TRON Price Tops $0.11 on Top Exchanges (TRX)

TRON (TRX) traded 0.8% lower against the US dollar during the one day period ending at 23:00 PM Eastern on May 25th. TRON has a total market capitalization of $8.14 billion and approximately $257.35 million worth of TRON was traded on exchanges in the last 24 hours. One TRON coin can now be purchased for $0.11 or 0.00000165 BTC on popular cryptocurrency exchanges. During the last week, TRON has traded down 7.2% against the US dollar.

Here is how other 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 0.4% higher against the dollar and now trades at $0.99 or 0.00001435 BTC.
• Terra Classic (LUNC) traded 0.4% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded down 0.4% against the dollar and now trades at $0.61 or 0.00000882 BTC.
• aelf (ELF) traded 0.6% lower against the dollar and now trades at $0.52 or 0.00000754 BTC.
• GXChain (GXC) traded down 3% against the dollar and now trades at $0.41 or 0.00000597 BTC.
• Adshares (ADS) traded down 2% against the dollar and now trades at $0.38 or 0.00000557 BTC.
• BitShares (BTS) traded 0.2% higher against the dollar and now trades at $0.0032 or 0.00000005 BTC.

About TRON

TRX uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,408,785,430 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 website is trondao.org. The official message board for TRON 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.”

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. 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