TRON (TRX) Price Hits $0.24 on Exchanges

TRON (TRX) traded 4.1% lower against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on February 22nd. TRON has a market capitalization of $20.33 billion and $579.71 million worth of TRON was traded on exchanges in the last 24 hours. Over the last seven days, TRON has traded 0.2% higher against the U.S. dollar. One TRON coin can now be bought for about $0.24 or 0.00000245 BTC on exchanges.

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

• Tezos (XTZ) traded 2% lower against the dollar and now trades at $0.89 or 0.00000922 BTC.
• Terra Classic (LUNC) traded 4.9% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.2% lower against the dollar and now trades at $0.29 or 0.00000303 BTC.
• Terra (LUNA) traded 4.8% lower against the dollar and now trades at $0.25 or 0.00000260 BTC.
• Adshares (ADS) traded down 2.3% against the dollar and now trades at $0.57 or 0.00000587 BTC.
• GXChain (GXC) traded 3.8% lower against the dollar and now trades at $0.25 or 0.00000261 BTC.
• BitShares (BTS) traded up 0.5% against the dollar and now trades at $0.0012 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 86,083,321,456 coins and its circulating supply is 86,083,311,543 coins. 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. TRON’s official website is trondao.org. The official message board for TRON is medium.com/@tronfoundation.

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 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 Coinbase, Gemini 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