TRON Self Reported Market Cap Hits $11.99 Billion (TRX)

TRON (TRX) traded down 0.2% against the U.S. dollar during the 24-hour period ending at 17:00 PM E.T. on November 1st. One TRON coin can now be bought for about $0.17 or 0.00000242 BTC on major cryptocurrency exchanges. In the last seven days, TRON has traded 1.8% higher against the U.S. dollar. TRON has a market cap of $11.99 billion and $393.71 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded 0% higher against the dollar and now trades at $0.63 or 0.00000908 BTC.
• Terra Classic (LUNC) traded down 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.7% higher against the dollar and now trades at $0.35 or 0.00000507 BTC.
• Terra (LUNA) traded up 0.1% against the dollar and now trades at $0.34 or 0.00000488 BTC.
• GXChain (GXC) traded 7.4% lower against the dollar and now trades at $0.35 or 0.00000512 BTC.
• Adshares (ADS) traded 0.4% higher against the dollar and now trades at $0.22 or 0.00000316 BTC.
• BitShares (BTS) traded 1.3% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Profile

TRON uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,456,568,006 coins and its circulating supply is 71,659,659,264 coins. TRON’s official website is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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.

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 US dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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