TRON Price Tops $0.12 on Exchanges (TRX)

TRON (TRX) traded 3% lower against the dollar during the twenty-four hour period ending at 12:00 PM ET on August 2nd. TRON has a market capitalization of $8.83 billion and $341.66 million worth of TRON was traded on exchanges in the last day. One TRON coin can currently be purchased for approximately $0.12 or 0.00000195 BTC on exchanges. Over the last seven days, TRON has traded 10.3% lower against the dollar.

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

• Tezos (XTZ) traded down 0.1% against the dollar and now trades at $0.69 or 0.00001092 BTC.
• Terra Classic (LUNC) traded up 1.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 22.2% higher against the dollar and now trades at $0.44 or 0.00000687 BTC.
• Terra (LUNA) traded up 1.7% against the dollar and now trades at $0.36 or 0.00000561 BTC.
• GXChain (GXC) traded up 10.8% against the dollar and now trades at $0.40 or 0.00000638 BTC.
• Adshares (ADS) traded down 3.7% against the dollar and now trades at $0.26 or 0.00000412 BTC.
• BitShares (BTS) traded 1.4% lower against the dollar and now trades at $0.0020 or 0.00000003 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 87,028,124,115 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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.”

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 Changelly, 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