TRON Price Up 8.9% Over Last Week (TRX)

TRON (TRX) traded 3.1% higher against the dollar during the one day period ending at 22:00 PM Eastern on July 12th. One TRON coin can currently be bought for about $0.14 or 0.00000239 BTC on popular exchanges. In the last seven days, TRON has traded up 8.9% against the dollar. TRON has a total market capitalization of $9.91 billion and approximately $327.41 million worth of TRON was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Tezos (XTZ) traded up 2.5% against the dollar and now trades at $0.77 or 0.00001334 BTC.
• Terra Classic (LUNC) traded up 2.5% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 1.3% higher against the dollar and now trades at $0.38 or 0.00000651 BTC.
• aelf (ELF) traded 1.2% higher against the dollar and now trades at $0.38 or 0.00000654 BTC.
• GXChain (GXC) traded 5.3% higher against the dollar and now trades at $0.35 or 0.00000611 BTC.
• Adshares (ADS) traded 0.6% lower against the dollar and now trades at $0.37 or 0.00000632 BTC.
• BitShares (BTS) traded down 0.7% against the dollar and now trades at $0.0020 or 0.00000003 BTC.

TRON Profile

TRON (TRX) uses the hashing algorithm. It launched on September 26th, 2017. TRON’s total supply is 87,130,542,421 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. TRON’s official message board 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 US dollars. Investors seeking to acquire TRON should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TRON using one of the aforementioned exchanges.

TRX/USD price chart by TradingView