TRON (TRX) Achieves Self Reported Market Cap of $11.53 Billion

TRON (TRX) traded 1.1% higher against the dollar during the 1-day period ending at 7:00 AM E.T. on August 25th. During the last week, TRON has traded up 20.5% against the dollar. One TRON coin can now be bought for $0.16 or 0.00000252 BTC on major cryptocurrency exchanges. TRON has a market cap of $11.53 billion and $628.47 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded 1.2% lower against the dollar and now trades at $0.74 or 0.00001149 BTC.
• Terra Classic (LUNC) traded up 0.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 7.8% against the dollar and now trades at $0.41 or 0.00000635 BTC.
• aelf (ELF) traded down 3% against the dollar and now trades at $0.41 or 0.00000641 BTC.
• GXChain (GXC) traded 0.7% lower against the dollar and now trades at $0.37 or 0.00000585 BTC.
• Adshares (ADS) traded 0.5% lower against the dollar and now trades at $0.23 or 0.00000357 BTC.
• BitShares (BTS) traded 0.1% lower against the dollar and now trades at $0.0018 or 0.00000003 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,852,249,178 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. TRON’s official website is trondao.org. TRON’s official message board is medium.com/@tronfoundation. 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 buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView