TRON Reaches Self Reported Market Cap of $20.55 Billion (TRX)

TRON (TRX) traded 3.1% lower against the US dollar during the 1 day period ending at 10:00 AM ET on January 29th. One TRON coin can currently be purchased for about $0.24 or 0.00000234 BTC on major cryptocurrency exchanges. During the last seven days, TRON has traded down 7% against the US dollar. TRON has a market cap of $20.55 billion and $505.17 million worth of TRON was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded 3.2% lower against the dollar and now trades at $1.05 or 0.00001034 BTC.
• Terra Classic (LUNC) traded 3.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.6% lower against the dollar and now trades at $0.34 or 0.00000335 BTC.
• Terra (LUNA) traded 4.2% lower against the dollar and now trades at $0.31 or 0.00000302 BTC.
• Adshares (ADS) traded down 2.2% against the dollar and now trades at $0.62 or 0.00000612 BTC.
• GXChain (GXC) traded down 4.8% against the dollar and now trades at $0.31 or 0.00000302 BTC.
• BitShares (BTS) traded down 3.1% against the dollar and now trades at $0.0010 or 0.00000001 BTC.

TRON Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,129,219,897 coins and its circulating supply is 86,129,191,591 coins. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is trondao.org. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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 acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, 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