TRON (TRX) Price Reaches $0.16 on Top Exchanges

TRON (TRX) traded down 1.7% against the US dollar during the twenty-four hour period ending at 17:00 PM ET on November 5th. One TRON coin can now be purchased for $0.16 or 0.00000230 BTC on exchanges. TRON has a total market capitalization of $11.48 billion and $364.51 million worth of TRON was traded on exchanges in the last day. In the last week, TRON has traded 3.3% lower against the US dollar.

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

• Tezos (XTZ) traded 4.5% higher against the dollar and now trades at $0.61 or 0.00000882 BTC.
• Terra Classic (LUNC) traded 4.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 3.3% against the dollar and now trades at $0.33 or 0.00000476 BTC.
• Terra (LUNA) traded 5.1% higher against the dollar and now trades at $0.31 or 0.00000448 BTC.
• GXChain (GXC) traded 2.8% lower against the dollar and now trades at $0.34 or 0.00000494 BTC.
• Adshares (ADS) traded up 2% against the dollar and now trades at $0.23 or 0.00000325 BTC.
• BitShares (BTS) traded 1.7% higher against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,440,139,322 coins and its circulating supply is 71,659,659,264 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is trondao.org. 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 possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView