TRON (TRX) Self Reported Market Cap Reaches $11.87 Billion

TRON (TRX) traded 0.6% higher against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on October 25th. One TRON coin can now be purchased for $0.17 or 0.00000246 BTC on popular exchanges. During the last seven days, TRON has traded 4% higher against the U.S. dollar. TRON has a market capitalization of $11.87 billion and $420.63 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded down 1.4% against the dollar and now trades at $0.66 or 0.00000981 BTC.
• Terra Classic (LUNC) traded 2.7% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 2.8% against the dollar and now trades at $0.36 or 0.00000529 BTC.
• Terra (LUNA) traded 1.8% lower against the dollar and now trades at $0.36 or 0.00000531 BTC.
• GXChain (GXC) traded 2.4% lower against the dollar and now trades at $0.35 or 0.00000519 BTC.
• Adshares (ADS) traded 1.2% lower against the dollar and now trades at $0.22 or 0.00000329 BTC.
• BitShares (BTS) traded down 2.1% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,489,032,592 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. TRON’s official website 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.”

TRON Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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