TRON Self Reported Market Cap Hits $27.19 Billion (TRX)

TRON (TRX) traded down 1.5% against the dollar during the 1-day period ending at 9:00 AM E.T. on December 8th. TRON has a market cap of $27.19 billion and approximately $1.18 billion worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be purchased for $0.32 or 0.00000314 BTC on major exchanges. During the last week, TRON has traded up 51% against the dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded 5.1% lower against the dollar and now trades at $1.75 or 0.00001748 BTC.
• Terra Classic (LUNC) traded down 1.8% against the dollar and now trades at $0.0002 or 0.00000000 BTC.
• Terra (LUNA) traded 1% lower against the dollar and now trades at $0.71 or 0.00000713 BTC.
• aelf (ELF) traded down 1.2% against the dollar and now trades at $0.59 or 0.00000592 BTC.
• GXChain (GXC) traded 25.9% lower against the dollar and now trades at $0.56 or 0.00000559 BTC.
• Adshares (ADS) traded 5.1% lower against the dollar and now trades at $0.76 or 0.00000759 BTC.
• BitShares (BTS) traded down 2.2% against the dollar and now trades at $0.0039 or 0.00000004 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,270,118,930 coins and its circulating supply is 86,270,101,520 coins. The official website for TRON 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 possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView