TRON Tops 24 Hour Volume of $349.62 Million (TRX)

TRON (TRX) traded up 2.4% against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on October 24th. During the last week, TRON has traded 2.2% higher against the U.S. dollar. TRON has a total market cap of $11.71 billion and approximately $349.62 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be bought for about $0.16 or 0.00000243 BTC on popular exchanges.

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

• Tezos (XTZ) traded 0.5% higher against the dollar and now trades at $0.67 or 0.00000994 BTC.
• Terra Classic (LUNC) traded 0.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 0.3% against the dollar and now trades at $0.36 or 0.00000541 BTC.
• Terra (LUNA) traded 0.1% higher against the dollar and now trades at $0.36 or 0.00000539 BTC.
• GXChain (GXC) traded down 0.2% against the dollar and now trades at $0.36 or 0.00000534 BTC.
• Adshares (ADS) traded down 1.3% against the dollar and now trades at $0.22 or 0.00000330 BTC.
• BitShares (BTS) traded down 2.2% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,497,856,315 coins and its circulating supply is 71,659,659,264 coins. TRON’s official website is trondao.org. 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. The official message board for TRON 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 possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView