Dero (DERO) Achieves Market Capitalization of $5.09 Million

Dero (DERO) traded down 9.7% against the dollar during the 24 hour period ending at 11:00 AM E.T. on January 16th. One Dero coin can now be bought for about $0.36 or 0.00000375 BTC on cryptocurrency exchanges. Dero has a total market capitalization of $5.09 million and approximately $7.21 thousand worth of Dero was traded on exchanges in the last 24 hours. Over the last seven days, Dero has traded down 1.5% against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Arweave (AR) traded 0.7% higher against the dollar and now trades at $3.98 or 0.00004194 BTC.
• Bitcoin (BTC) traded 1.7% lower against the dollar and now trades at $94,928.55 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.6% against the dollar and now trades at $0.14 or 0.00000144 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $698.74 or 0.00736066 BTC.
• Bitcoin Cash (BCH) traded 2.1% higher against the dollar and now trades at $604.61 or 0.00636913 BTC.
• UNUS SED LEO (LEO) traded up 0.3% against the dollar and now trades at $8.92 or 0.00009391 BTC.
• Zcash (ZEC) traded down 2.1% against the dollar and now trades at $409.00 or 0.00430854 BTC.
• Litecoin (LTC) traded down 1.1% against the dollar and now trades at $72.12 or 0.00075978 BTC.
• Ethereum Classic (ETC) traded 2.9% lower against the dollar and now trades at $12.44 or 0.00013102 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. The Reddit community for Dero is https://reddit.com/r/deroproject and the currency’s Github account can be viewed here. Dero’s official website is dero.io. Dero’s official message board is forum.dero.io. Dero’s official Twitter account is @deroproject and its Facebook page is accessible 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.”

Buying and Selling Dero

It is usually not possible to buy alternative cryptocurrencies such as Dero directly using U.S. dollars. Investors seeking to acquire Dero should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dero using one of the exchanges listed above.

DERO/USD price chart by TradingView