TRON (TRX) Hits Self Reported Market Cap of $19.76 Billion

TRON (TRX) traded 0.8% higher against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on February 26th. One TRON coin can currently be purchased for $0.23 or 0.00000263 BTC on major exchanges. TRON has a total market cap of $19.76 billion and approximately $865.30 million worth of TRON was traded on exchanges in the last 24 hours. In the last seven days, TRON has traded down 4.8% against the U.S. dollar.

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

• Tezos (XTZ) traded up 2% against the dollar and now trades at $0.78 or 0.00000888 BTC.
• Terra Classic (LUNC) traded 3.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 3% against the dollar and now trades at $0.26 or 0.00000301 BTC.
• Terra (LUNA) traded up 5.3% against the dollar and now trades at $0.23 or 0.00000261 BTC.
• Adshares (ADS) traded up 0.7% against the dollar and now trades at $0.54 or 0.00000623 BTC.
• GXChain (GXC) traded 3.5% higher against the dollar and now trades at $0.25 or 0.00000290 BTC.
• BitShares (BTS) traded up 1.3% against the dollar and now trades at $0.0011 or 0.00000001 BTC.

TRON Profile

TRON uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 86,076,143,707 coins and its circulating supply is 86,076,107,042 coins. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. The official website for TRON is trondao.org. The official message board for TRON is medium.com/@tronfoundation. 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.”

Buying and Selling TRON

It is usually not currently possible to purchase alternative cryptocurrencies such as TRON directly using U.S. dollars. Investors seeking to acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. 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