TRON (TRX) Self Reported Market Capitalization Reaches $11.68 Billion

TRON (TRX) traded up 1.6% against the US dollar during the twenty-four hour period ending at 18:00 PM E.T. on November 6th. TRON has a total market cap of $11.68 billion and approximately $536.29 million worth of TRON was traded on exchanges in the last day. Over the last week, TRON has traded down 3.9% against the US dollar. One TRON coin can now be bought for $0.16 or 0.00000215 BTC on exchanges.

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

• Tezos (XTZ) traded 6.4% higher against the dollar and now trades at $0.65 or 0.00000865 BTC.
• Terra Classic (LUNC) traded up 7.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 6.2% higher against the dollar and now trades at $0.35 or 0.00000465 BTC.
• Terra (LUNA) traded 9.6% higher against the dollar and now trades at $0.34 or 0.00000454 BTC.
• GXChain (GXC) traded 1.9% lower against the dollar and now trades at $0.34 or 0.00000445 BTC.
• Adshares (ADS) traded 5% higher against the dollar and now trades at $0.24 or 0.00000312 BTC.
• BitShares (BTS) traded up 3% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,433,299,456 coins and its circulating supply is 71,659,659,264 coins. TRON’s official website is trondao.org. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. The official message board for TRON is medium.com/@tronfoundation. TRON’s official Twitter account is @trondao and its Facebook page is accessible 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.”

Buying and Selling TRON

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

TRX/USD price chart by TradingView