TRON Price Hits $0.16 on Exchanges (TRX)

TRON (TRX) traded down 0.1% against the dollar during the one day period ending at 16:00 PM Eastern on October 17th. Over the last seven days, TRON has traded up 0.5% against the dollar. One TRON coin can currently be bought for about $0.16 or 0.00000238 BTC on cryptocurrency exchanges. TRON has a market capitalization of $11.44 billion and $258.38 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded down 2.8% against the dollar and now trades at $0.67 or 0.00001003 BTC.
• Terra Classic (LUNC) traded down 2.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1.4% against the dollar and now trades at $0.38 or 0.00000563 BTC.
• Terra (LUNA) traded down 1.6% against the dollar and now trades at $0.36 or 0.00000540 BTC.
• GXChain (GXC) traded 1.1% higher against the dollar and now trades at $0.36 or 0.00000536 BTC.
• Adshares (ADS) traded 4.6% lower against the dollar and now trades at $0.22 or 0.00000327 BTC.
• BitShares (BTS) traded 0.1% lower against the dollar and now trades at $0.0017 or 0.00000003 BTC.

About TRON

TRON uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,526,169,473 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. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official message board is medium.com/@tronfoundation.

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

TRX/USD price chart by TradingView