TRON Trading Up 4.4% This Week (TRX)

TRON (TRX) traded down 1% against the U.S. dollar during the 1-day period ending at 10:00 AM Eastern on October 26th. One TRON coin can currently be purchased for about $0.16 or 0.00000246 BTC on popular exchanges. TRON has a market capitalization of $11.79 billion and $487.83 million worth of TRON was traded on exchanges in the last 24 hours. During the last seven days, TRON has traded 4.4% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Tezos (XTZ) traded down 7.1% against the dollar and now trades at $0.62 or 0.00000935 BTC.
• Terra Classic (LUNC) traded 6.7% lower 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 $0.35 or 0.00000521 BTC.
• Terra (LUNA) traded down 10.8% against the dollar and now trades at $0.33 or 0.00000488 BTC.
• GXChain (GXC) traded 0.5% lower against the dollar and now trades at $0.35 or 0.00000523 BTC.
• Adshares (ADS) traded down 2.2% against the dollar and now trades at $0.22 or 0.00000327 BTC.
• BitShares (BTS) traded down 3.2% against the dollar and now trades at $0.0015 or 0.00000002 BTC.

About TRON

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 86,486,315,107 coins and its circulating supply is 71,659,659,264 coins. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. The official website for TRON is trondao.org. TRON’s official message board is medium.com/@tronfoundation. TRON’s official Twitter account is @trondao and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to acquire TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView