TRON Price Tops $0.16 on Major Exchanges (TRX)

TRON (TRX) traded 3.4% higher against the U.S. dollar during the 1-day period ending at 14:00 PM Eastern on October 24th. During the last seven days, TRON has traded 3.2% higher against the U.S. dollar. One TRON coin can currently be bought for approximately $0.16 or 0.00000243 BTC on major cryptocurrency exchanges. TRON has a total market capitalization of $11.81 billion and $362.26 million worth of TRON was traded on exchanges in the last 24 hours.

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

• Tezos (XTZ) traded up 3.2% against the dollar and now trades at $0.67 or 0.00000989 BTC.
• Terra Classic (LUNC) traded up 3.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 1.5% against the dollar and now trades at $0.37 or 0.00000541 BTC.
• Terra (LUNA) traded 2.6% higher against the dollar and now trades at $0.36 or 0.00000537 BTC.
• GXChain (GXC) traded down 1.9% against the dollar and now trades at $0.35 or 0.00000518 BTC.
• Adshares (ADS) traded up 1.8% against the dollar and now trades at $0.22 or 0.00000332 BTC.
• BitShares (BTS) traded down 0.1% against the dollar and now trades at $0.0016 or 0.00000002 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,495,062,078 coins and its circulating supply is 71,659,659,264 coins. TRON’s official website is trondao.org. 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. TRON’s official Twitter account is @trondao and its Facebook page is accessible 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.”

TRON Coin Trading

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

TRX/USD price chart by TradingView