TRON Tops 24 Hour Trading Volume of $165.78 Million (TRX)

TRON (TRX) traded 0.8% higher against the US dollar during the 1-day period ending at 16:00 PM ET on June 16th. One TRON coin can currently be purchased for $0.12 or 0.00000175 BTC on cryptocurrency exchanges. TRON has a total market capitalization of $8.33 billion and $165.78 million worth of TRON was traded on exchanges in the last day. During the last week, TRON has traded down 0.4% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Tezos (XTZ) traded 0.1% higher against the dollar and now trades at $0.81 or 0.00001219 BTC.
• Terra Classic (LUNC) traded up 9.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 5.6% against the dollar and now trades at $0.52 or 0.00000780 BTC.
• aelf (ELF) traded 3.8% lower against the dollar and now trades at $0.40 or 0.00000595 BTC.
• GXChain (GXC) traded up 2.7% against the dollar and now trades at $0.39 or 0.00000592 BTC.
• Adshares (ADS) traded up 2.6% against the dollar and now trades at $0.47 or 0.00000702 BTC.
• BitShares (BTS) traded down 1.2% against the dollar and now trades at $0.0028 or 0.00000004 BTC.

About TRON

TRX uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 87,279,384,772 coins and its circulating supply is 71,659,659,264 coins. The official message board for TRON is medium.com/@tronfoundation. The official website for TRON 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.

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 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, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView