TRON Trading Down 3.1% This Week (TRX)

TRON (TRX) traded up 1.2% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on September 16th. TRON has a market capitalization of $10.69 billion and $294.24 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be bought for approximately $0.15 or 0.00000254 BTC on major exchanges. During the last seven days, TRON has traded down 3.1% against the US dollar.

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

• Tezos (XTZ) traded down 3% against the dollar and now trades at $0.63 or 0.00001069 BTC.
• Terra Classic (LUNC) traded down 5.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 9.4% lower against the dollar and now trades at $0.38 or 0.00000651 BTC.
• aelf (ELF) traded 5.2% lower against the dollar and now trades at $0.35 or 0.00000599 BTC.
• GXChain (GXC) traded up 2% against the dollar and now trades at $0.31 or 0.00000531 BTC.
• Adshares (ADS) traded down 27.1% against the dollar and now trades at $0.20 or 0.00000337 BTC.
• BitShares (BTS) traded down 0.2% against the dollar and now trades at $0.0017 or 0.00000003 BTC.

TRON Coin Profile

TRON uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,693,337,593 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board 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.”

TRON Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade 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 aforementioned exchanges.

TRX/USD price chart by TradingView