TRON Self Reported Market Cap Hits $9.63 Billion (TRX)

TRON (TRX) traded up 2.2% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on July 11th. Over the last week, TRON has traded 5.7% higher against the dollar. One TRON coin can now be purchased for about $0.13 or 0.00000234 BTC on popular cryptocurrency exchanges. TRON has a market capitalization of $9.63 billion and approximately $374.72 million worth of TRON was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Tezos (XTZ) traded 0.5% higher against the dollar and now trades at $0.75 or 0.00001307 BTC.
• Terra Classic (LUNC) traded 2.1% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 2.9% lower against the dollar and now trades at $0.37 or 0.00000646 BTC.
• aelf (ELF) traded 4.9% lower against the dollar and now trades at $0.38 or 0.00000665 BTC.
• GXChain (GXC) traded 0.6% lower against the dollar and now trades at $0.35 or 0.00000619 BTC.
• Adshares (ADS) traded 1% higher against the dollar and now trades at $0.37 or 0.00000641 BTC.
• BitShares (BTS) traded down 0.2% against the dollar and now trades at $0.0020 or 0.00000004 BTC.

TRON Profile

TRON uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 87,135,911,680 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. The official website for TRON 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.”

Buying and Selling TRON

It is usually not possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. 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