TRON (TRX) Price Reaches $0.16 on Major Exchanges

TRON (TRX) traded down 1.3% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on August 28th. Over the last seven days, TRON has traded 2% lower against the U.S. dollar. TRON has a market capitalization of $11.40 billion and $680.96 million worth of TRON was traded on exchanges in the last day. One TRON coin can currently be bought for approximately $0.16 or 0.00000266 BTC on cryptocurrency exchanges.

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

• Tezos (XTZ) traded 3.2% lower against the dollar and now trades at $0.68 or 0.00001134 BTC.
• Terra Classic (LUNC) traded 1.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 0.6% lower against the dollar and now trades at $0.37 or 0.00000615 BTC.
• aelf (ELF) traded down 0.4% against the dollar and now trades at $0.39 or 0.00000652 BTC.
• GXChain (GXC) traded down 6.8% against the dollar and now trades at $0.34 or 0.00000574 BTC.
• Adshares (ADS) traded down 2.2% against the dollar and now trades at $0.22 or 0.00000373 BTC.
• BitShares (BTS) traded down 1.6% against the dollar and now trades at $0.0018 or 0.00000003 BTC.

About TRON

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,810,556,797 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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.

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 purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView