TRON (TRX) Price Reaches $0.16 on Major Exchanges

TRON (TRX) traded down 1.7% against the U.S. dollar during the 24-hour period ending at 17:00 PM Eastern on November 5th. TRON has a total market cap of $11.48 billion and approximately $364.51 million worth of TRON was traded on exchanges in the last 24 hours. Over the last week, TRON has traded down 3.3% against the U.S. dollar. One TRON coin can now be purchased for approximately $0.16 or 0.00000230 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Tezos (XTZ) traded 4.5% higher against the dollar and now trades at $0.61 or 0.00000882 BTC.
• Terra Classic (LUNC) traded up 4.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 3.3% higher against the dollar and now trades at $0.33 or 0.00000476 BTC.
• Terra (LUNA) traded 5.1% higher against the dollar and now trades at $0.31 or 0.00000448 BTC.
• GXChain (GXC) traded 2.8% lower against the dollar and now trades at $0.34 or 0.00000494 BTC.
• Adshares (ADS) traded 2% higher against the dollar and now trades at $0.23 or 0.00000325 BTC.
• BitShares (BTS) traded up 1.7% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,440,139,322 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official website for TRON is trondao.org. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here.

According to CryptoCompare, “Tron (TRX) is a decentralized blockchain platform that offers high scalability and availability for decentralized applications (DApps). It has a native cryptocurrency, TRX, which was originally an ERC-20 token on the Ethereum blockchain. Tron aims to create a decentralized internet and its infrastructure, and supports smart contracts with a number of decentralized apps built on top of its network. Its decentralized finance (DeFi) ecosystem has billions in total value locked. The Tron network uses a delegated Proof-of-Stake (dPoS) algorithm, with TRX token holders delegating transaction validation to 27 “super representatives.” Tron was created by Justin Sun and launched in 2017, migrating to its own blockchain in 2018. TRX is used to pay for transaction fees on the Tron blockchain, can be staked for earnings, and is used in the Tron DeFi ecosystem for financial services.”

TRON Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON 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 TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView