TRON Self Reported Market Cap Tops $11.16 Billion (TRX)

TRON (TRX) traded down 0.3% against the US dollar during the 24-hour period ending at 0:00 AM ET on October 20th. One TRON coin can now be bought for $0.16 or 0.00000226 BTC on popular exchanges. During the last week, TRON has traded down 4.2% against the US dollar. TRON has a total market cap of $11.16 billion and $228.25 million worth of TRON was traded on exchanges in the last 24 hours.

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

• Tezos (XTZ) traded 2.1% higher against the dollar and now trades at $0.71 or 0.00001026 BTC.
• Terra Classic (LUNC) traded 2.5% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 1.2% higher against the dollar and now trades at $0.39 or 0.00000566 BTC.
• Terra (LUNA) traded 2.7% higher against the dollar and now trades at $0.38 or 0.00000552 BTC.
• GXChain (GXC) traded down 4.3% against the dollar and now trades at $0.35 or 0.00000503 BTC.
• Adshares (ADS) traded down 0.7% against the dollar and now trades at $0.23 or 0.00000332 BTC.
• BitShares (BTS) traded 2.3% lower against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,516,030,375 coins and its circulating supply is 71,659,659,264 coins. The official message board for TRON is medium.com/@tronfoundation. 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. TRON’s official website is trondao.org.

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 buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView