TRON (TRX) Price Hits $0.20 on Exchanges

TRON (TRX) traded 3.5% higher against the U.S. dollar during the 24 hour period ending at 10:00 AM ET on November 18th. TRON has a market capitalization of $17.57 billion and approximately $862.87 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can now be bought for $0.20 or 0.00000225 BTC on cryptocurrency exchanges. During the last week, TRON has traded 23.3% higher against the U.S. dollar.

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

• Tezos (XTZ) traded 13.1% higher against the dollar and now trades at $0.91 or 0.00001001 BTC.
• Terra Classic (LUNC) traded 0.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 3.8% lower against the dollar and now trades at $0.44 or 0.00000485 BTC.
• aelf (ELF) traded 1% higher against the dollar and now trades at $0.39 or 0.00000433 BTC.
• GXChain (GXC) traded 3.2% lower against the dollar and now trades at $0.38 or 0.00000419 BTC.
• Adshares (ADS) traded up 2.5% against the dollar and now trades at $0.31 or 0.00000346 BTC.
• BitShares (BTS) traded 0.8% higher against the dollar and now trades at $0.0020 or 0.00000002 BTC.

TRON Profile

TRX uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,372,196,411 coins and its circulating supply is 86,372,154,864 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView