TRON (TRX) Reaches Self Reported Market Cap of $11.29 Billion

TRON (TRX) traded down 1% against the US dollar during the 1 day period ending at 12:00 PM E.T. on October 19th. During the last week, TRON has traded down 3.4% against the US dollar. One TRON coin can now be purchased for about $0.16 or 0.00000231 BTC on popular exchanges. TRON has a total market capitalization of $11.29 billion and $238.18 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded up 0.7% against the dollar and now trades at $0.69 or 0.00001014 BTC.
• Terra Classic (LUNC) traded 0.6% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1% higher against the dollar and now trades at $0.38 or 0.00000565 BTC.
• Terra (LUNA) traded 0.9% higher against the dollar and now trades at $0.37 or 0.00000542 BTC.
• GXChain (GXC) traded up 1.7% against the dollar and now trades at $0.37 or 0.00000547 BTC.
• Adshares (ADS) traded up 8.9% against the dollar and now trades at $0.23 or 0.00000339 BTC.
• BitShares (BTS) traded down 1.9% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

TRON Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,519,134,510 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 Twitter account is @trondao and its Facebook page is accessible here. TRON’s official website is trondao.org.

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