TRON Price Tops $0.12 on Major Exchanges (TRX)

TRON (TRX) traded up 0.9% against the dollar during the 24-hour period ending at 19:00 PM E.T. on June 28th. One TRON coin can currently be bought for $0.12 or 0.00000204 BTC on popular cryptocurrency exchanges. TRON has a market cap of $8.81 billion and approximately $241.73 million worth of TRON was traded on exchanges in the last day. Over the last seven days, TRON has traded up 3.9% against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Tezos (XTZ) traded down 2.4% against the dollar and now trades at $0.76 or 0.00001256 BTC.
• Terra Classic (LUNC) traded down 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 2.4% against the dollar and now trades at $0.42 or 0.00000695 BTC.
• aelf (ELF) traded down 1.6% against the dollar and now trades at $0.36 or 0.00000589 BTC.
• GXChain (GXC) traded up 15% against the dollar and now trades at $0.40 or 0.00000659 BTC.
• Adshares (ADS) traded 1.5% lower against the dollar and now trades at $0.40 or 0.00000666 BTC.
• BitShares (BTS) traded 0% higher against the dollar and now trades at $0.0025 or 0.00000004 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,207,233,668 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. The official website for TRON 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 buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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