TRON (TRX) Self Reported Market Capitalization Achieves $8.44 Billion

TRON (TRX) traded 0.1% lower against the US dollar during the 24-hour period ending at 8:00 AM E.T. on April 4th. One TRON coin can currently be purchased for about $0.12 or 0.00000177 BTC on major cryptocurrency exchanges. TRON has a market capitalization of $8.44 billion and $278.59 million worth of TRON was traded on exchanges in the last day. Over the last seven days, TRON has traded 2% lower against the US dollar.

Here is 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 up 0.9% against the dollar and now trades at $1.25 or 0.00001886 BTC.
  • Terra Classic (LUNC) traded down 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Terra (LUNA) traded 3.2% lower against the dollar and now trades at $0.93 or 0.00001398 BTC.
  • aelf (ELF) traded 1.2% higher against the dollar and now trades at $0.59 or 0.00000892 BTC.
  • GXChain (GXC) traded down 10.4% against the dollar and now trades at $0.42 or 0.00000627 BTC.
  • Adshares (ADS) traded up 5.2% against the dollar and now trades at $0.44 or 0.00000656 BTC.
  • BitShares (BTS) traded 0.9% higher against the dollar and now trades at $0.0039 or 0.00000006 BTC.

TRON Coin Profile

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,706,357,853 coins and its circulating supply is 71,659,659,264 coins. 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. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website 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 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TRON using one of the exchanges listed above.

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