TRON (TRX) Achieves Self Reported Market Cap of $10.98 Billion

TRON (TRX) traded down 0.7% against the dollar during the 24-hour period ending at 17:00 PM Eastern on September 10th. In the last week, TRON has traded 1.5% higher against the dollar. TRON has a total market capitalization of $10.98 billion and approximately $297.55 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can currently be purchased for approximately $0.15 or 0.00000266 BTC on popular cryptocurrency exchanges.

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

• Tezos (XTZ) traded 0.5% higher against the dollar and now trades at $0.65 or 0.00001121 BTC.
• Terra Classic (LUNC) traded up 4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 13.2% against the dollar and now trades at $0.40 or 0.00000687 BTC.
• aelf (ELF) traded 1.2% higher against the dollar and now trades at $0.37 or 0.00000644 BTC.
• GXChain (GXC) traded down 11.7% against the dollar and now trades at $0.27 or 0.00000471 BTC.
• Adshares (ADS) traded 2.4% higher against the dollar and now trades at $0.21 or 0.00000369 BTC.
• BitShares (BTS) traded 2.8% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

TRON Coin Profile

TRON (TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 86,715,550,137 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. 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 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 presently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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