TRON Price Up 20.5% Over Last Week (TRX)

TRON (TRX) traded up 1.1% against the U.S. dollar during the one day period ending at 7:00 AM E.T. on August 25th. One TRON coin can now be purchased for about $0.16 or 0.00000252 BTC on popular exchanges. TRON has a total market cap of $11.53 billion and approximately $628.47 million worth of TRON was traded on exchanges in the last day. In the last seven days, TRON has traded up 20.5% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Tezos (XTZ) traded 1.2% lower against the dollar and now trades at $0.74 or 0.00001149 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 7.8% higher against the dollar and now trades at $0.41 or 0.00000635 BTC.
• aelf (ELF) traded down 3% against the dollar and now trades at $0.41 or 0.00000641 BTC.
• GXChain (GXC) traded down 0.7% against the dollar and now trades at $0.37 or 0.00000585 BTC.
• Adshares (ADS) traded 0.5% lower against the dollar and now trades at $0.23 or 0.00000357 BTC.
• BitShares (BTS) traded 0.1% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,852,249,178 coins and its circulating supply is 71,659,659,264 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official message board for TRON is medium.com/@tronfoundation. 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.

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 presently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView