TRON Reaches Self Reported Market Cap of $7.28 Billion (TRX)

TRON (TRX) traded down 3% against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on November 21st. One TRON coin can now be purchased for approximately $0.10 or 0.00000273 BTC on major exchanges. TRON has a market cap of $7.28 billion and approximately $274.36 million worth of TRON was traded on exchanges in the last 24 hours. During the last week, TRON has traded 3.6% lower against the U.S. dollar.

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

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded down 2.3% against the dollar and now trades at $0.84 or 0.00002257 BTC.
• Terra Classic (LUNC) traded down 3.3% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 4.7% lower against the dollar and now trades at $0.62 or 0.00001656 BTC.
• aelf (ELF) traded 16.1% lower against the dollar and now trades at $0.48 or 0.00001291 BTC.
• BitShares (BTS) traded 1.3% lower against the dollar and now trades at $0.0108 or 0.00000029 BTC.
• Adshares (ADS) traded down 0.4% against the dollar and now trades at $0.67 or 0.00001797 BTC.
• GXChain (GXC) traded down 0.6% against the dollar and now trades at $0.31 or 0.00000836 BTC.

About TRON

TRX uses the hashing algorithm. Its launch date was September 26th, 2017. TRON’s total supply is 88,612,634,538 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. TRON’s official message board is medium.com/@tronfoundation. TRON’s official website is tron.network. TRON’s official Twitter account is @justinsuntron 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.”

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, Coinbase or Changelly. 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