TRON (TRX) Self Reported Market Capitalization Achieves $8.14 Billion

TRON (TRX) traded up 1.7% against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on April 23rd. In the last week, TRON has traded 0.7% higher against the U.S. dollar. TRON has a market capitalization of $8.14 billion and approximately $274.56 million worth of TRON was traded on exchanges in the last day. One TRON coin can currently be bought for $0.11 or 0.00000170 BTC on popular exchanges.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded up 1.7% against the dollar and now trades at $1.07 or 0.00001604 BTC.
• Terra Classic (LUNC) traded up 1.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 2.1% against the dollar and now trades at $0.68 or 0.00001013 BTC.
• aelf (ELF) traded 3.3% higher against the dollar and now trades at $0.60 or 0.00000905 BTC.
• GXChain (GXC) traded up 0.9% against the dollar and now trades at $0.43 or 0.00000642 BTC.
• Adshares (ADS) traded up 0.9% against the dollar and now trades at $0.44 or 0.00000652 BTC.
• BitShares (BTS) traded down 2.1% against the dollar and now trades at $0.0032 or 0.00000005 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 87,580,974,184 coins and its circulating supply is 71,659,659,264 coins. 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. 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.”

Buying and Selling TRON

It is usually not currently possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView