DERO Rising
Updated
Dero is a privacy-focused cryptocurrency that aims to provide fast, secure and anonymous transactions utilizing innovative blockchain technologies. The focus is on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain. DERO is the first crypto project to combine a Proof of Work blockchain with a DAG block structure and fully anonymous transactions based on Homomorphic Encryption.
DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com/deroproject/derohe
Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11
This could be an interesting time to accumulate DERO for the next bull-run.
DERO will be the first Homomorphic Encryption based blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains. At present DERO has Smart Contracts on old CryptoNote protocol testnet. For a closer look at the salient features of the DERO project: github.com/deroproject/derohe
Price Action: DERO hit a recent low of $3.75 on 10 March and surged 154% in the following weeks to hit a 2023 high of $9.54. It has now retraced 26% since then and has found support around the 50 day Simple Moving Average (SMA) ie. $7.11
This could be an interesting time to accumulate DERO for the next bull-run.
Note
Corrrection: 26% retracment from 12 April 2023.
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