TRON (TRX) Price Hits $0.16 on Top Exchanges

TRON (TRX) traded down 1.2% against the dollar during the 1 day period ending at 21:00 PM Eastern on October 25th. Over the last seven days, TRON has traded 2.9% higher against the dollar. TRON has a total market cap of $11.68 billion and approximately $547.59 million worth of TRON was traded on exchanges in the last day. One TRON coin can now be purchased for approximately $0.16 or 0.00000245 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Tezos (XTZ) traded 5.7% lower against the dollar and now trades at $0.63 or 0.00000946 BTC.
• Terra Classic (LUNC) traded down 4.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 5.2% lower against the dollar and now trades at $0.35 or 0.00000522 BTC.
• Terra (LUNA) traded down 10.3% against the dollar and now trades at $0.33 or 0.00000491 BTC.
• GXChain (GXC) traded up 2% against the dollar and now trades at $0.37 or 0.00000550 BTC.
• Adshares (ADS) traded 2.7% lower against the dollar and now trades at $0.22 or 0.00000328 BTC.
• BitShares (BTS) traded down 3.5% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

TRON Coin Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 86,488,625,238 coins and its circulating supply is 71,659,659,264 coins. The official message board for TRON is medium.com/@tronfoundation. TRON’s official website is trondao.org. 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.

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 currently possible to buy alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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