TRON (TRX) Self Reported Market Cap Achieves $9.52 Billion

TRON (TRX) traded down 3.9% against the dollar during the twenty-four hour period ending at 16:00 PM Eastern on July 30th. One TRON coin can currently be bought for $0.13 or 0.00000201 BTC on popular exchanges. In the last seven days, TRON has traded down 0.5% against the dollar. TRON has a total market cap of $9.52 billion and approximately $274.01 million worth of TRON was traded on exchanges in the last 24 hours.

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

• Tezos (XTZ) traded 1.9% lower against the dollar and now trades at $0.75 or 0.00001130 BTC.
• Terra Classic (LUNC) traded down 4.7% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 4.1% lower against the dollar and now trades at $0.39 or 0.00000594 BTC.
• aelf (ELF) traded 3.7% lower against the dollar and now trades at $0.38 or 0.00000578 BTC.
• GXChain (GXC) traded down 0.2% against the dollar and now trades at $0.35 or 0.00000528 BTC.
• Adshares (ADS) traded down 3.7% against the dollar and now trades at $0.30 or 0.00000460 BTC.
• BitShares (BTS) traded 2% lower against the dollar and now trades at $0.0022 or 0.00000003 BTC.

About TRON

TRON (TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,046,619,023 coins and its circulating supply is 71,659,659,264 coins. The official website for TRON is trondao.org. The Reddit community for TRON is https://reddit.com/r/tronix and the currency’s Github account can be viewed here. TRON’s official Twitter account is @trondao and its Facebook page is accessible here. 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 possible to purchase alternative cryptocurrencies such as TRON directly using US dollars. Investors seeking to trade TRON should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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