TRON (TRX) Price Hits $0.11 on Major Exchanges

TRON (TRX) traded 1.9% lower against the US dollar during the 1-day period ending at 12:00 PM E.T. on June 18th. One TRON coin can now be bought for $0.11 or 0.00000178 BTC on popular cryptocurrency exchanges. In the last week, TRON has traded 1.6% lower against the US dollar. TRON has a total market cap of $8.24 billion and approximately $348.55 million worth of TRON was traded on exchanges in the last 24 hours.

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

• Tezos (XTZ) traded down 4.9% against the dollar and now trades at $0.72 or 0.00001120 BTC.
• Terra Classic (LUNC) traded down 4.1% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 10.1% against the dollar and now trades at $0.43 or 0.00000665 BTC.
• aelf (ELF) traded 9.4% higher against the dollar and now trades at $0.38 or 0.00000592 BTC.
• GXChain (GXC) traded 0.6% lower against the dollar and now trades at $0.37 or 0.00000570 BTC.
• Adshares (ADS) traded 5.5% lower against the dollar and now trades at $0.41 or 0.00000637 BTC.
• BitShares (BTS) traded 2.4% lower against the dollar and now trades at $0.0026 or 0.00000004 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,266,670,695 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. 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 acquire TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX 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