TRON Self Reported Market Cap Achieves $21.34 Billion (TRX)

TRON (TRX) traded up 4% against the dollar during the 24-hour period ending at 10:00 AM Eastern on March 18th. Over the last seven days, TRON has traded 0.4% lower against the dollar. One TRON coin can now be purchased for approximately $0.22 or 0.00000276 BTC on exchanges. TRON has a total market capitalization of $21.34 billion and approximately $717.13 million worth of TRON was traded on exchanges in the last day.

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

• Tezos (XTZ) traded 1.1% lower against the dollar and now trades at $0.69 or 0.00000848 BTC.
• Terra Classic (LUNC) traded down 1.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded down 4.1% against the dollar and now trades at $0.24 or 0.00000290 BTC.
• Terra (LUNA) traded 4.5% lower against the dollar and now trades at $0.20 or 0.00000247 BTC.
• Adshares (ADS) traded 1.4% lower against the dollar and now trades at $0.54 or 0.00000659 BTC.
• GXChain (GXC) traded 0.9% lower against the dollar and now trades at $0.27 or 0.00000334 BTC.
• BitShares (BTS) traded down 1.2% against the dollar and now trades at $0.0010 or 0.00000001 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 95,022,558,525 coins and its circulating supply is 95,022,469,606 coins. 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 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.

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 purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView