TRON Self Reported Market Cap Hits $11.89 Billion (TRX)

TRON (TRX) traded 1% higher against the dollar during the 24 hour period ending at 18:00 PM E.T. on October 29th. One TRON coin can currently be purchased for $0.17 or 0.00000230 BTC on popular cryptocurrency exchanges. TRON has a market capitalization of $11.89 billion and $412.28 million worth of TRON was traded on exchanges in the last 24 hours. During the last week, TRON has traded 3.4% higher against the dollar.

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

• Tezos (XTZ) traded 4.1% higher against the dollar and now trades at $0.67 or 0.00000934 BTC.
• Terra Classic (LUNC) traded up 0.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1.2% against the dollar and now trades at $0.36 or 0.00000499 BTC.
• Terra (LUNA) traded 2.1% higher against the dollar and now trades at $0.35 or 0.00000483 BTC.
• GXChain (GXC) traded 9.2% higher against the dollar and now trades at $0.38 or 0.00000524 BTC.
• Adshares (ADS) traded up 3.2% against the dollar and now trades at $0.23 or 0.00000318 BTC.
• BitShares (BTS) traded up 1.6% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

TRON Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,472,711,919 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. The official message board for TRON is medium.com/@tronfoundation. TRON’s official website is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here.

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 presently possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. 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