Dero (DERO) Price Hits $0.22 on Top Exchanges

Dero (DERO) traded 4.7% lower against the U.S. dollar during the one day period ending at 12:00 PM ET on February 5th. One Dero coin can currently be bought for $0.22 or 0.00000308 BTC on popular cryptocurrency exchanges. Over the last week, Dero has traded down 11.3% against the U.S. dollar. Dero has a market capitalization of $3.10 million and approximately $4.63 thousand worth of Dero was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Arweave (AR) traded 9% lower against the dollar and now trades at $2.31 or 0.00003275 BTC.
• Bitcoin (BTC) traded 7.2% lower against the dollar and now trades at $70,409.74 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 7.7% lower against the dollar and now trades at $0.0990 or 0.00000141 BTC.
• Bitcoin Cash (BCH) traded down 2.9% against the dollar and now trades at $513.81 or 0.00729739 BTC.
• UNUS SED LEO (LEO) traded 9% lower against the dollar and now trades at $8.04 or 0.00011412 BTC.
• Monero (XMR) traded down 9.9% against the dollar and now trades at $350.48 or 0.00497775 BTC.
• Litecoin (LTC) traded 5.8% lower against the dollar and now trades at $56.61 or 0.00080399 BTC.
• Zcash (ZEC) traded 13.8% lower against the dollar and now trades at $240.53 or 0.00341614 BTC.
• Ethereum Classic (ETC) traded down 6.6% against the dollar and now trades at $9.00 or 0.00012779 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Dero Coin Profile

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 message board is forum.dero.io. 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. 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.”

Dero Coin Trading

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