TRON (TRX) Price Down 3.2% Over Last Week

TRON (TRX) traded 1.2% higher against the dollar during the twenty-four hour period ending at 11:00 AM E.T. on November 6th. TRON has a total market cap of $11.72 billion and approximately $557.16 million worth of TRON was traded on exchanges in the last 24 hours. In the last week, TRON has traded 3.2% lower against the dollar. One TRON coin can currently be purchased for about $0.16 or 0.00000220 BTC on cryptocurrency exchanges.

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

• Tezos (XTZ) traded up 4.6% against the dollar and now trades at $0.64 or 0.00000864 BTC.
• Terra Classic (LUNC) traded 3.8% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 3.6% higher against the dollar and now trades at $0.35 or 0.00000466 BTC.
• Terra (LUNA) traded 5.2% higher against the dollar and now trades at $0.33 or 0.00000446 BTC.
• GXChain (GXC) traded 1.8% lower against the dollar and now trades at $0.34 or 0.00000453 BTC.
• Adshares (ADS) traded 2.4% higher against the dollar and now trades at $0.23 or 0.00000313 BTC.
• BitShares (BTS) traded up 5.5% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,434,862,155 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. The official website for TRON is trondao.org. 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.

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 US dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView