TRON Self Reported Market Capitalization Achieves $8.91 Billion (TRX)

TRON (TRX) traded up 1.7% against the US dollar during the 24-hour period ending at 23:00 PM E.T. on August 6th. One TRON coin can now be purchased for approximately $0.12 or 0.00000219 BTC on cryptocurrency exchanges. TRON has a total market capitalization of $8.91 billion and $367.71 million worth of TRON was traded on exchanges in the last day. During the last seven days, TRON has traded 5.2% lower against the US dollar.

Here’s how related cryptocurrencies have performed during the last day:

• Tezos (XTZ) traded up 2.8% against the dollar and now trades at $0.66 or 0.00001162 BTC.
• Terra Classic (LUNC) traded up 1.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 2.5% lower against the dollar and now trades at $0.36 or 0.00000634 BTC.
• Terra (LUNA) traded up 5.4% against the dollar and now trades at $0.32 or 0.00000559 BTC.
• GXChain (GXC) traded 1.6% higher against the dollar and now trades at $0.36 or 0.00000634 BTC.
• Adshares (ADS) traded 0.9% lower against the dollar and now trades at $0.23 or 0.00000398 BTC.
• BitShares (BTS) traded down 0.3% against the dollar and now trades at $0.0019 or 0.00000003 BTC.

TRON Coin Profile

TRON (CRYPTO:TRX) uses the hashing algorithm. Its genesis date was September 26th, 2017. TRON’s total supply is 87,005,682,188 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 official message board for TRON is medium.com/@tronfoundation. 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.

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 currently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView