Dero (DERO) Trading Down 6.4% Over Last Week

by · The Markets Daily

Dero (DERO) traded down 4.7% against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on December 7th. One Dero coin can currently be purchased for about $0.38 or 0.00000428 BTC on cryptocurrency exchanges. Dero has a market capitalization of $5.45 million and $7.26 thousand worth of Dero was traded on exchanges in the last 24 hours. During the last seven days, Dero has traded down 6.4% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • Arweave (AR) traded 3.8% lower against the dollar and now trades at $3.84 or 0.00004315 BTC.
  • Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $88,947.25 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.14 or 0.00000154 BTC.
  • Bitcoin Cash (BCH) traded down 1.3% against the dollar and now trades at $576.28 or 0.00647893 BTC.
  • UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $9.60 or 0.00010797 BTC.
  • Monero (XMR) traded down 4.5% against the dollar and now trades at $375.29 or 0.00421926 BTC.
  • Litecoin (LTC) traded down 0.5% against the dollar and now trades at $80.69 or 0.00090717 BTC.
  • Zcash (ZEC) traded 1.9% higher against the dollar and now trades at $338.50 or 0.00380562 BTC.
  • Ethereum Classic (ETC) traded down 2.6% against the dollar and now trades at $12.95 or 0.00014559 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Dero

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 website is dero.io. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official Twitter account is @deroproject and its Facebook page is accessible here. 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.”

Dero Coin Trading

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