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dero using one of the aforementioned exchanges.

DERO/USD price chart by TradingView