TRON Achieves Self Reported Market Cap of $11.48 Billion (TRX)

TRON (TRX) traded 1.1% higher against the U.S. dollar during the 1 day period ending at 20:00 PM ET on October 22nd. One TRON coin can now be purchased for approximately $0.16 or 0.00000237 BTC on major cryptocurrency exchanges. TRON has a total market cap of $11.48 billion and approximately $311.51 million worth of TRON was traded on exchanges in the last day. During the last seven days, TRON has traded up 0.8% against the U.S. dollar.

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

• Tezos (XTZ) traded 1.2% lower against the dollar and now trades at $0.69 or 0.00001017 BTC.
• Terra Classic (LUNC) traded 0.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 1% against the dollar and now trades at $0.37 or 0.00000555 BTC.
• Terra (LUNA) traded 2.2% higher against the dollar and now trades at $0.38 or 0.00000568 BTC.
• GXChain (GXC) traded down 4.3% against the dollar and now trades at $0.37 or 0.00000544 BTC.
• Adshares (ADS) traded 17.3% higher against the dollar and now trades at $0.23 or 0.00000335 BTC.
• BitShares (BTS) traded down 2.6% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,505,191,568 coins and its circulating supply is 71,659,659,264 coins. 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. 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 purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView