TRON (TRX) Price Reaches $0.12 on Major Exchanges

TRON (TRX) traded down 1.8% against the U.S. dollar during the 1 day period ending at 12:00 PM ET on April 29th. One TRON coin can currently be bought for about $0.12 or 0.00000188 BTC on exchanges. TRON has a total market capitalization of $8.48 billion and approximately $326.05 million worth of TRON was traded on exchanges in the last day. Over the last week, TRON has traded up 5.9% against the U.S. dollar.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 3.8% lower against the dollar and now trades at $0.98 or 0.00001557 BTC.
• Terra Classic (LUNC) traded down 4.2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 5.4% lower against the dollar and now trades at $0.59 or 0.00000938 BTC.
• aelf (ELF) traded 9.1% lower against the dollar and now trades at $0.58 or 0.00000925 BTC.
• GXChain (GXC) traded up 0.2% against the dollar and now trades at $0.40 or 0.00000633 BTC.
• Adshares (ADS) traded down 2.7% against the dollar and now trades at $0.41 or 0.00000658 BTC.
• BitShares (BTS) traded down 5.2% against the dollar and now trades at $0.0031 or 0.00000005 BTC.

TRON Profile

TRON uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,551,548,654 coins and its circulating supply is 71,659,659,264 coins. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is trondao.org. 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.”

Buying and Selling TRON

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

TRX/USD price chart by TradingView