TRON (TRX) Hits Self Reported Market Cap of $8.08 Billion

TRON (TRX) traded up 1.2% against the US dollar during the 24-hour period ending at 11:00 AM Eastern on April 23rd. One TRON coin can currently be purchased for about $0.11 or 0.00000168 BTC on popular exchanges. TRON has a total market cap of $8.08 billion and $274.71 million worth of TRON was traded on exchanges in the last day. During the last week, TRON has traded up 2.7% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Tezos (XTZ) traded 0.8% higher against the dollar and now trades at $1.06 or 0.00001586 BTC.
• Terra Classic (LUNC) traded 2.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 2.2% against the dollar and now trades at $0.68 or 0.00001010 BTC.
• aelf (ELF) traded up 2.8% against the dollar and now trades at $0.60 or 0.00000900 BTC.
• GXChain (GXC) traded up 2.6% against the dollar and now trades at $0.43 or 0.00000638 BTC.
• Adshares (ADS) traded up 0.5% against the dollar and now trades at $0.43 or 0.00000648 BTC.
• BitShares (BTS) traded 0.2% lower against the dollar and now trades at $0.0033 or 0.00000005 BTC.

TRON Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. It was first traded on September 26th, 2017. TRON’s total supply is 87,583,971,260 coins and its circulating supply is 71,659,659,264 coins. 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. 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 currently possible to buy alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the exchanges listed above.

TRX/USD price chart by TradingView