TRON Reaches 24 Hour Volume of $1.22 Billion (TRX)

TRON (TRX) traded 3.1% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on January 9th. One TRON coin can now be bought for $0.24 or 0.00000260 BTC on popular exchanges. TRON has a total market cap of $21.03 billion and $1.22 billion worth of TRON was traded on exchanges in the last 24 hours. During the last week, TRON has traded 7% lower against the dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded 3.5% lower against the dollar and now trades at $1.28 or 0.00001363 BTC.
• Terra Classic (LUNC) traded 3.2% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 4.5% higher against the dollar and now trades at $0.48 or 0.00000514 BTC.
• Terra (LUNA) traded 4.9% lower against the dollar and now trades at $0.42 or 0.00000448 BTC.
• GXChain (GXC) traded down 3.8% against the dollar and now trades at $0.39 or 0.00000415 BTC.
• Adshares (ADS) traded 0% lower against the dollar and now trades at $0.70 or 0.00000751 BTC.
• BitShares (BTS) traded 7.8% lower against the dollar and now trades at $0.0014 or 0.00000002 BTC.

About TRON

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,180,533,172 coins and its circulating supply is 86,180,484,559 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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. 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 presently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. 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